Persistent Systems Limited has submitted its quarterly compliance certificate to the National Stock Exchange of India Limited and BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Filing Details

The certificate was filed on April 14, 2026, addressing the requirements under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. Company Secretary Amit Atre signed the submission on behalf of Persistent Systems Limited.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The registrar confirmed that no securities were received for dematerialization during the quarter ended March 31, 2026.

Compliance Framework

The filing represents part of Persistent Systems' ongoing compliance with SEBI regulations governing depositories and participants. The quarterly certificate system ensures transparency in securities dematerialization processes and maintains regulatory oversight of share transfer activities.

The submission to both NSE and BSE demonstrates the company's commitment to maintaining proper regulatory compliance across all major Indian stock exchanges where its securities are listed.

Persistent Systems has officially announced the launch of its Merchant Risk Management and Fraud Detection solution powered by Databricks Data Intelligence platform. The solution addresses critical challenges in payment processing and fraud prevention for financial institutions, payment service providers, and digital platforms.

Advanced AI-Driven Risk Management Solution

The newly launched tool leverages Databricks Data Intelligence platform with Agentic AI capabilities to provide comprehensive merchant risk management services. The solution shifts merchant risk management upstream to enable early detection, continuous monitoring, and AI-driven action before losses occur.

Expected Business Impact and Performance Metrics

The solution is designed to deliver measurable business improvements across multiple operational areas. The company projects significant enhancements in fraud detection capabilities and cost reduction through automated processes.

Multi-Signal Intelligence and Real-Time Monitoring

The solution employs multi-signal merchant vetting during onboarding, analyzing business profiles, compliance history, transaction patterns, and external indicators to assess risk before transactions begin. Once operational, it continuously monitors transactions, chargebacks, and third-party signals in real-time to detect emerging fraud or compliance risks.

When risk signals are detected, the system triggers configurable actions including enhanced monitoring, watch listing, or transaction restrictions with full auditability and governance. The platform unifies batch and streaming data, merchant profiles, and external risk signals into a governed, real-time intelligence layer.

Strategic Partnership and Market Position

Persistent Systems operates as a Databricks Global Systems Integrator partner with over 900 Databricks certified professionals and more than eight accelerators on the Databricks platform. The solution addresses the growing complexity of merchant risk management as digital payment volumes increase and regulatory scrutiny intensifies.

According to Barath Narayanan, Global BFSI and Europe Geo Head at Persistent Systems, effective risk management now depends on the ability to transform data into intelligence and respond in real-time. The collaboration enables financial institutions to identify emerging risks earlier and improve decision-making across the merchant lifecycle.