Persistent Named Leader in Everest Group's 2023 PEAK Matrix

Persistent Systems has been named a Leader in Everest Group’s Payments IT Services PEAK Matrix Assessment 2023. This recognition reflects Persistent’s differentiated expertise in the payments industry that empowers businesses to modernize their infrastructure with fast, flexible, and secure payment solutions.

The current business landscape is highly interconnected, placing greater importance on digital experiences. This has led to a heightened demand for organizations to modernize and transform their payment systems. Moreover, the rise of advanced frauds and scams has prompted a focus on enhancing fraud prevention measures to safeguard payment systems from malicious activities. Drawing on over two decades of specialized knowledge in the payments sector, Persistent has dedicated itself to crafting tailored solutions. Through inventive frameworks and accelerators, the company aids clients in achieving these goals.

In its first edition of the Payments IT Services PEAK Matrix® Assessment, Everest Group evaluated 30 leading payments IT service providers based on their capabilities and market impact. The report provides an objective, data-driven assessment of service providers based on their overall vision and capability, as well as market impact across different global services markets.

Persistent has been recognized for:

•  Industry-leading revenue growth enabled by business contextualized IP with offerings such as a smart contract engine, intelligent interface for fraud prevention, and API integrations for tokenization and encryption.

•  Rich offerings portfolio with superior product delivery, powered by a suite of partnerships with leading technology providers, hyperscalers, and FinTechs.

• Client-recognized domain expertise across platform services, application development, and servicing of product companies.

• Enhanced capabilities across the payments ecosystem with specific domain-centric investments.

Jaideep Dhok, SVP & General Manager, Banking, Financial Services & Insurance, Persistent:

“Payments processes are central to almost every business today since it is core to the digital experience and in turn create an improved customer personalization. At Persistent, our strategic investments in the payments domain expertise, supported by a strong engineering mindset, proprietary accelerators, and curated partner ecosystem, allow us to deliver frictionless payment experiences for our clients and their end customers. Our credentials in helping our clients modernize their payment infrastructure, enable instant payment schemes, and elevate end customer experiences have placed us to get recognized as a Leader in the Everest Group’s Payments IT Services PEAK Matrix® 2023.”

Aaditya Jain, Vice President, Everest Group:

“Targeted investments into multiple acquisitions, development of accelerators, and talent have supported in bolstering Persistent Systems’ payments capabilities and growth. Focused messaging to bake-in industry context, as well as strong recognition by clients on domain expertise and application development, have helped Persistent to earn a Leader recognition in Everest Group’s Payments IT Services PEAK Matrix Assessment 2023.”