Persistent Systems Limited has informed the Exchange regarding a press release dated April 09, 2026, titled "Persistent Launches Merchant Risk Management Solution Powered by Databricks AI".
PERSISTENT · price
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Persistent Systems has launched a new Merchant Risk Management and Fraud Detection solution built on the Databricks Data Intelligence platform. The solution helps financial institutions, payment service providers and digital platforms detect fraud earlier through AI-driven real-time monitoring. Key expected benefits include 20-40% reduction in fraud losses, 30-60% improvement in detection accuracy, 50-70% reduction in manual review effort, and 10-20% cost reduction. The solution uses Agentic AI for multi-signal merchant vetting during onboarding and continuous transaction monitoring. Persistent is a Databricks Global Systems Integrator partner with 900+ certified professionals.
This new solution launch demonstrates Persistent's continued innovation in AI and digital engineering, targeting the growing fraud prevention market in financial services. While no immediate revenue impact is specified, the quantified benefits suggest potential for attracting new clients in the BFSI sector.