Riskified Ltd. - RSKD STOCK NEWS

Riskified (NYSE:RSKD) has announced its integration with the SAP Commerce Cloud, enhancing access to its fraud prevention services for merchants. Partnering with EPAM Systems, a recognized digital transformation firm, Riskified simplifies integration, which reduces costs for eCommerce merchants.

This strategic move expands Riskified's reach across major platforms and supports merchants in combating fraud and chargebacks effectively. The integration demonstrates Riskified's commitment to providing advanced risk management solutions and improving the eCommerce experience.

Riskified Ltd. (NYSE: RSKD) announced participation in the Credit Suisse 26th Annual Technology Conference, taking place on November 29, 2022. CEO Eido Gal will host a fireside chat at 3:40 PM ET in Scottsdale, Arizona. The event aims to highlight Riskified's fraud management platform, enhancing eCommerce by ensuring safety and reducing operational costs through advanced machine learning. A live webcast will be available on the company's Investor Relations website.

Riskified Ltd. (NYSE: RSKD) reports robust financial results for Q3 2022, showcasing a 20% revenue increase to $63.2 million, driven by a 21% rise in gross merchandise volume to $25.3 billion. The company has raised its full-year revenue guidance to between $257 million and $261 million, alongside an improved Adjusted EBITDA outlook. Strong growth in upsell activity, particularly from larger merchants, and enhanced leadership in the tickets and travel vertical were highlighted. Despite net losses, the firm expects a profitable trajectory heading into Q4 2022.

Riskified Ltd. (NYSE: RSKD) is set to announce its third quarter 2022 financial results before market opening on November 9, 2022. The management team will hold a conference call and webcast at 8:30 a.m. ET to discuss the company's performance and business updates. The event can be accessed via a registration link or through their Investor Relations website at riskified.com.

Riskified Ltd. (NYSE:RSKD) has partnered with Aurus, Inc. to enhance payment management for merchants. This collaboration allows AurusPay users to leverage Riskified’s machine-learning risk management solution, ensuring a full chargeback guarantee. A Forrester TEI study highlighted that clients using Riskified have realized $71.3 million in benefits, including $13.1 million in chargeback savings over three years. Both companies aim to streamline payment processes while reducing fraud and operational costs.

Riskified Ltd. (NYSE: RSKD) reported strong financial results for the first half of 2022, achieving record revenues and gross merchandise volume (GMV) of $59.9 million and $25.4 billion, respectively. The company raised its full-year revenue guidance to between $255 million and $258 million, while improving its Adjusted EBITDA outlook by 18%. Key highlights include the appointment of Ravi Kumaraswami as President of Worldwide Field Operations and strong growth in the Tickets and Travel sector, indicating resilience in a challenging economic environment.

Riskified Ltd. (NYSE: RSKD) will announce its second quarter 2022 financial results before the market opens on August 10, 2022. The company has scheduled a conference call at 8:30 a.m. ET on the same day to discuss its business and financial performance. Riskified focuses on fraud management in eCommerce, leveraging machine learning to enhance merchant sales while minimizing fraud risks. Investors can listen to the call through a live webcast accessible on the company's Investor Relations website.

Riskified (NYSE: RSKD) has strengthened its partnership with Axerve to offer PSD2 Optimize, enhancing payment solutions for online merchants. KIKO Milano, a key client, reported a 99% exemption rate from Strong Customer Authentication and a 10% increase in transaction approval rates. The PSD2 regulations have added complexity to eCommerce, leading to higher cart abandonment rates. Riskified's machine learning solutions help mitigate these challenges by ensuring a frictionless payment experience while maintaining compliance.

Riskified (NYSE: RSKD) has partnered with Kogan.com, Australia's largest online retailer, to enhance operational efficiency and customer security through machine learning solutions. This collaboration aims to improve fraud protection and deliver a better shopping experience for Kogan's customers. Kogan.com emphasizes its commitment to digital efficiency and competitive pricing as it leverages Riskified's advanced platform to drive growth. Riskified serves over 400 million shoppers globally, focusing on risk management and improved sales for online merchants.