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.
Riskified Ltd. reports developments in ecommerce fraud and risk intelligence, centered on an AI-powered platform that analyzes identity signals behind online interactions for real-time merchant decisions. Its updates commonly cover Chargeback Guarantee, Policy Protect, Dispute Resolve, Account Secure, and tools such as Riskified ARIA, Identity Explore, and Decision Studio.
Riskified news also includes merchant and payments partnerships, integrations for Shopify brands, airline and travel payment use cases, research on AI-driven commerce and fraud concerns, financial results announcements, investor conference participation, and board governance changes.
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.
Riskified Ltd. (NYSE: RSKD) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022. The report is accessible through the company's investor relations website and on the SEC's website. Shareholders can request a hard copy of the report, including audited consolidated financial statements, free of charge. This filing underlines Riskified's commitment to transparency and offers insights into its financial health and operations in eCommerce fraud and risk intelligence.
Riskified Ltd. (NYSE: RSKD) has announced its financial results for Q4 and full year 2022, showing a 14% year-over-year revenue increase to $261.2 million. The company reported an operating loss of $108.6 million but improved cash flow by approximately 70%. Riskified ended 2022 with $483 million in cash and no debt. The company is optimistic about 2023, projecting revenue between $297 million and $303 million and a significant reduction in Adjusted EBITDA losses. The firm aims for profitability by strategically investing in technology and optimizing its expense base.
Riskified (NYSE: RSKD) has established a new entity in Tokyo, appointing Anthony Guercio as Country Manager to enhance its eCommerce fraud prevention services in Japan. The market, valued at USD 177.5 billion, faces challenges with a 43% year-over-year increase in fraud due to stolen credit cards. Riskified's platform aids merchants by providing real-time fraud decisioning to increase approval rates. Noteworthy clients include DMM.com, which has adopted Riskified’s Chargeback Guarantee. The company will also participate in the eCommerce Fair Tokyo 2023 on February 9 and 10.
Riskified Ltd. (NYSE: RSKD) announced that it will release its fourth quarter and full-year 2022 financial results on February 23, 2023, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results and company performance. This presentation is crucial for investors as Riskified focuses on eCommerce fraud and risk intelligence, providing insights into financial progress and strategic direction. The webcast will be accessible on the Company's Investor Relations website.
Riskified (NYSE: RSKD), a leader in eCommerce risk intelligence, has unveiled 'Identity Explore', a new feature enhancing its Policy Protect product. This innovation allows merchants to visualize customer identities, tailoring experiences and policy decisions. After refining its fraud prevention technology for a decade, Riskified's Policy Protect uses machine learning to combat policy abuse, resulting in significant cost savings for retailers. Notably, leading merchants have reported a 15x increase in thwarting policy-related abuses and 70% savings on promotion budgets. The introduction signifies Riskified's commitment to empowering merchants while minimizing losses.
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.