#USA #San Jose #Persistent Systems #Databricks #BFSI

Persistent Systems Gains Notable Databricks Specialization for BFSI

In a significant development for the financial services sector, Persistent Systems, a leader in Digital Engineering and Enterprise Modernization, has achieved the prestigious Databricks Brickbuilder Specialization for the Banking, Financial Services, and Insurance (BFSI) sector. This recognition underscores Persistent's deep industry knowledge and capability in delivering effective solutions using the Databricks Data Intelligence Platform.

The Brickbuilder Specialization empowers Persistent to assist financial institutions in transforming fragmented data and AI initiatives into robust, scalable solutions. With a team of certified Databricks professionals, along with reusable accelerators and proven BFSI implementation strategies, Persistent aims to streamline delivery complexities that typically hinder effective risk management, fraud detection, and customer intelligence in financial environments.

As financial institutions navigate increasing regulatory pressures, sophisticated financial crimes, and heightened customer expectations, existing legacy systems often fail to integrate transactional data with risk and compliance functions. Persistent seeks to overcome these challenges by leveraging the Databricks Data Intelligence Platform to unify financial data into a secure, AI-ready framework. Key components such as Delta Lake, Unity Catalog, and Mosaic AI facilitate the development, assessment, and monitoring of data products, AI models, and agents, all while adhering to strict corporate governance and security measures.

One innovative solution introduced by Persistent is focused on Merchant Risk Management and Fraud Detection. Built on the Databricks platform and powered by Agentic AI, this solution shifts institutions from merely reactive fraud measures to adopting predictive, intelligent frameworks for managing merchant risks. Furthermore, Persistent offers data-secure GenAI agents tailored to enhance operational efficiencies, analytics, and compliance procedures, backed by evaluation techniques that ensure accuracy and transparency in alignment with BFSI workflows.

The collaboration between Persistent and Databricks continues to evolve, manifested in co-innovative efforts and joint client projects. For instance, a leading European bank benefited from modernized risk data infrastructure facilitated by Persistent’s expertise on Databricks, allowing for swifter access to governed insights and improved regulatory preparedness. Additionally, one of the largest financial institutions in Japan sought Persistent's help in establishing a comprehensive data management framework on Databricks, which bolstered oversight while effectively reducing cloud expenses.

As a Global Systems Integrator partner for Databricks at the Silver Tier, Persistent boasts over 1,000 certifications and an extensive portfolio of accelerators on the Databricks platform. Barath Narayanan, the Global BFSI and Europe Geo Head at Persistent, emphasizes the value of transforming substantial data warehouses within financial institutions. "The opportunity is not just to consolidate data from diverse systems but to leverage it for enhanced decision-making with the control and transparency expected in financial settings. Achieving the Brickbuilder Specialization greatly enhances our collaborative efforts with Databricks, allowing us to deliver AI in intricate, regulated environments," he notes.

Josh Meyer, Global Head of Brickbuilder and Industry GTM at Databricks, highlights what differentiates Persistent in the BFSI domain: a profound understanding of the sector coupled with exceptional technical skills. According to Meyer, the recognition of this specialization reflects the quality of work delivered to their clients and the strength of their partnership.

About Persistent Systems

Persistent Systems is a global solutions provider delivering AI-driven and platform-oriented Digital Engineering and Enterprise Modernization services across various sectors. With a workforce exceeding 28,500 across 21 countries, the company is devoted to promoting innovation and ensuring customer success. Offering a full suite of services—including software development, cloud computing, and business automation—Persistent is consistently recognized for its strong commitment to responsible business practices, sustainability, and workforce inclusion. The company's achievements in the industry include being featured on the MSCI India Index and several indices of the National Stock Exchange of India.

For more information, please visit www.persistent.com.