US Patent Issued to Bank of America on July 1 for "System and method for transaction reconciliation and anomaly detection using tokenized decentralized mesh" (Indian Inventors)

ALEXANDRIA, Va., July 3 -- United States Patent no. 12,346,966, issued on July 1, was assigned to Bank of America Corp. (Charlotte, N.C.).

"System and method for transaction reconciliation and anomaly detection using tokenized decentralized mesh" was invented by Sakshi Bakshi (New Delhi), Sharat Chandran (Hyderabad, India), Arif Ahmad Khan (New Delhi), Durga Prasad Kutthumolu (Telangana, India), Kapil Juneja (Rajasthan, India) and Arvind Bansal (Haryana, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Aspects of the disclosure relate to a dual-system reconciliation process of trades. A first real-time trade processing and centralized reconciliation engine may continuously process trades in real-time and...