ICTS Protiviti, a consulting firm specializing in governance, risk and compliance, is expanding its ecosystem of anti-fraud solutions for e-commerce by joining forces with Riskified, a fraud management platform used by global retailers.
The use of technology makes it possible to increase sales approval rates, besides guaranteeing the refund of chargebacks generated by the solution.
The platform is provided in the Software-as-a-Service (SaaS) model and operates in a fully automated way, that has no need for manual revisions. It works with various data sources, such as behavioral biometrics, device analytics and social media data.
Rodrigo Castro, Executive Director of Partnerships and Innovation, ICTS Protiviti, said: “Riskified challenges itself to increase the sales by charging only for approved transactions and, at the other end, guarantee chargeback.”
Through the partnership, ICTS Protiviti seeks to offer customers state-of-the-art technology that is used among the top 10 global retailers.
As it is fully automated, the technology reduces order approval time and end-customer purchasing conflicts.
Fernando Fleider, CEO, ICTS Protiviti, said: “We are a recognized risk management and prevention consulting firm, and providing innovative solutions like Riskified to our clients is an enabler for us to deliver end-to-end solutions.”