Persistent Systems Ltd.

BSE: 533179 | NSE: PERSISTENT
Mid Cap | IT - Software
6295.65
-107.45 (-1.68%)
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Persistent Systems, Monument Bank enter into partnership

Date: 02-08-2022

Persistent Systems and Monument Bank have entered into partnership to build a bespoke, cloud-native digital banking platform for lending and deposit services to support Monument’s ongoing operations. Monument’s target clients are usually pressed for time and often feel underserved and undervalued by other banking providers. Monument’s mission is to help its clients prosper and optimise their time by offering smart, efficient and flexible solutions.

Persistent was engaged in the designing and planning of Monument’s technology systems and subsequently helped construct the Bank’s bespoke systems architecture using a flexible building block approach. This approach enables new components to be added and swapped over time to take advantage of the latest innovations, allowing Monument to choose and integrate multiple SaaS based core component technologies.

Persistent Systems is a global company specializing in software product and technology services.