Riskified, Inc. a fraud management platform enabling frictionless eCommerce, has revealed an exclusive arrangement with Novatti Group, a leading digital payments firm that enables businesses to pay and be paid.
Using Riskified’s Chargeback Guarantee technology, Novatti is the first and only online card processor in the Asia Pacific region that guarantees one hundred percent protection against fraudulent chargebacks to businesses.
Novatti provides cross-border payments, digital wallets, and vouchers for a worldwide customer base. With Riskified, Novatti’s businesses can now move liability around payments away from them, lowering risk, reducing operational costs, boosting revenue, and expanding globally without fear of fraud.
Kian Jackson, General Manager, Merchant Acquiring at Novatti says “We are delighted to be partnering with Riskified and to bring their insights and experience in fraud prevention to our community.”
“Thanks to Riskified’s leading fraud prevention technology, we are now able to assist our eCommerce businesses who are facing high volumes of chargebacks and low approval rates due to the friction caused by legacy fraud solutions.”
“Our APAC businesses can reduce fraud costs and achieve higher approval rates as a result of this partnership, putting them in a better position to confront challenges without risk.” said Jackson
Tasneen Padiath, Riskified’s General Manager and VP Sales, APAC says “We are incredibly excited to partner with an established FinTech player such as Novatti to enable businesses to maximise their online sales and provide a superior customer experience while digitally transforming their companies,”
“Riskified is there to help eCommerce businesses scale, as they face a variety of issues, including cross-border expansion complexities and continuously evolving fraud patterns.” says Padiath
Riskified is a machine learning platform that uses a global merchant network to provide risk-based decisioning throughout the customer journey, reducing fraud and increasing net revenue for eCommerce merchants.
Over 400 million shoppers across over 180 countries are served, and more than 100 data points are captured per transaction.
Novatti incorporated Riskified’s Chargeback Guarantee into their payment platform which results in a unique and compelling offering for businesses who are now better armed to grow their online eCommerce presence.
