Welcome to our dedicated page for Riskified news (Ticker: RSKD), a resource for investors and traders seeking the latest updates and insights on Riskified stock.
Overview of Riskified Ltd
Riskified Ltd is a comprehensive ecommerce fraud prevention platform that utilizes advanced machine learning and data analytics to ensure the legitimacy of online transactions. Operating within the high-stakes realm of ecommerce risk management, this firm offers a robust solution that not only identifies fraudulent orders but also provides a 100% chargeback protection guarantee on approved transactions. By doing so, Riskified helps merchants build trusted relationships with their customers and confidently manage the challenges posed by sophisticated fraud techniques.
Technology and Innovation
The core of Riskified's offering lies in its next-generation technology. The company employs state-of-the-art machine learning algorithms and extensive data analytics to rapidly assess and validate ecommerce orders. This advanced approach enables the system to distinguish between legitimate and fraudulent transactions with high precision, thereby significantly reducing potential losses from chargebacks and fraud. The integration of these technologies into a seamless risk management platform highlights Riskified's dedication to operational excellence and technological innovation.
Business Model and Revenue Generation
Riskified operates on a business model that centers on providing ecommerce merchants with access to its sophisticated risk management platform. Merchants are charged fees based on the volume and complexity of transactions processed through the system. This model not only ensures that merchants receive real-time fraud detection but also provides them with a safety net through the company’s guarantee against chargebacks on approved orders. By aligning its revenue generation with the success and security of merchant transactions, Riskified demonstrates a mutually beneficial approach to combating ecommerce fraud.
Market Position and Industry Significance
Within the competitive landscape of fintech and ecommerce, Riskified has established itself as a pivotal player in fraud prevention. Its ability to effectively merge advanced machine learning technologies with actionable risk insights has earned it the trust of a wide swath of merchants, including well-known global brands in sectors such as luxury goods, retail, travel, and general ecommerce. The company has managed to position itself at the intersection of technology and risk management, addressing both the technical challenges and business imperatives of modern online commerce.
Customer Segments and Operational Scope
The firm's clientele encompasses a broad array of ecommerce merchants, from leading luxury fashion houses and major retail chains to niche online marketplaces dealing in tickets, electronics, and general retail products. By servicing a multitude of verticals, Riskified adapts its platform to meet the distinctive requirements of various market segments. The company’s commitment to safeguarding ecommerce transactions through its comprehensive fraud prevention and risk management solutions resonates well with brands that are particularly vulnerable to the sophisticated tactics employed by online fraudsters.
Risk Management and Chargeback Protection
A critical component of Riskified’s service is its 100% chargeback protection guarantee on every approved order. This guarantee not only mitigates the risks merchants face from fraudulent purchases but also encourages higher order approval rates for legitimate transactions. The model underscores a proactive strategy that shifts the protection burden away from merchants while enhancing overall customer satisfaction. This approach allows brands to achieve higher conversion rates and improved revenue performance, reinforcing the value proposition of Riskified's comprehensive fraud prevention solution.
Competitive Differentiation
Riskified distinguishes itself through a combination of technological excellence and practical risk mitigation. Unlike traditional fraud prevention services that may rely on static rule-based systems, Riskified employs dynamic algorithms capable of evolving in tandem with emerging fraud patterns. The guarantee component further separates it from competitors, offering an added layer of security that directly aligns with the interests of merchants. This differentiation is anchored in a deep understanding of both ecommerce operations and the broader challenges of financial fraud, ensuring that Riskified remains at the forefront of its industry.
Expertise and Industry Impact
Underpinned by robust technology and a detailed understanding of online risk, Riskified continually enhances its platform to address the ever-changing landscape of ecommerce fraud. The firm’s integration of real-time data processing and sophisticated predictive models demonstrates a commitment to both innovation and reliability. These attributes have made Riskified a trusted partner for merchants globally, as it not only detects fraudulent behavior but also actively empowers brands to operate confidently in the digital marketplace.
Conclusion
In summary, Riskified Ltd stands out as an essential ecommerce fraud prevention service provider whose advanced machine learning and risk management solutions offer merchants full-spectrum protection against online fraud. Its comprehensive approach, centered around guaranteeing the legitimacy of transactions and mitigating chargeback risks, has positioned the company as a key player within the evolving digital commerce ecosystem. Through its detailed technological framework and customer-focused strategies, Riskified continually exemplifies the balance between innovation and operational integrity in the realm of ecommerce risk management.
Riskified (NYSE: RSKD), a leader in eCommerce fraud and risk intelligence, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the SEC. The report is accessible through the company's investor relations website at https://ir.riskified.com or the SEC's website at www.sec.gov.
Shareholders can request a free hard copy of the annual report containing audited consolidated financial statements by emailing ir@riskified.com or sending a written request to Riskified's New York office.
Riskified has launched Adaptive Checkout, an AI-powered fraud prevention solution designed to optimize ecommerce conversion rates by reducing false declines. The system intelligently adapts checkout flows based on transaction risk levels, identity shopping history, and data from Riskified's global merchant network.
Unlike traditional binary approve/decline systems, Adaptive Checkout customizes the checkout process by selectively applying additional security measures like CVV verification, One-Time Passwords, or 3DS routing for higher-risk orders. The solution also screens fraud before issuer authorization and provides enriched order data to partnering issuers.
In a case study, online marketplace TickPick implemented the solution and recovered up to $3 million in incremental revenue that would have otherwise been declined due to fraud risk.
Riskified (NYSE: RSKD) reported strong financial results for Q4 and FY 2024, exceeding revenue guidance and achieving its first full year of positive Adjusted EBITDA. The company expanded its business across multiple verticals and geographies, with significant growth in Fashion & Luxury Goods and Tickets & Travel sectors.
Key achievements include:
- 90% year-over-year growth in revenue outside core Chargeback Guarantee product
- 70% increase in new business contracts valued at $1M+ annually
- Repurchased 27.0M shares for $141.1M
- Achieved positive free cash flow of $39.1M for 2024
- Ended 2024 with $376.1M cash and zero debt
For 2025, Riskified projects revenue between $333M-$346M and Adjusted EBITDA between $18M-$26M. The company also launched Adaptive Checkout, an AI-powered fraud prevention solution, and partnered with Apriss Retail to address omnichannel fraud challenges.
Riskified (NYSE:RSKD) announced the global expansion of its premier fraud and risk intelligence summit, Ascend 2025, which will now be held in six major cities worldwide: New York City, London, Melbourne, Shanghai, Tokyo, and São Paulo. Previously exclusive to the United States, the summit aims to provide merchants with regional strategies to combat fraud and drive growth.
The event will feature notable speakers including executives from Booking.com, Macy's, Louis Vuitton, Wolfe, and Appriss Retail. The summit schedule spans from March to September 2025, with confirmed dates for London (March 31-April 1), Shanghai (April 24), and New York City (June 16-17). Registration is currently open for these three locations, with other venues to follow. The event is sponsored by Mastercard, Appriss Retail, Primer, IXOPAY, and Optimized Payments.
Riskified (NYSE: RSKD), an ecommerce fraud and risk intelligence company, has announced it will release its fourth quarter and full-year 2024 financial results before market opens on March 5, 2025. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss business and financial results.
Participants can access the conference call via telephone by registering through a provided link and are encouraged to dial in fifteen minutes before the scheduled start time. A live and archived webcast will be available through the 'Events & Presentations' section of Riskified's Investor Relations website.
Riskified (NYSE:RSKD) and Appriss Retail have announced a strategic partnership to combat omnichannel fraud and abuse in retail. The collaboration integrates comprehensive data on consumer shopping patterns across both physical stores and online platforms, providing real-time protection from checkout to post-fulfillment.
The partnership addresses the significant challenge of returns fraud, which accounts for over $100 billion in losses for retailers. By combining their data and expertise, the companies aim to deliver enhanced fraud prevention capabilities across all channels. According to research commissioned by Riskified, returns, refunds, and exchanges cost retailers $394 billion in key ecommerce markets, with only 30% of merchants having implemented strategies to prevent fraudulent returns.
The solution offers key benefits including omnichannel protection, a 360-degree view of customer identity and shopping patterns, and improved customer experience while maintaining robust fraud prevention policies.
Riskified (NYSE: RSKD) announces participation in International Fraud Awareness Week (November 17-23, 2024) to combat ecommerce fraud. Recent reports show $3.1 billion lost to fraud between January 2022 and September 2023, with online payment fraud losses projected to exceed $362 billion globally from 2023 to 2028.
The company launches a Times Square billboard campaign featuring the 'Safest Brands in Ecommerce,' including major retailers like Macy's, Prada, and Booking.com. This initiative, supported by partners including AWS, Deloitte, and Mastercard, aims to highlight brands prioritizing customer protection against fraud. Riskified.com/FraudWeek offers resources including articles, research studies, and merchant success stories.
Riskified (NYSE: RSKD) reported strong Q3 2024 results with significant improvements in financial metrics. Revenue increased 10% year-over-year to $78.8 million, while GMV grew 17% to $34.7 billion. The company achieved record quarterly free cash flow of $13.9 million and improved GAAP gross profit margin to 49%. Notable achievements include winning their largest Policy Protect deal worth $2 million in Annual Contract Value and expanding in the Tickets and Live Events sector. The Board authorized an additional $75 million share repurchase program, with approximately $85 million total authorization outstanding. The company improved its FY 2024 guidance, expecting revenue between $322-327 million and Adjusted EBITDA of $14-20 million.
Riskified's new research reveals a significant shift in ecommerce return and refund policies due to increasing fraud and policy abuse. The study, covering seven major markets, shows that returns, refunds, and exchanges cost retailers $394 billion, with at least $28 billion impacted by fraud and abuse. 84% of merchants find abuse harder to detect, driven by Dark Web 'fraud-as-a-service' groups and malicious GenAI tools.
As a result, retailers are tightening their policies: one-third now charge return fees, another third offer exchange-only or store credit-only policies, and two in five allow just seven days to file claims. However, only 30% of merchants have implemented strategies to prevent fraudulent returns and refunds. Riskified (NYSE:RSKD) suggests adopting identity-based technology approaches to balance customer experience with fraud prevention.
Riskified (NYSE: RSKD), a leading ecommerce fraud and risk intelligence company, has announced its participation in two upcoming conferences. Management will present and host investor meetings at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 10th at 11:50 AM ET. A live and archived webcast of the presentation will be available on the company's Investor Relations website.
Additionally, Riskified's management team will host in-person investor meetings at the Piper Sandler Growth Frontiers Conference in Nashville on September 11th. These conferences provide opportunities for investors to gain insights into Riskified's operations and future plans.
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