Riskified - AI-Powered Fraud Management Platform
Riskified is an AI-driven platform that empowers ecommerce merchants to mitigate fraud risks and enhance revenue. By using machine learning, automation, and a vast network of global merchants, Riskified's tools effectively identify and prevent fraudulent transactions, thereby improving order approval rates and decreasing manual reviews. Their services include fraud prevention with guaranteed performance, account security, chargeback management, and optimizing customer experiences under PSD2 regulations. Riskified's solutions cover diverse industries such as digital goods, retail, luxury fashion, and travel.
Key Features
ecommerce
fraud prevention
AI-powered
machine learning
chargeback management
risk intelligence
Pros
- Reduces chargebacks by up to 70%
- Increases transaction success rate
- Decreases manual order reviews
- Scalable to business growth
- Provides instant validation of orders
Cons
- May require integration with existing systems
- Potential dependence on Riskified's platform for fraud management
- Upfront investment costs
- Training needed for optimal use
- Risk of declining legitimate transactions
Frequently Asked Questions
What is the main purpose of Riskified's platform?
The main purpose is to maximize revenue and profit for ecommerce merchants by reducing fraud and managing risk through AI-powered solutions.
What industries can benefit from using Riskified's services?
Industries such as digital goods, retail, luxury fashion, travel, athletics, and outdoors can benefit from Riskified's services.
How effective is Riskified in preventing fraud?
Riskified is able to detect fraud 2-3 times better than competitors in head-to-head pilots, according to the company.
What is the impact on chargebacks when using Riskified?
The use of Riskified's platform can result in a 70% decrease in chargebacks.
How does Riskified improve order validation?
Riskified provides instant validation of orders, drastically reducing the need for manual reviews.
