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Persistent Systems Limited ( (IN:PERSISTENT) ) has provided an announcement.
Persistent Systems has launched a Merchant Risk Management and Fraud Detection solution built on the Databricks Data Intelligence platform, targeting banks, payment service providers and digital platforms facing surging fraud and regulatory pressure as digital payments expand. The offering uses Agentic AI for multi-signal merchant vetting at onboarding and real-time monitoring of transactions and external data, enabling early risk detection and automated, auditable interventions such as enhanced monitoring and transaction restrictions, which may help clients cut fraud losses, boost detection accuracy and reduce manual reviews while reinforcing Persistent’s positioning in AI-driven financial risk management solutions.
More about Persistent Systems Limited
Persistent Systems Limited is a global provider of digital engineering and enterprise modernization services, working with clients to build data-driven, AI-enabled solutions. Listed on both the BSE and NSE in India, the company focuses on helping financial institutions and other enterprises modernize their technology stacks and improve operational efficiency through advanced data platforms and AI capabilities.
Average Trading Volume: 51,010
Technical Sentiment Signal: Hold
Current Market Cap: 847.7B INR
For an in-depth examination of PERSISTENT stock, go to TipRanks’ Overview page.