Arun Raj

Title: Innovations by Arun Raj in Funds Transfer Authentication

Introduction

Arun Raj is a notable inventor based in Bengaluru, India. He has made significant contributions to the field of financial technology, particularly in the area of funds transfer authentication. With a total of 3 patents to his name, Arun's work is paving the way for more secure and efficient financial transactions.

Latest Patents

One of Arun Raj's latest patents focuses on funds transfer authentication. The innovation disclosed and claimed herein comprises systems and methods of funds transfer authentication. The authentication process includes receiving a transfer request to transfer funds from a payer to a payee, identifying the payer, the payee, and the amount to transfer. Customer information associated with both the payer and the payee is identified. The payer and the payee are then authenticated. A communication session is opened between the payer and payee. A time-limited payee OTP is generated and sent to the payee. The payee OTP must be received within a first time limit. The funds are transferred from the payer to the payee based on receiving a matching payee OTP.

Career Highlights

Arun Raj is currently employed at Wells Fargo Bank, N.A., where he continues to innovate in the financial sector. His work is instrumental in enhancing the security of online transactions, making them safer for users.

Collaborations

Arun collaborates with talented professionals such as Mohammed Arif and Sajeev Philip, contributing to a dynamic work environment that fosters innovation.

Conclusion

Arun Raj's contributions to funds transfer authentication demonstrate his commitment to improving financial security. His innovative solutions are essential in today's digital economy, ensuring safer transactions for all.