Nishant Pant

Title: Innovations of Nishant Pant in Financial Technology

Introduction

Nishant Pant is a notable inventor based in Dehradun, India, recognized for his contributions to financial technology. He has been instrumental in developing innovative solutions that leverage artificial intelligence to enhance risk assessment and fraud detection in financial transactions. With two patents to his name, Pant's work is paving the way for more secure and efficient banking practices.

Latest Patents

Nishant Pant's latest patents include "Methods and systems for predicting account-level risk scores of cardholders" and "Detecting money laundering activities using drift in a trained Siamese neural network." The first patent focuses on utilizing AI-based methods to predict account-level risk scores associated with cardholders. This method involves accessing payment transaction data and cardholder risk data to generate comprehensive cardholder profiles. By employing a trained machine learning model, the system determines various risk scores, including wallet reload risk and transaction channel risk, ultimately transmitting recommendations to issuer servers.

The second patent addresses the detection of money laundering activities through the use of Siamese neural networks. This innovative approach tracks transactions over time for specific customers and financial institutions, comparing them against a baseline of transactions. By identifying deviations from this baseline, the system can effectively trigger alarms for potentially fraudulent activities, enhancing the security of financial transactions.

Career Highlights

Nishant Pant is currently employed at Mastercard International Incorporated, where he applies his expertise in financial technology to develop cutting-edge solutions. His work at Mastercard has allowed him to collaborate with other talented professionals in the field, contributing to advancements in payment security and risk management.

Collaborations

Some of Nishant Pant's coworkers include Ankur Saraswat and Sonali Syngal, who share a commitment to innovation in financial technology. Their collaborative efforts contribute to the development of robust systems that enhance the security and efficiency of financial transactions.

Conclusion

Nishant Pant's innovative patents and contributions to financial technology demonstrate his commitment to improving risk assessment and fraud detection in the banking sector. His work not only enhances the security of financial transactions but also sets a precedent for future innovations in the industry.