India, April 9 -- Persistent Systems has announced the launch of a Merchant Risk Management and Fraud Detection solution powered by the Databricks Data Intelligence platform.
The solution is designed to help financial institutions reduce fraud losses, improve detection accuracy, and minimise manual intervention through real-time, intelligence-driven decision-making.
With the rapid growth of digital payments, financial institutions and platforms are facing increasing risks related to fraud, compliance, and reputational damage. Traditional systems, which rely on static rules and post-transaction analysis, often fall short in early detection. The new solution aims to address this gap by enabling proactive risk management through AI-driven mo...