Riskified is the 2022 Judges Choice Best Antifraud Solution Managed Solution

Best Antifraud Solution—Managed Solutions

riskified-logo-featureRiskified earned the Judges Choice award in the Best Antifraud solution – Managed Solution category at the 2022 CNP Awards. One of seven first-time winners in this year’s edition of the CNP Awards, Riskified has offered a managed antifraud solution to e-commerce merchants for nine years. Founded in Israel, the firm is now headquartered in New York City and debuted as a publicly traded company in 2021.

Riskified was one of the first e-commerce fraud solutions to incorporate machine learning into its platform and, while it focuses on enterprises, it serves midmarket and small merchants as well.

“Using this machine learning platform, we’re able to provide our merchants with guaranteed performance levels that are significantly unconstrained by risk,” the company said. “We provide guaranteed minimum approval rates for each online order, which allows our merchants to maximize the conversion of incoming orders into successful sales. We also absorb the costs of fraudulent sales, so merchants do not need to worry about making the wrong decision. All of this translates to superior financial outcomes and significant cost savings for our merchants. Some of our merchants have seen an over 20% increase in sales approvals and over 60% reduction in fraud-related costs.”

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