What is it

Riskified is a fraud and risk management platform that uses artificial intelligence to help businesses make real-time decisions about fraud, chargebacks, and account security. It is designed to help businesses increase revenue and sales, reduce chargeback-related costs, enhance customer trust and loyalty, and protect customer accounts against unauthorized access.

Key features

• Cutting-Edge Fraud Detection Technology: Riskified uses advanced technology to analyze data, identify patterns, and prevent real-time fraud.
• Innovative Real-Time Decision-Making: Specializes in making revenue-critical decisions quickly and accurately using AI.
• Unique Behavioral Analysis: Unveils the true identity and behavior behind each transaction for insightful decision-making.
• PSD2 Compliance Optimization: Ensures transactions are optimized for PSD2 compliance, enhancing security and efficiency.

Pros

• Increased Revenue and Sales: Approves more legitimate transactions, increasing revenue and boosting sales.
• Comprehensive Chargeback Protection: Reduces operational costs by offering complete chargeback protection.
• Enhanced Customer Trust and Loyalty: Builds customer trust by providing a seamless and secure shopping experience.
• Robust Account Security: Protects customer accounts against unauthorized access, ensuring robust security measures.

Cons

• It might be complex for small businesses: Small businesses may need help implementing.
• Integration may require technical expertise: Integration might require technical expertise.

Summary

Riskified is a comprehensive fraud and risk management solution that uses AI to help businesses reduce fraud and enhance customer experiences. Its innovative approach to fraud prevention and real-time decision-making sets it apart as a valuable tool for businesses looking to protect transactions and build customer trust.