US Patent Issued to HIGHRADIUS on Nov. 3 for "Machine learning based systems and methods for extracting remittance data from payment notes" (Indian Inventors)

ALEXANDRIA, Va., Nov. 3 -- United States Patent no. 12,783,538, issued on Nov. 3, was assigned to HIGHRADIUS Corp..

"Machine learning based systems and methods for extracting remittance data from payment notes" was invented by Vipul Jain (Hyderabad, India), Debanwesh Bose (Hyderabad, India), Sayantan Mondal (Hyderabad, India), Pratyush Amrit (Hyderabad, India), Lohit Vankina (Hyderabad, India), Vamsi Ram Kiran Bharadwaj Gandepally (Hyderabad, India) and Aishwarya Kumar (Hyderabad, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A machine learning based (ML-based) computing method and system for extracting data associated with financial transactions from payment notes, is disclosed. Initially, the paymen...