Company Filing History:
Years Active: 2021
Title: Jaipal Gopalan: Innovator in Secure Banking Transactions
Introduction
Jaipal Gopalan is a notable inventor based in Bengaluru, India. He has made significant contributions to the field of secure banking transactions. His innovative approach has led to the development of a unique method that enhances the security of cardless transactions.
Latest Patents
Jaipal Gopalan holds a patent for a "Method and system for performing secure banking transactions." This invention outlines a process for conducting secure cardless transactions using a user device. The method begins with the user downloading an authenticated banking application linked to their unique ID. To initiate a transaction, the user logs into the application, and the user device securely pairs with an ATM that has a location-based unique ID. The secure pairing process utilizes specific parameters, including an application identifier and a transaction terminal identifier. Once the pairing is initiated, the ATM displays a unique number generated by the bank server, which is linked to the user. The user enters this number into their portable device, followed by biometric authentication. After validation, a token ID is generated, allowing a user-specific interface to be rendered on the user device. This innovative method significantly enhances the security of banking transactions.
Career Highlights
Jaipal Gopalan is currently employed at Tata Consultancy Services Limited, where he continues to work on advancements in technology and secure banking solutions. His expertise in this area has positioned him as a valuable asset to his organization.
Collaborations
Some of Jaipal's coworkers include Hitesh Umedkumar Ruparelia and Ramya R Varma. Their collaborative efforts contribute to the innovative environment at Tata Consultancy Services Limited.
Conclusion
Jaipal Gopalan's contributions to secure banking transactions exemplify the importance of innovation in the financial technology sector. His patent reflects a commitment to enhancing security and user experience in banking.