Persistent Systems Launches Merchant Risk Management Solution Powered by Databricks AI

Persistent Systems, a global Digital Engineering and Enterprise Modernization leader, has launched a Merchant Risk Management and Fraud Detection solution powered by Databricks Data Intelligence platform. The solution helps financial institutions reduce fraud losses, improve detection accuracy and lower manual review effort through real-time, intelligence-driven decisions. It uses Agentic AI to perform multi-signal merchant vetting during onboarding and continuously monitors transactions, chargebacks and third-party signals in real time to detect emerging fraud or compliance risks. The solution is expected to deliver measurable business impact, including 20-40% reduction in chargeback and fraud losses, 30-60% improvement in fraud detection accuracy, 50-70% reduction in manual review effort, and 10-20% reduction in risk management costs.