Persistent Systems Launches AI-Powered Merchant Risk Management Solution on Databricks

Persistent Systems has launched a Merchant Risk Management and Fraud Detection solution powered by the Databricks Data Intelligence platform, announced in a press release. The tool is designed to help financial institutions minimize fraud losses, improve detection accuracy, and reduce manual review efforts through real-time, AI-driven decision-making.

The solution applies Agentic AI to evaluate merchants during onboarding, analyzing business profiles, compliance records, transaction patterns, and external indicators to assess risk before transactions occur. Once active, it continuously monitors transactions, chargebacks, and third-party data in real time to detect emerging fraud and compliance risks.

When risk signals are detected, the system can automatically trigger configurable actions such as enhanced monitoring, watch listing, or transaction restrictions, all with audit and governance controls. Built as a Databricks accelerator, it integrates batch and streaming data into a unified, governed intelligence layer that supports faster deployment and operational efficiency.