Riskified

Riskified Continues to Execute on Land and Expand Strategy to Achieve Third Quarter Revenue Growth of 14%

Retrieved on: 
Wednesday, November 15, 2023
Data Management, Security, Technology, Software, Electronic Commerce, Artificial Intelligence, Webcast, Disclosure, EBITDA, Conference proceedings, Security (finance), Depreciation, Annual report, Privacy, Exercise, Risk, Share repurchase, Tax, History, Insurance, Public expenditure, Stock dilution, Artificial intelligence, Instability, GAAP, Adjustment, PSD2, E-commerce, Partnership, Table, Gross merchandise volume, CTB, Growth, Failure, Performance indicator, GMV, Cryptocurrency, Bookkeeping, Bank, Riskified

These results are testament to the overall strength of the business, and to our ability to execute and find leverage in the model.

Key Points: 
  • These results are testament to the overall strength of the business, and to our ability to execute and find leverage in the model.
  • We are updating our revenue guidance for the year ending December 31, 2023 as follows:
    Revenue between $297 million and $300 million.
  • We are committed to continuing to manage the business in a disciplined manner and seek to identify further leverage in the business model.
  • (1) GMV is a key performance indicator and Adjusted EBITDA is a non-GAAP measure of financial performance.

CellPoint Digital and Riskified Partner to Enhance Fraud Protection for Airlines and Travel Merchants with Industry-Leading Payments Solution

Retrieved on: 
Thursday, November 2, 2023
Technology, Mobile, Wireless, Payments, Security, Electronic Commerce, Digital Cash Management, Digital Assets, Software, Data Management, Artificial Intelligence, Digital, Fraud, Riau rupiah, Riskified, Interview, Risk, Partnership, Machine learning, Travel, Algorithm, AI, Online shopping

Riskified’s ecommerce fraud management platform is a dynamic system designed to protect online retailers from fraudulent transactions.

Key Points: 
  • Riskified’s ecommerce fraud management platform is a dynamic system designed to protect online retailers from fraudulent transactions.
  • Additionally, travel merchants who leverage Riskified’s Chargeback Guarantee solution will not bear the cost of fraud chargebacks, in the event that Riskified approves a fraudulent transaction.
  • Combined with CellPoint Digital’s Payment Orchestration platform, airlines and enterprise travel merchants can enjoy cutting-edge fraud protection, higher transaction approval rates, instant decision-making capabilities, and complete chargeback protection, enhancing the overall security and efficiency of the payment process.
  • “Our partnership with Riskified represents a step forward in the world of online payments,” said Kristian Gjerding, Chief Executive Officer of CellPoint Digital.

Riskified Partners with Plaid to Enhance Risk Protection for ACH Bank Payments

Retrieved on: 
Monday, October 23, 2023
Cryptocurrency, Finance, Banking, Data Management, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Intelligence, NACHA, NYSE, Plaid, Fraud, ACH, Growth, Risk, Partnership, Machine learning, Online shopping, Riskified

This partnership empowers online merchants, marketplaces, and trading platforms to approve ACH (Automatic Clearing House) payments with unmatched confidence, safeguarding against fraud and the risk of insufficient funds.

Key Points: 
  • This partnership empowers online merchants, marketplaces, and trading platforms to approve ACH (Automatic Clearing House) payments with unmatched confidence, safeguarding against fraud and the risk of insufficient funds.
  • The integration between the two companies enhances Riskified’s existing ACH protection capability to shift fraud liability and protect against ACH ‘insufficient funds’ returns.
  • “In collaborating with Plaid, Riskified’s existing ACH protection capability is further improved with enriched data and enhanced accuracy, equipping merchants with more confidence to embrace ACH payments.
  • “Innovation around risk and fraud assessment is rapidly expanding the use cases for ACH,” said Tamara Romanek, Head of Partnerships at Plaid.

Online Retailers Feel Trapped Between Keeping Loyal Customers and Dwindling Profits: 90% Losing Money to Policy Abuse

Retrieved on: 
Thursday, September 14, 2023
Hispanic, Technology, Electronic Commerce, Online Retail, Consumer, Other Consumer, Retail, Department Stores, Travel, Interview, Digital, The Wall Street Journal, Policy, Research, CMO, INR, Organization, Amazon, Machine learning, Yoy, NYSE, Online shopping, Riskified

Two-thirds of retailers (67%) said they can recoup less than half of the total value of a returned item.

Key Points: 
  • Two-thirds of retailers (67%) said they can recoup less than half of the total value of a returned item.
  • Other key findings from the Riskified’s policy abuse benchmark report include:
    9 out of 10 online retailers said they face significant costs due to policy abuse.
  • 70% of online merchants experienced a rise in all forms of policy abuse during the summer shopping season, and two-thirds (67%) saw more policy abuse during the post-holiday returns season.
  • Notably, policy abuse can cost some merchants even more than traditional fraud chargebacks, resulting in over $100 billion in losses for ecommerce merchants worldwide.

Mastercard and Riskified New Integration Combines Fraud Insights to Drive Ecommerce Revenue Growth and Profitability for Global Merchants

Retrieved on: 
Thursday, August 17, 2023
Software, Networks, Online Retail, Professional Services, Data Management, Electronic Commerce, Technology, Digital Cash Management, Digital Assets, Security, Retail, Online Privacy, Finance, Mastercard, Growth, Partnership, Fraud, NYSE, Risk, Online shopping, Riskified

Riskified’s machine learning platform provides merchant fraud teams with highly accurate, automated risk-decisioning for ecommerce transactions.

Key Points: 
  • Riskified’s machine learning platform provides merchant fraud teams with highly accurate, automated risk-decisioning for ecommerce transactions.
  • This partnership breaks new ground in the ecommerce fraud space by marrying insights from Mastercard’s world-leading cybersecurity products and solutions with Riskified’s extensive transaction and identity network.
  • “This global partnership with Mastercard highlights the measurable impact Riskified makes on merchant revenues and profitability,” said Kevin Sprake, Vice President, Global Channel Partnerships at Riskified.
  • “We're excited to work with Mastercard to empower merchants to continue investing in ecommerce to drive growth across the globe, and particularly in emerging markets where merchants have higher exposures to fraud and abuse.”
    For more information on Riskified Partners, visit riskified.com/partners .

Riskified Reports Strong Second Quarter Revenue Growth of 21%; Board Authorizes $75 Million Share Repurchase Program

Retrieved on: 
Tuesday, August 15, 2023
Data Management, Security, Technology, Other Technology, Software, Electronic Commerce, Internet, Exercise, Insurance, PSD2, Partnership, Failure, Table, Share repurchase, Marketing, Bank statement, Gross merchandise volume, Instability, Stock dilution, Disclosure, Tax, CTB, Conference proceedings, GAAP, E-commerce, Risk, History, Privacy, Public expenditure, Performance indicator, EBITDA, Acquisition, Depreciation, Annual report, Webcast, Growth, Artificial intelligence, Security (finance), Adjustment, GMV, Guarantee Security Life Insurance Company, Cryptocurrency, Bank, Riskified

Looking forward, we remain on track to deliver positive Adjusted EBITDA in the fourth quarter of 2023,” said Aglika Dotcheva, Chief Financial Officer of Riskified.

Key Points: 
  • Looking forward, we remain on track to deliver positive Adjusted EBITDA in the fourth quarter of 2023,” said Aglika Dotcheva, Chief Financial Officer of Riskified.
  • We are improving our revenue guidance for the year ending December 31, 2023 as follows:
    Revenue between $298 million and $303 million, or $300.5 million to the midpoint.
  • Adjusted EBITDA(2) to be between negative $17 million and negative $12 million, or negative $14.5 million to the midpoint.
  • On August 8, 2023, the Company's Board of Directors authorized the repurchase of up to $75 million of the Company’s ordinary shares, subject to the completion of required Israeli regulatory procedures.

Riskified Partners with commercetools to Deliver Chargeback Guarantee at Scale

Retrieved on: 
Tuesday, August 1, 2023
Apps, Applications, Technology, Payments, Electronic Commerce, Software, Internet, Retail, Data Management, Online Retail, Cloud, Lululemon Athletica, Partnership, Reputational damage, Risk management, E-commerce, Commerce, Machine learning, Fraud, NYSE, Ulta Beauty, Online shopping, Riskified, Shopify

The integration solidifies an innovation-led partnership that enables one of the most advanced ecommerce platforms to offer Riskified’s Chargeback Guarantee , a top-rated, award-winning product.

Key Points: 
  • The integration solidifies an innovation-led partnership that enables one of the most advanced ecommerce platforms to offer Riskified’s Chargeback Guarantee , a top-rated, award-winning product.
  • Riskified is also integrated with other major eCommerce platforms, including SAP Commerce Cloud, Salesforce Commerce Cloud, Adobe/Magento, Shopify, and VTEX.
  • Through this integration, merchants utilizing commercetools can effectively combat rising losses from payment fraud while ensuring a frictionless customer experience.
  • Riskified will be available via commercetools’ Integration Marketplace, offering merchants a simple, seamless way to implement Riskified’s Chargeback Guarantee solution.

Forever New Leverages Riskified to Reduce Chargebacks by 84%, Maximize Ecommerce Revenues, and Enable a Seamless Shopping Experience

Retrieved on: 
Thursday, June 29, 2023
Software, Other Retail, Technology, Electronic Commerce, Online Retail, Fashion, Retail, Security, Risk management, System, Partnership, Fraud, Friction, Forever, ALDO, NYSE, Prada, Customer satisfaction, Interview Music, Data science, Online shopping, Riskified

With Riskified, Forever New maintains consistently high approval rates while minimizing chargeback costs, creating revenue certainty and bottom-line predictability in a volatile economic environment.

Key Points: 
  • With Riskified, Forever New maintains consistently high approval rates while minimizing chargeback costs, creating revenue certainty and bottom-line predictability in a volatile economic environment.
  • Forever New was established in Melbourne, Australia in 2006 and its fashion collections can be found in 400 stores worldwide.
  • Beloved by its customers, Forever New makes it a priority to provide a superior experience both online and off.
  • Riskified’s Chargeback Guarantee offering helped Forever New reduce chargebacks by more than 84%, improving the fashion retailer’s profit margins.

Acryl Data Secures $21M Series A to Accelerate the Future of Data Management, Adding Data Observability and an Open Control Plane for Data

Retrieved on: 
Thursday, June 22, 2023
Networks, Internet, Data Management, Technology, Software, Cloud, Data management, Pinterest, Classification, Zendesk, Airbnb, Riskified, Multimedia, Organization, Α,β-Unsaturated carbonyl compound, Friction, Documentation, Community, MYOB, Machine learning, Optum, Stripe, Data Catalog Vocabulary, Environment, Cryptocurrency, Video game, Online shopping, Mobile phone

Acryl’s product – Acryl Cloud – is an enterprise-ready data management platform powered by the open source DataHub Project.

Key Points: 
  • Acryl’s product – Acryl Cloud – is an enterprise-ready data management platform powered by the open source DataHub Project.
  • The team at Acryl leads the DataHub Project and Community with over 7,500 data practitioners, and enables practitioners to collaborate on industry-leading data management capabilities.
  • As an open source control plane and data catalog, DataHub is currently in use by companies including Stripe, Pinterest, and Optum.
  • With a mission to bring clarity to data, Acryl offers a best-in-class Data Catalog alongside solutions for data governance and observability.

iHerb, an Ecommerce Leader in Health and Wellness, Partners with Riskified to Protect Online Revenues Against Fraud and Chargeback Costs

Retrieved on: 
Monday, June 12, 2023
Software, Data Analytics, Payments, Professional Services, Technology, Online Retail, Retail, Security, Policy, Riskified, Partnership, Health, Fraud, NYSE, Pharmaceutical industry, Cryptocurrency

Riskified Ltd. (NYSE:RSKD) today announced its partnership with iHerb, a global leader in ecommerce dedicated to health and wellness.

Key Points: 
  • Riskified Ltd. (NYSE:RSKD) today announced its partnership with iHerb, a global leader in ecommerce dedicated to health and wellness.
  • iHerb is leveraging Riskified’s ecommerce fraud and risk intelligence platform to boost approval rates and revenues, streamline its manual review processes, and minimize fraud losses.
  • Riskified’s machine learning platform now automates the review of all iHerb transactions, improving the speed and accuracy of fraud detection and decision-making.
  • As a result of iHerb’s partnership with Riskified, only 1.5% of transactions require additional manual review, a reduction of over 90%.