US Patent Issued on May 26 for "Machine learning based systems and methods for data extraction from financial statements" (Indian Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,639,971, issued on May 26.

"Machine learning based systems and methods for data extraction from financial statements" was invented by Lohit Vankina (Hyderabad, India), Nilotpal Sarkar (Hyderabad, India), Niladri Sen (Hyderabad, India), Gummadi Sai Dheeraj (Hyderabad, India), Ansumun Gouda (Hyderabad, India), Pratyush Amrit (Hyderabad, India) and Sumit Gupta (Hyderabad, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A machine learning based computing method for extracting data from electronic documents, is disclosed. The machine learning based computing method includes steps of: receiving the electronic documents from data sources; converting format...