Persistent Systems launched a merchant risk management and fraud detection solution built on the Databricks Data Intelligence platform.
The AI-powered solution aims to reduce fraud losses by 20-40%, improve detection accuracy by 30-60%, and cut manual review effort by 50-70%.
The accelerator solution is available for global deployment to banks, acquirers, and payment service providers.
This product launch was disclosed via a regulatory filing to the NSE and BSE on April 9, 2026.