Poornima Mahabaleshwarappa

Title: Poornima Mahabaleshwarappa: Innovator in Funds Transfer Authentication

Introduction

Poornima Mahabaleshwarappa is a notable inventor based in Bengaluru, India. She has made significant contributions to the field of financial technology, particularly in the area of funds transfer authentication. With a total of 2 patents to her name, her work is paving the way for more secure financial transactions.

Latest Patents

Her latest patents focus on innovative systems and methods for funds transfer authentication. The first aspect of her innovation involves receiving a transfer request to transfer funds from a payer to a payee. This request identifies the payer, the payee, and the amount to be transferred. Customer information associated with both the payer and the payee is identified, and both parties are authenticated. A communication session is then opened between the payer and payee. A time-limited payee OTP (One-Time Password) is generated and sent to the payee. The payee OTP must be received within a specified time limit. The funds are transferred from the payer to the payee based on the successful receipt of a matching payee OTP.

Career Highlights

Poornima currently works at Wells Fargo Bank, N.A., where she continues to develop her innovative ideas. Her expertise in financial technology has made her a valuable asset to her team and the organization as a whole.

Collaborations

She collaborates with talented coworkers, including Mohammed Arif and Sajeev Philip, who contribute to her projects and innovations.

Conclusion

Poornima Mahabaleshwarappa is a pioneering inventor whose work in funds transfer authentication is enhancing the security of financial transactions. Her contributions are significant in the evolving landscape of financial technology.