Riskified

Riskified: AI-Powered Fraud Prevention for Ecommerce Growth

What is Riskified? Riskified is an AI-powered fraud management and risk intelligence platform designed to help ecommerce businesses maximize revenue, prevent fraud, and enhance customer experience. It provides a comprehensive suite of solutions that leverage machine learning and a vast merchant network to detect and prevent fraudulent transactions, policy abuse, and account takeovers.

How does Riskified work? Riskified utilizes a combination of human ingenuity and AI-powered scale to provide accountable fraud management. Here's how it works:

• Adaptive Checkout: Dynamically adapts the shopping journey for each customer, providing the best opportunity for conversion while minimizing fraud risk.
• Chargeback Guarantee: Offers guaranteed performance in preventing fraud and lifting revenue by shifting the liability for fraudulent chargebacks to Riskified.
• Policy Protect: Prevents abuse of refunds, promotions, and reseller activities while maintaining an excellent shopping experience for legitimate customers.
• Dispute Resolve: Simplifies chargeback management with a single, smart platform to fight chargebacks and recover revenue.
• Account Secure: Protects customer accounts from account takeovers, building trust and ensuring customer safety.

Key Features and Benefits:

• Increased Approval Rates: Empowers fraud teams to grow approval rates by 4-8 percentage points using ecommerce expertise, machine learning, and automation.
• Precise Decisioning: Detects fraud 2-3 times better than competitors through the use of 480+ data attributes drawn from a vast, global merchant network.
• Reduced Chargebacks: Helps decrease chargebacks by up to 70%, as highlighted in the Finish Line case study.
• Decreased Manual Review: Reduces the need for manual review of orders by as much as 20%, as seen in the Rue Gilt Groupe case study.
• Increased Transaction Success: Improves transaction success rates by up to 1.5%, as demonstrated in the Gametime case study.
• Expansion into New Markets: Provides the confidence to move into new markets, verticals, and products without extensive historical data, as highlighted in the Booking.com testimonial.

Use Cases and Industries:

Riskified serves a variety of industries, including:

• Digital Goods
• Retail
• Luxury Fashion
• Travel
• Athletic & Outdoors

Why is Riskified Important?

In today's ecommerce landscape, fraud prevention is critical for maintaining profitability and customer trust. Riskified helps businesses:

• Maximize Revenue: By approving more legitimate orders and reducing false declines.
• Reduce Costs: By minimizing chargebacks, manual reviews, and operational overhead.
• Enhance Customer Experience: By providing a seamless and secure shopping experience.
• Scale Efficiently: By automating fraud management processes and providing access to a vast network of data and expertise.

What Problems Does Riskified Solve?

Riskified addresses several key challenges faced by ecommerce businesses:

• High Chargeback Rates: Riskified's Chargeback Guarantee shifts the liability for fraudulent chargebacks, reducing financial losses.
• False Declines: Riskified's AI-powered platform accurately identifies fraudulent transactions, minimizing the number of legitimate orders that are incorrectly declined.
• Policy Abuse: Riskified's Policy Protect solution prevents abuse of refunds, promotions, and reseller activities, protecting revenue and brand reputation.
• Account Takeovers: Riskified's Account Secure solution protects customer accounts from unauthorized access, preventing fraud and maintaining customer trust.

Conclusion

Riskified is a leading AI-powered fraud management platform that empowers ecommerce businesses to grow revenue, reduce costs, and enhance customer experience. With its comprehensive suite of solutions and guaranteed performance, Riskified provides a valuable tool for navigating the complex landscape of online fraud prevention.

Where can I learn more about Riskified?

Visit the Riskified website to explore their solutions, read case studies, and learn more about how they can help your business combat fraud and drive growth.