Riskified reports earnings as online fraud fighting turns to AI

Riskified is reporting earnings, and investors are watching for one thing in particular: how artificial intelligence is changing the way online stores fight fraud. The company sells software that helps shops spot fake orders and bad payments before they cost money.

What Riskified does

When someone places an order online, a store has to decide fast whether it is real. Riskified makes software that helps with that call. It looks for orders and payments that appear fraudulent so the store can act on them.

Why AI is part of the story

Fraud prevention is turning to AI, and this earnings report is seen as a chance to learn more about that shift. The material available does not include the company's results, its figures or any statements from its leaders. Those details are not known yet.

Who it affects

Any shop that loses money to fake orders is touched by this. So is any shop that has turned away a real customer by mistake because a card was wrongly declined. Both problems cost sales, and both are what tools like this aim to reduce.

• Fewer chargebacks, which are payments taken back after a sale, could mean less lost money.
• Fewer wrongful declines could mean fewer good customers turned away.

What happens next

Once the report is out, the numbers and any comments from the company should show how much AI is shaping its work. Until then, there is no way to say whether the tools are working better for stores or by how much.