Riskified

Name of the product or service

Riskified

Votes: 0

Product or service description

Riskified was founded in 2013 and has been listed on the NYSE since 2021. We were born AI-first, and over the past 10 years have evolved our machine learning platform to deliver results for ecommerce: We lift approval rates, increase authorization rates, resolve identities to prevent policy abuse, secure merchants against account takeovers, empower fraud teams to dispute chargebacks, and optimize payment flows. Riskified’s platform is designed for security, scalability and global reach.

In addition, we have over 800 employees worldwide and we work with many of the world’s largest merchants and prestige brands across 180 countries to maximize ecommerce revenue and profitability. We also pioneered a full chargeback guarantee where we are accountable to our merchant partners allowing them to grow their business safely and with complete confidence.

Distinction from the competition

Our advanced machine learning platform is designed to lift approval rates, increase authorization rates, prevent policy abuse, secure against ATO (account takeovers) and optimize payment flows. Riskified’s platform is designed for security, scalability and global reach.

Riskified offers our customers a full chargeback guarantee coverage that empower them to grow their business safely and with complete confidence. We lift sales by frictionlessly approving more legitimate transactions, while taking on fraud liability to reduce a merchant’s costs. Because of this, Riskified prides itself on being not just a solution provider, but a true partner to our customers.

In addition, we have the largest and most experienced fraud data science and engineering teams in the industry. Over 100 risk analysts wake up every day focused on the health of our merchant’s businesses - offline tagging and helping the models learn, and in many cases dedicated data scientists focused specifically on our larger merchant accounts fine-tuning models for specific segments.

Product or service innovations

In the past year we’ve expanded our platform to help merchants stem significant losses from policy-related abuses. Policy Protect is a groundbreaking solution that uses machine learning to detect and prevent policy abuse in real-time. It is powered by a proprietary engine that forms identity clusters from billions of accounts, behaviors and transactions across a global merchant network, broadening the view of customer identity beyond their singular profile with a merchant.

Customer case study

Buyatab Testimonial: “The investment towards Riskified is worth it. We see the benefits in our approval rates, in less customer service inquiries, and less people calling as to why their order was declined.” - Sebastien Favre, Director of Operations, Buyatab Link: https://www.riskified.com/resources/case-study/buyatab/

Gametime Testimonial: “Things will naturally change with your business and you want to make sure you have a partner that is willing and able to adapt with you. Riskified’s team is fantastic and true partners in how they approach your challenges.” - Pete Deimos, VP of Product, Gametime Link: https://www.riskified.com/resources/case-study/gametime/


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