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Riskified

Riskified uses AI to combat fraud, helping ecommerce businesses boost revenue, cut costs, and enhance customer experience.
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Riskified

What is Riskified?

Riskified is a company founded in 2013 by Eido Gal and Assaf Feldman with the goal of enhancing the ecommerce experience for both merchants and consumers. They are pioneers in using AI to fight fraud, leveraging big data and machine learning to approve more orders that merchants might otherwise decline. The company aims to eliminate risk and uncertainty from operations, empowering merchants to thrive in the digital landscape. Riskified offers AI-powered solutions to protect the ecommerce shopping journey and help businesses increase revenue, cut costs, and improve customer experience. The company's mission is to empower businesses to unleash ecommerce growth by outsmarting risk and providing a fraud and risk intelligence solution to combat fraud, curb policy abuse, and boost revenue while ensuring business confidence and success.

Who created Riskified?

Riskified was founded in 2013 by Eido Gal and Assaf Feldman with the goal of enhancing the ecommerce experience for merchants and consumers. The company launched on February 21, 2016. Riskified is a pioneer in using AI to combat fraud by leveraging big data and machine learning to approve more orders that merchants might otherwise decline. They offer solutions to protect against account takeover attacks, payment failures, and more, helping merchants navigate the digital landscape with confidence.

What is Riskified used for?

  • Reducing operational costs
  • Chargeback fraud protection
  • Dispute resolution
  • Account security
  • Policy protection
  • PSD2 optimization
  • Real-time order decisions
  • Adapting to business growth
  • Automated chargeback management
  • Prevention of policy abuse
  • Protection against account takeover
  • Fraud Prevention
  • Maximizing revenue
  • Expanding business
  • Mitigating risks
  • Shift fraud chargeback liability
  • Optimize performance according to risk tolerance and business goals
  • Protect customers from malicious account takeover attacks
  • Combat payment failures at checkout
  • Help merchants block abuse while upholding consumer-friendly policies
  • Eliminate risk and uncertainty from operations
  • Empower ecommerce merchants to thrive in the digital landscape
  • Protect the ecommerce shopping journey with AI-powered solutions
  • Maximize revenue and profit with AI-powered fraud management
  • Enhance revenue and cut costs by approving more legitimate transactions with accountable fraud management
  • AI-powered fraud management
  • Risk intelligence platform
  • Automated decision-making

Who is Riskified for?

  • Fraud Prevention Manager
  • Ecommerce Risk Manager
  • Chief Financial Officer
  • VP of Product
  • Senior Director of Fraud
  • Ecommerce fraud teams
  • Fraud teams
  • Financial Officers
  • Managers of Fraud Prevention
  • VPs of Product
  • Directors of Fraud
  • Leaders of Ecommerce Risk Management
  • Sr. Manager, Fraud Prevention
  • Leader of Ecommerce Risk Management

How to use Riskified?

To use Riskified effectively, follow these steps:

  1. Understand the Goal: Communicate your business objectives, such as boosting revenue and enhancing customer experience, to assess how Riskified can help achieve these goals.

  2. Customize Strategy: Collaborate with Riskified's fraud experts to tailor a fraud and abuse strategy specific to your business needs and objectives.

  3. Maximize Revenue: Work with Riskified as an accountable fraud partner dedicated to delivering positive long-term results for your business.

By leveraging Riskified's AI-powered solutions, you can protect the ecommerce shopping journey and achieve predictable, profitable growth by focusing on these key areas:

  • Communicate Goals: Identify opportunities to increase revenue, enhance customer experience, and mitigate fraud and abuse.
  • Tailor Strategy: Develop a customized business case with the support of Riskified's fraud experts.
  • Revenue Optimization: Experience success by partnering with an accountable fraud management provider committed to long-term positive outcomes.

Riskified's approach involves combining human expertise with AI-powered capabilities to offer fraud management and risk intelligence that empowers businesses to succeed in the evolving digital landscape.

By following these steps and utilizing Riskified's innovative solutions, you can boost revenue, reduce costs, improve customer experience, and effectively combat fraud and abuse to drive your business towards growth and profitability.

For more details and direct assistance, you can access Riskified's resources and connect for a demo through their website. Being part of their network ensures accountability and confidence in navigating business challenges with their support.

Feel free to explore Riskified's offerings to unlock opportunities for growth and success in the ecommerce landscape.

Pros
  • Dispute resolution streamlines chargeback management operations by offering a centralized platform to view and manage chargebacks across all reason codes and gateways.
  • Reduced operational costs and more focused on increasing sales.
  • AI-powered solutions for protecting the ecommerce shopping journey.
  • Experience the success of working with an accountable fraud partner dedicated to positive long-term results.
  • Maximizing fraud team performance.
  • Unlocking new levels of profitability.
  • Promoting customer retention and lifetime value.
  • Helping merchants increase revenue, cut costs, and improve customer experience.
  • Provides tools to maximize revenue, expand business, and mitigate risks associated with fraud, chargebacks, policy abuse, account takeover, and payments.
  • The platform enables businesses to make revenue-critical decisions by leveraging eCommerce risk management tools.
  • Offers features like chargeback guarantee, dispute resolution, account security, policy protection, and PSD2 optimization.
  • Provides real-time order decisions and can scale to adapt to business growth.
  • Comfort in moving into new markets, verticals, and products without extensive historical data.
  • Policy protection feature identifies abusive and expensive shopper behavior to stop policy abuse and protect profits.
  • Account secure feature prevents unauthorized access to shopper accounts, building trust and blocking malicious account takeover attempts.
Cons
  • No specific cons of using Riskified were mentioned in the provided document.
  • No specific cons of using Riskified were mentioned in the provided content.
  • Cons are not available in the provided document.
  • No specific cons were mentioned in the documents provided.

Riskified FAQs

What is Riskified's mission?
Riskified aims to empower businesses to unleash ecommerce growth by outsmarting risk through an enterprise-grade fraud and risk intelligence solution.
When was Riskified founded?
Riskified was founded in 2013 by Eido Gal and Assaf Feldman.
How does Riskified help merchants?
Riskified leverages AI to fight fraud, approve more orders that merchants might otherwise decline, protect customers from account takeover attacks, combat payment failures, and help merchants block abuse while upholding consumer-friendly policies, among other services.
What are Riskified's operating principles?
Riskified prioritizes client success first, drives results, focuses on teamwork, and aims to stay ahead by fostering continuous improvement.
What are the benefits of partnering with Riskified?
Partners of Riskified benefit from safe, fast, and seamless payments, validated orders in milliseconds, scalable solutions that align with growth objectives, comfort in exploring new markets and products, reduced operational costs, improved fraud visibility, and more time to focus on increasing sales.
How does Riskified contribute to ecommerce growth?
Riskified provides AI-powered solutions that protect the ecommerce shopping journey, offering a three-step approach to achieving predictable and profitable growth by communicating business goals, tailoring fraud and abuse strategies, and maximizing revenue with an accountable fraud partner dedicated to long-term success.

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