Persistent Systems (BSE: 533179 and NSE: PERSISTENT) has achieved the Databricks Brickbuilder Specialization for Banking, Financial Services and Insurance (BFSI), strengthening its capabilities in helping financial institutions build governed and scalable data and AI solutions. The specialization recognizes Persistent’s industry expertise and experience in delivering solutions on the Databricks Data Intelligence Platform. The company said the recognition will support its work with financial institutions seeking to move from fragmented data environments and individual AI projects to scalable applications across risk, fraud, compliance and customer intelligence.
Financial institutions are managing increasing regulatory requirements, more sophisticated financial crime and rising customer expectations. At the same time, legacy architectures often keep transactional, risk and compliance data in separate systems, making it difficult to generate timely insights and deploy AI within established governance frameworks.
Persistent uses the Databricks Data Intelligence Platform to bring financial data together in a governed and AI-ready environment. Technologies including Delta Lake, Unity Catalog and Mosaic AI support the development, evaluation and monitoring of data products, models and AI agents while addressing security and governance requirements.
One of the company’s latest solutions is its Merchant Risk Management and Fraud Detection platform, built on Databricks and powered by Agentic AI. The solution is designed to help financial institutions move from reactive fraud controls towards predictive merchant risk management.
Persistent also develops data-grounded GenAI agents for operations, analytics and compliance. These solutions are supported by evaluation and monitoring mechanisms intended to improve accuracy, explainability and alignment with BFSI processes. The company has worked with Databricks on projects for financial institutions in Europe and Japan. For a leading European bank, Persistent used Databricks to modernize risk data infrastructure and customer data frameworks, helping provide faster access to governed insights and supporting regulatory readiness. For one of Japan’s largest financial services organizations, Persistent established a governed data management framework on Databricks that improved oversight while reducing cloud costs.
“Financial institutions hold enormous data across risk, transaction and customer systems, much of it fragmented by decades of architectural decisions. The opportunity is not simply to consolidate that data, but to use it for better decisions with the transparency and control that financial services demand. Achieving the Brickbuilder Specialization for BFSI strengthens our work with Databricks and our ability to help clients deploy AI across complex, regulated workflows,” said Barath Narayanan, Global BFSI and Europe Geo Head, Persistent.
Josh Meyer, Global Head of Brickbuilder and Industry GTM, Databricks, said Persistent combines BFSI domain expertise with technical capabilities to address complex financial services requirements. Persistent is a Silver Tier Global Systems Integrator partner for Databricks, with more than 1,000 certifications and over 10 accelerators on the platform.
With more than 28,500 employees across 21 countries, Persistent Systems provides AI-led digital engineering, software development, cloud, data, analytics and enterprise modernization services to clients worldwide. The company continues to strengthen its global market position through innovation, strategic partnerships and acquisitions while maintaining its commitment to sustainability, responsible business practices and long-term value creation for customers and shareholders.
