Riskified Ltd - RSKD STOCK NEWS

Riskified partners with iHerb to enhance fraud detection and streamline manual review processes. iHerb, a global leader in ecommerce, will leverage Riskified's platform to improve approval rates, minimize fraud losses, and predict revenues. With Riskified's machine learning platform, only 1.5% of transactions require manual review, a reduction of over 90%. iHerb also benefits from Riskified's Chargeback Guarantee product, ensuring a 99%+ approval rate and protecting profits.

Riskified Ltd. (NYSE: RSKD) has announced it will release its first quarter 2023 financial results on May 17, 2023, prior to market opening. A conference call is scheduled at 8:30 a.m. ET for management to discuss the results. Investors can join via telephone by registering through a provided link, ensuring they dial in 15 minutes early to avoid delays. A live and archived webcast will also be available on the company's Investor Relations website.

Riskified specializes in eCommerce fraud and risk intelligence, partnering with major brands to enhance revenues and mitigate risks through data analytics and machine learning.

Riskified (NYSE:RSKD), a leader in eCommerce risk intelligence, has partnered with Deloitte to launch an innovative benchmarking service for merchants. This service aims to provide real-time insights on chargebacks, approval rates, and fraud costs, allowing retailers to assess their operational efficiency. The offering leverages Riskified's analysis of over 2.5 billion transactions and Deloitte's expertise in payment fraud advisory.

Key metrics analyzed include approval rates, fraud losses, and chargebacks across various industries such as fashion and travel. The service is currently available via Deloitte Canada, with plans for future regional expansion. This collaboration seeks to enhance profitability for merchants by optimizing transaction metrics and reducing fraud-related losses.

Riskified (NYSE: RSKD) has appointed Jeff Otto as the new Chief Marketing Officer, effective immediately. Otto, a seasoned marketing leader with over 20 years of experience from Salesforce and Marqeta, will develop a global marketing strategy aimed at enhancing brand presence and accelerating demand for Riskified’s product offerings. CEO Eido Gal expressed confidence in Otto's ability to bolster the company’s growth while addressing eCommerce challenges, especially in fraud protection and profitability. Riskified provides risk intelligence solutions to help merchants combat fraud and chargebacks, enhancing their revenue potential.

Riskified Ltd. (NYSE: RSKD) announced a partnership with Gametime, a ticket marketplace, implementing Riskified’s Chargeback Guarantee solution. This collaboration has led to a 1.5% increase in transaction success rates and an eight-point rise in Gametime's Net Promoter Score, indicating enhanced customer satisfaction. Gametime faced unique fraud challenges in the ticketing sector and benefited from Riskified's machine-learning platform, which improved fraud detection and streamlined the purchasing process. The partnership aims to balance fraud prevention while enhancing the customer experience, aligning with Gametime's growth objectives.