Riskified (RSKD) Barclays 15th Annual Emerging Payments and FinTech Forum summary

Business overview and value proposition

• Originated as an AI-driven solution for e-commerce payment fraud, expanding to policy abuse, chargeback management, and account security over the past three years.

• Merchants face challenges with online fraud, policy abuse, and chargebacks, often requiring advanced cybersecurity, big data, and machine learning.

• Solutions deliver ROI through cost reduction (up to 30%) and increased approval rates (about 8%) for top customers.

• Enhanced customer experience by enabling faster fund transfers and improved transaction acceptance.

Go-to-market strategy and customer base

• Focuses on enterprise clients, especially those with $1B+ in revenue, and works with over 50 publicly traded companies.

• Recent growth in Latam and APAC regions, with regional offices in China, Australia, Brazil, and Mexico.

• Plans to target mid-market and SMB segments in upcoming quarters.

Fraud trends and industry dynamics

• Noted a recent increase in sophisticated fraud, including AI-driven attacks and remote desktop takeovers.

• Sophisticated fraud drives demand for advanced solutions, with a growing pipeline at record levels.

• E-commerce growth and frictionless flows increase fraud risk, while law enforcement remains limited.