Persistent recognized as a Leader in Everest Group’s BFSI-specific Software Product Engineering Services PEAK Matrix® Assessment 2024

Persistent’s BFSI Software Product Engineering Services cover every stage of the software product lifecycle to accelerate software development and modernization initiatives for financial institutions. We transform banking, financial services, and insurance (BFSI) product solutions, driving greater efficiency and better customer experiences.

Our services, combined with our investments in digital transformation technologies and our BFSI specialists, help financial institutions increase business value on a global scale. Our expertise spans digital banking, core banking modernization, payment automation, claims processing, and more, enabling BFSI organizations to respond swiftly to market changes while meeting compliance and regulatory requirements.

Recognition as a Leader in BFSI Product Engineering

In Everest Group’s BFSI-specific Software Product Engineering Services PEAK Matrix® Assessment 2024, Persistent is recognized for the second consecutive year as a Leader for its comprehensive end-to-end services and strong partner network. This recognition reflects our commitment to helping BFSI clients with domain-specific solutions, scalable technology, and future-ready innovation.

Persistent Systems has been recognized as a Leader in Everest Group’s BFSI-specific Software Product Engineering Services PEAK Matrix® Assessment 2024. The firm has cemented its leadership through an end-to-end services play and a comprehensive partner network. Its investments in developing dedicated offerings for Private Equity firms and a robust BFSI-specific IP suite – covering underwriting, digital banking, payment automation, claims processing, etc. – have further strengthened its capabilities and growth in the BFSI space. Clients commend Persistent Systems for its domain expertise, BFSI-focused talent upskilling initiatives, ability to quickly scale up/down resources, and proactive approach to offering innovative solutions.

Mayank Maria
Vice President at Everest Group

Positioned as a Leader for the Second Consecutive Year

We are a Leader and Star Performer in the Everest Group’s Software Product Engineering Services PEAK Matrix® 2024 for the second year in a row, further strengthening our position as a prominent BFSI service provider. This recognition highlights our investments in innovation, Generative AI, data and analytics, cloud infrastructure, and intelligent automation that enable BFSI clients to enhance operational efficiency, drive digital transformation, and create more personalized customer experiences.

Our Impact across BFSI

Persistent is at the forefront of BFSI transformation in banking, insurance, and capital markets, delivering tailored solutions to help BFSI institutions modernize legacy systems and meet new business and regulatory demands. Our work includes implementing AI-powered lending platforms, building cloud-based core banking systems, and deploying real-time fraud detection solutions.

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