Launch · Enterprise Software & IT

Persistent Systems launches fintech risk management solution

By Startup Enthusiast · 9 April 2026

What they do

Persistent Systems offers AI-led digital engineering and enterprise modernization services to businesses across industries

The company launched a new Merchant Risk Management and Fraud Detection solution built on the Databricks Data Intelligence platform

The solution uses Agentic AI to analyze merchant data and reduce fraud losses by up to 2040% through early risk detection

Persistent Systems announced the launch of its Merchant Risk Management and Fraud Detection solution on April 9, 2026.
The solution is built on the Databricks Data Intelligence platform and uses Agentic AI for real-time, intelligence-driven decisions.
It helps financial institutions reduce fraud losses, improve detection accuracy, and lower manual review efforts.
The solution analyzes business profiles, compliance history, transaction patterns, and external indicators to assess risk before transactions begin.
Persistent claims the solution can reduce chargeback and fraud losses by 2040%, improve fraud detection accuracy by 3060%, and reduce manual review efforts by 5070%.
The platform could also reduce risk management costs by 1020% through automation and streamlined workflows.
Barath Narayanan, Global BFSI and Europe Geo Head at Persistent, emphasized the importance of transforming data into intelligence for real-time risk management.

Persistent Systems is a global services and solutions company delivering AI-led, platform-driven digital engineering and enterprise modernization.
The company reported a 6.79% decline in consolidated net profit to Rs 439.4 crore in Q3 FY26 despite a 5.52% increase in revenue to Rs 3778.20 crore.
The launch of the new solution aligns with the growing need for real-time risk management in the financial sector as transaction volumes and regulatory scrutiny increase.

Persistent Systems provides a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation.
The company operates globally and serves businesses across industries with AI-led, platform-driven digital engineering and enterprise modernization.
Persistent's services help organizations modernize their operations, improve efficiency, and enhance customer experiences.
The company's revenue increased by 5.52% in Q3 FY26 to Rs 3778.20 crore, though net profit declined by 6.79% to Rs 439.4 crore.
Persistent's new solution targets the growing demand for advanced risk management tools in the financial services sector.