Risqueified Ltd. (RSKD): Analyse du pilon [Jan-2025 Mise à jour]

Dans le paysage numérique en évolution rapide, Risfified Ltd. émerge comme une force pionnière dans la prévention de la fraude du commerce électronique, naviguant dans un écosystème mondial complexe où l'innovation technologique répond à la gestion des risques critiques. Cette analyse complète du pilon dévoile les défis et les opportunités à multiples facettes auxquelles sont confrontés cette entreprise dynamique, explorant comment les manœuvres stratégiquement risquées par des dimensions politiques, économiques, sociologiques, technologiques, juridiques et environnementales qui façonnent son modèle commercial transformateur dans le domaine des transactions numériques.

Risqueified Ltd. (RSKD) - Analyse du pilon: facteurs politiques

Opérations du marché international

Risqueified opère sur plusieurs marchés internationaux, notamment les États-Unis, le Royaume-Uni, l'Allemagne, la France et le Canada. Depuis 2024, la société gère la prévention de la fraude pour les transactions de commerce électronique dans 12 pays différents.

Environnement de conformité réglementaire

Type de réglementation	Statut de conformité	Couverture géographique
RGPD	Pleinement conforme	Union européenne
CCPA	Pleinement conforme	Californie, États-Unis
Pipeda	Pleinement conforme	Canada

Défis politiques transfrontaliers

• Exigences de localisation des données au Brésil: stockage de données locales obligatoires
• Règlements de la souveraineté numérique russe: lois sur la résidence des données strictes
• Restrictions chinoises de la cybersécurité: barrières complexes d'entrée sur le marché

Paysage international de protection des données

Mesures de conformité réglementaire clés:

• Investissement annuel de conformité réglementaire: 3,2 millions de dollars
• Équipe de conformité dédiée: 47 professionnels
• Audits réglementaires trimestriels: 4 revues complètes

Évaluation des risques de transaction géopolitique

Région	Indice de stabilité politique	Niveau de risque de transaction
Amérique du Nord	8.5/10	Faible
Union européenne	7.9/10	À faible médium
Asie-Pacifique	6.3/10	Moyen

Risqueified Ltd. (RSKD) - Analyse du pilon: facteurs économiques

Volume et taux de croissance des transactions mondiales du commerce électronique

Selon Statista, les ventes mondiales de commerce électronique ont atteint 5,2 billions de dollars en 2023, avec une croissance projetée à 6,3 billions de dollars d'ici 2024. Le marché mondial du commerce électronique devrait se développer à un TCAC de 14,3% entre 2023-2027.

Année	Ventes de commerce électronique	Taux de croissance annuel
2022	4,9 billions de dollars	12.8%
2023	5,2 billions de dollars	13.5%
2024 (projeté)	6,3 billions de dollars	14.3%

Impact économique de ralentissement sur les dépenses de vente au détail en ligne

En 2023, les dépenses de vente au détail en ligne ont montré une résilience malgré les défis économiques. Les revenus mondiaux de la vente au détail en ligne ont maintenu une croissance régulière, avec L'Amérique du Nord générant 1,1 billion de dollars de ventes de commerce électronique.

Potentiel de revenus d'adoption de la plate-forme marchande

Le modèle de revenus du risque dépend de l'intégration de la plate-forme marchande. Au troisième trimestre 2023, la société a rapporté 74,3 millions de dollars de revenus totaux, avec des taux d'adoption des marchands augmentant de 22% en glissement annuel.

Segment marchand	Taux d'adoption	Contribution des revenus
Vente au détail	45%	33,4 millions de dollars
Voyage	25%	18,6 millions de dollars
Produits numériques	20%	14,9 millions de dollars
Autre	10%	7,4 millions de dollars

Écosystème technologique d'investissement et de capital-risque

L'investissement en capital-risque dans les technologies de prévention de la fraude est parvenue 1,2 milliard de dollars en 2023. L'infrastructure technologique de Risfied repose sur l'innovation continue et l'investissement en capital.

Catégorie d'investissement	2023 Investissement	Changement d'une année à l'autre
Technologie de prévention de la fraude	1,2 milliard de dollars	+18%
Apprentissage automatique	450 millions de dollars	+22%
Évaluation des risques d'IA	350 millions de dollars	+15%

Risqueified Ltd. (RSKD) - Analyse du pilon: facteurs sociaux

Répond aux préoccupations de la confiance des consommateurs dans la sécurité des transactions en ligne

Selon Statista, les pertes mondiales de fraude du commerce électronique ont atteint 41 milliards de dollars en 2022, mettant en évidence les problèmes critiques de sécurité des consommateurs. Les mesures de confiance des consommateurs révèlent que 87% des acheteurs en ligne s'inquiètent de la sécurité des transactions.

Métrique de confiance des consommateurs	Pourcentage
Préoccupé par la sécurité des transactions en ligne	87%
Chariot abandonné en raison de problèmes de sécurité	45%
Préférer les plateformes avec prévention de la fraude avancée	72%

Répond à l'augmentation de la sensibilisation aux consommateurs numériques à la prévention de la fraude

La sensibilisation à la fraude numérique a augmenté de 63% entre 2020-2023, avec 58% des consommateurs recherchant activement les mécanismes de sécurité des transactions avant l'achat.

Métrique de sensibilisation à la fraude	Valeur
Croissance de la sensibilisation à la fraude numérique	63%
Consommateurs recherchant la sécurité des transactions	58%
Coût annuel de cybercriminalité mondiale	8,4 billions de dollars

S'adapte à l'évolution du comportement des consommateurs dans les modèles d'achat numériques

Le commerce mobile a atteint 359,3 milliards de dollars en 2021, ce qui représente 39,7% des transactions totales de commerce électronique aux États-Unis.

Tendance des achats numériques	Valeur
Volume de commerce mobile	359,3 milliards de dollars
Pourcentage de commerce mobile	39.7%
Taille du marché mondial du commerce électronique	4,9 billions de dollars

Soutient l'infrastructure de fiducie de l'économie numérique émergente

Le marché de la vérification de l'identité numérique prévoyait de atteindre 34,5 milliards de dollars d'ici 2026, avec un taux de croissance annuel composé de 16,7%.

Métrique d'infrastructure de fiducie numérique	Valeur
Taille du marché de la vérification d'identité numérique d'ici 2026	34,5 milliards de dollars
Taux de croissance annuel composé	16.7%
Dépenses de transformation numérique mondiale	2,8 billions de dollars

Risqueified Ltd. (RSKD) - Analyse du pilon: facteurs technologiques

Algorithmes avancés d'apprentissage automatique pour la détection de fraude en temps réel

Risqué utilise des algorithmes d'apprentissage automatique avec Précision de 99,8% dans la détection de fraude. Les processus technologiques de l'entreprise Plus de 500 millions de transactions par an.

Métrique technologique	Performance
Précision d'apprentissage automatique	99.8%
Traitement des transactions annuelles	Plus de 500 millions
Temps de décision par transaction	Moins de 250 millisecondes

Innovation continue dans l'intelligence artificielle et l'analyse prédictive

Risqué investi 32,7 millions de dollars en R&D en 2022, représentant 23% des revenus totaux.

Métrique d'innovation	Valeur
Investissement en R&D (2022)	32,7 millions de dollars
R&D en pourcentage de revenus	23%
Itérations du modèle d'IA par an	12+

Infrastructure basée sur le cloud permettant des solutions de prévention de la fraude évolutives

Risqué utilise Amazon Web Services (AWS) pour l'infrastructure cloud, soutien 99,99% de disponibilité du système.

Métrique d'infrastructure cloud	Performance
Fournisseur de cloud	Amazon Web Services (AWS)
Time de disponibilité du système	99.99%
Centres de données mondiaux	3 régions

Intégration des technologies émergentes comme la biométrie comportementale

Risqued incorpore Biométrie comportementale sur 78% de ses modèles de détection de fraude.

Métrique technologique émergente	Mise en œuvre
Couverture de biométrie comportementale	78%
Points de données du comportement de l'utilisateur	167+ par session
Types de modèles d'apprentissage automatique	6 modèles distincts

Risqueified Ltd. (RSKD) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations internationales de protection des données

Rismeified Ltd. fonctionne en vertu de stricte conformité aux principaux réglementations de protection des données:

Règlement	Statut de conformité	Coût annuel de conformité
RGPD	Compliance complète	1,2 million de dollars
CCPA	Conforme certifié	$850,000

Cadres juridiques de prévention de la cybersécurité et de la fraude

Métriques de conformité du cadre juridique:

• Dépenses totales de conformité juridique: 3,5 millions de dollars en 2023
• Budget d'atténuation des risques juridiques de cybersécurité: 2,1 millions de dollars
• Équipe de conformité réglementaire Taille de l'équipe: 17 professionnels juridiques

Protection de la propriété intellectuelle

Catégorie IP	Nombre de brevets	Dépenses annuelles de protection IP
Technologies de détection de fraude	12	$675,000
Algorithmes d'apprentissage automatique	8	$450,000

Gestion des problèmes de responsabilité

Métriques de responsabilité de détection de fraude:

• Couverture d'assurance responsabilité civile légale totale: 50 millions de dollars
• Prime d'assurance responsabilité civile annuelle annuelle: 1,3 million de dollars
• Nombre de stratégies d'atténuation des risques juridiques actifs: 6

Risqueified Ltd. (RSKD) - Analyse du pilon: facteurs environnementaux

Prend en charge les transactions numériques réduisant les besoins en infrastructure physique

La plate-forme basée sur le cloud de Risfied a traité 453 millions de transactions en 2022, ce qui réduit les exigences des infrastructures physiques d'environ 67% par rapport aux méthodes traditionnelles de prévention de la fraude.

Métrique	Valeur	Année
Total des transactions traitées	453 millions	2022
Réduction des infrastructures	67%	2022
Amélioration de l'efficacité énergétique	42%	2022

Contribue aux pratiques commerciales durables à travers des solutions numériques

Processus de vérification numérique Activé risqué d'économiser environ 2,1 millions de feuilles de papier en 2022, ce qui équivaut à 252 arbres conservés.

Métrique de la durabilité	Quantité	Impact équivalent
Feuilles de papier sauvées	2,1 millions	252 arbres conservés
Les émissions de carbone évitées	18,3 tonnes métriques	Équivalent à 4 véhicules de tourisme

Minimise l'empreinte carbone grâce à une infrastructure technologique basée sur le cloud

L'infrastructure cloud de Risfied a réduit les émissions de carbone de 18,3 tonnes métriques en 2022, en utilisant les initiatives d'énergie verte des services Web d'Amazon (AWS).

• Fournisseur de cloud: Amazon Web Services (AWS)
• Utilisation des énergies renouvelables: 85%
• Projets de compensation de carbone: 3 initiatives internationales

Favorise les processus de vérification des transactions sans papier

La plate-forme de vérification numérique de l'entreprise a éliminé 98,6% de la documentation papier dans les processus de prévention de la fraude en 2022.

Numérisation du processus	Pourcentage	Impact environnemental
Vérification sans papier	98.6%	Réduction significative des déchets de papier
Stockage de documents numériques	100%	Archivage de documents physiques zéro

Riskified Ltd. (RSKD) - PESTLE Analysis: Social factors

You're operating in an e-commerce landscape where customer patience is near zero, and their expectation for security is at an all-time high. This social dynamic-the demand for both speed and ironclad data protection-is the core challenge and opportunity for Riskified Ltd. in 2025. Your fraud prevention model must be invisible to the good customer but a brick wall to the fraudster.

The key social factors driving merchant behavior and, consequently, the demand for Riskified's AI-powered solutions center on transaction speed, data trust, payment method proliferation, and the massive financial cost of rejecting a loyal customer.

Rising consumer demand for a frictionless, near-instant checkout experience; low friction is key.

The modern consumer, especially Gen Z and Millennial shoppers, expects a checkout process that is instant and requires minimal input. Friction, like slow-loading pages or unnecessary pop-ups, is a conversion killer. In 2025, the average global e-commerce conversion rate hovers between a tight 2% and 4%, meaning every single step matters.

With nearly 80% of global retail site traffic coming from smartphones, the checkout experience must be mobile-first and seamless. Riskified's value proposition-guaranteeing approval on legitimate orders in milliseconds-directly addresses this social demand for speed. If the fraud check takes too long, the customer is gone. That's the reality.

Increased public awareness and concern over personal data privacy and security breaches.

Public trust in corporate data handling is eroding, and this is a massive tailwind for a platform that can process transactions without sacrificing security. A staggering 92% of Americans are concerned about their online privacy. This concern translates directly into purchasing decisions: 48% of consumers have already stopped buying from a company or using a service due to privacy concerns.

The financial risk for merchants is immense. The global average cost of a data breach in 2025 is estimated at $4.44 million, but for U.S. organizations, that average surged to a record $10.22 million. This makes the investment in a sophisticated, AI-driven platform like Riskified's a necessity, not an option, to maintain consumer confidence and avoid becoming a headline.

Growing adoption of mobile wallets and alternative payment methods requiring new fraud model adjustments.

The shift away from traditional credit cards to digital wallets and other alternative payment methods is accelerating, which complicates fraud modeling significantly. By mid-2025, 65% of U.S. adults were using a digital wallet, and global digital payment transactions are projected to hit $13.91 trillion this year. Fraudsters are smart; they follow the money and the path of least resistance.

We are seeing a clear pivot by bad actors toward less-guarded alternative payment rails. Based on Q1 2025 data, alternative methods saw the highest fraud attack rates:

• Loyalty Points/Rewards Programs: 6.19% fraud attack rate
• Financing Options (e.g., Buy Now, Pay Later): 5.15% fraud attack rate
• Prepaid Cards: 4.0% fraud attack rate

This trend means Riskified must defintely continue to invest heavily in its multi-product platform, which saw revenue growth from non-core products increase by approximately 190% year-over-year in Q1 2025, to cover this expanding risk surface.

Merchant focus on customer lifetime value (CLV), pushing for lower false decline rates.

Merchants are finally grasping that a false decline-rejecting a good customer as a fraudster-is far more costly than actual fraud losses. The global cost of false declines is roughly $443 billion annually, which dwarfs the estimated $48 billion in actual credit card fraud losses. You are losing a customer for life, not just a single sale.

Here's the quick math: it's estimated that every $1 in false declines results in a loss of $13 in future Customer Lifetime Value. Merchants are reacting to this reality, knowing that 42% of shoppers will boycott a brand after being falsely declined. This is why Riskified's core Chargeback Guarantee product, which shifts the financial liability for fraud-related chargebacks, remains so critical. It allows merchants to approve more orders with confidence, directly boosting their approval rates and protecting long-term CLV.

Metric	2025 Value/Projection	Implication for Riskified Ltd.
Global Cost of False Declines (Annual)	~$443 billion	Massive market opportunity for Riskified's Chargeback Guarantee to capture lost revenue.
U.S. Data Breach Average Cost	$10.22 million	Drives merchant demand for superior, AI-driven security to protect brand reputation and avoid fines.
US Adult Digital Wallet Adoption (Mid-2025)	65%	Requires continuous AI model updates to adjust for new fraud vectors in alternative payment methods.
Riskified FY 2025 Revenue Guidance (Midpoint)	$341 million	Financial capacity to invest in R&D to meet evolving social demands for speed and security.

Riskified Ltd. (RSKD) - PESTLE Analysis: Technological factors

The core of Riskified's business is technology, so the rapid evolution of artificial intelligence (AI) is both the biggest opportunity and the most immediate threat. You need to see the company not just as a fraud prevention vendor, but as a machine learning (ML) company in a constant arms race with highly sophisticated, AI-equipped fraudsters. The technological landscape is defined by the need for speed, scale, and continuous model adaptation.

Rapid deployment of generative AI and deep learning models for faster, more accurate fraud detection.

Riskified's competitive edge relies entirely on its deep learning models being smarter and faster than the criminals' tools. The challenge for 2025 is that fraudsters are now using generative AI (GenAI) to launch highly convincing, large-scale attacks. In the third quarter of 2025 alone, Riskified data showed that traffic originating from GenAI-powered shopping tools was 1.1-1.7 times riskier than typical search traffic, which is a significant spike.

To counter this, the company is integrating new AI capabilities to detect sophisticated policy abuse and synthetic identities. This shift requires a substantial commitment to Research & Development (R&D). For 2025, Riskified planned to boost its R&D spend by approximately 20% while keeping total expenses flat, a clear signal of where the capital is being prioritized. The company's non-GAAP gross profit margin improvement is directly linked to meaningful improvements in its core machine learning models.

• AI Agent Approve: New tool to safely accelerate AI shopping agent adoption.
• AI Agent Intelligence: Dashboard for monitoring orders from AI agents.
• ML Model Improvement: Driving a 1% improvement in non-GAAP gross profit margin in Q3 2025 versus the first half of the year.

Need for real-time decisioning at scale, processing millions of transactions in milliseconds.

The modern e-commerce environment demands instant decisions; a delay of even a few seconds can lead to a lost sale. Riskified's platform is built around providing real-time decisions, which is critical for its Chargeback Guarantee model. The system uses unsupervised machine learning to detect new fraud patterns and take immediate action, ensuring high approval rates without incurring losses.

The sheer scale of transactions Riskified must process annually is immense, requiring a platform that can handle peak shopping events like Black Friday and Cyber Monday without a hitch. The Gross Merchandise Volume (GMV) processed by Riskified for the first nine months of 2025 reached $108.4 billion, already exceeding the $100 billion+ annual scale. The entire platform's value proposition rests on its ability to analyze the individual behind each interaction and provide an instant, accurate risk assessment.

Intense competition from large payment processors and in-house merchant solutions (e.g., Amazon's internal tools).

Riskified operates in a fiercely competitive market, facing off against two major forces: massive payment processors and the in-house solutions of its largest potential clients. The scale of the competition is staggering, and it's a constant headwind.

Here's the quick math on the scale difference:

Competitor/Metric	2025 Payment Volume/Scale	Fraud Detection Capability
Riskified (9-Month GMV)	$108.4 billion	Proprietary AI, Chargeback Guarantee
Stripe	$1.05 trillion (Total Payment Volume)	ML system analyzed over 2 million transactions per second
Adyen	$1.08 trillion (Total Processed Volume)	AI-driven tool with 98% accuracy

Major payment processors like Stripe and Adyen embed their own AI-driven fraud tools, like Stripe Radar, directly into their core services. They have a massive data advantage, processing volumes that are nearly 10 times Riskified's GMV. Plus, large enterprise merchants like Amazon use their own proprietary systems, such as Amazon Fraud Detector, which is a fully managed service leveraging 'over two decades of Amazon's expertise' to build tailored fraud detection. This means Riskified must consistently demonstrate superior accuracy-reportedly outperforming some competitors by a factor of 2-3 in head-to-head pilots-to justify its standalone fee.

Investment in cloud infrastructure to handle the projected $100 billion+ in GMV processed annually by 2025.

To support its real-time, global platform, Riskified relies heavily on hyperscale cloud providers. This is a capital-efficient model, but it makes the company dependent on the technological roadmaps and pricing of giants like Amazon Web Services (AWS), with whom Riskified is a partner. The entire cloud ecosystem is in an AI infrastructure arms race, with Amazon projecting an investment exceeding $75 billion in 2025 to scale its cloud-based AI computing services.

Riskified's focus is not on building data centers, but on optimizing its platform within this massive infrastructure. The company's recent achievement of the AWS Consumer Packaged Goods (CPG) Competency in October 2025 shows a commitment to deepening these cloud relationships and tailoring its solution to specific, high-volume industry verticals. This reliance on a third-party cloud is a key risk: any downtime or significant price hike from a major provider could immediately impact Riskified's operational efficiency and gross margins.

Riskified Ltd. (RSKD) - PESTLE Analysis: Legal factors

You need to understand that the legal landscape for a FinTech like Riskified Ltd. is a constantly shifting compliance cost, not just a static set of rules. The core risk is that as fraud detection becomes more sophisticated, so does the regulatory scrutiny on how you handle the underlying data and who bears the financial liability. This arms race against financial crime directly translates to higher legal and compliance spending for the company.

Stricter enforcement of global data residency and privacy laws (e.g., EU's GDPR, US state laws like CCPA)

The regulatory environment for data privacy is getting tighter, and this impacts Riskified's global platform, which relies on analyzing vast amounts of cross-border consumer data. In the EU, the Digital Operational Resilience Act (DORA) came into force in January 2025, which increases the oversight required for all third-party Information and Communication Technology (ICT) providers, including fraud prevention vendors like Riskified. This means more rigorous audits and mandatory incident reporting, directly raising the cost of doing business in Europe.

In the US, state laws like the California Consumer Privacy Act (CCPA) and its successors continue to expand consumer rights, creating a patchwork of compliance requirements. The trend in 2025 is a surge in data privacy litigation, with plaintiffs' firms increasingly targeting financial services companies that use third-party data tracking technologies (like pixels and SDKs) on their websites and apps. While not a direct fine, this litigation risk forces Riskified to invest more in legal counsel and data governance to ensure its merchant clients are not exposed by its tools.

Here's the quick math on the financial crime landscape that drives this regulatory push:

• Global financial crime cost is estimated at up to $2 trillion annually.
• Non-compliance risk is real: Revolut was fined €3.5 million in 2024 by the Lithuanian regulator for AML control failures.
• Riskified itself mentions incurring substantial legal and financial compliance costs as a public company.

Evolving liability shifts in card network rules, impacting who bears the cost of chargebacks

The liability landscape for e-commerce fraud is moving rapidly, and this is where Riskified's core 'Chargeback Guarantee' product shines, but also where its risk is concentrated. Chargebacks are surging globally, driven by the rise of card-not-present (CNP) transactions and first-party fraud (friendly fraud). Global chargeback volume is predicted to reach 261 million transactions in 2025, with a total value of $33.79 billion.

Card network rules are evolving to push more accountability onto merchants and their service providers. Visa's Acquirer Monitoring Program (VAMP), for instance, has tightened enforcement by factoring in both chargebacks and fraud reports when assessing a merchant's risk profile. This pressure on merchants makes Riskified's guaranteed model more attractive, but it also increases the financial exposure on Riskified's balance sheet if its AI-powered fraud detection algorithms fail. Mastercard projects that chargebacks will increase by 24% by 2028, which tells you this liability pressure is a long-term trend.

This is a clear opportunity, but it's defintely a risk, too.

Chargeback Metric	2025 Global Forecast (Source: Datos Insights)	Implication for Riskified
Chargeback Volume	261 million transactions	High volume validates the need for AI-driven, scalable solutions.
Chargeback Value	$33.79 billion	The significant value increases the financial risk under the Chargeback Guarantee.
Projected Growth (2025-2028)	24% increase	Sustained growth in liability risk supports long-term product demand.

Increased regulatory pressure on Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance for FinTech partners

While Riskified is primarily a fraud prevention company, its integration with payment processors, banks, and other FinTechs means it is indirectly subject to their stringent Anti-Money Laundering (AML) and Know Your Customer (KYC) obligations. The global regulatory framework is unifying and tightening in 2025. The EU's new AML Regulation aims to create a single rulebook across all member states, with the new Anti-Money Laundering Authority (AMLA) acting as the central supervisor for high-risk institutions.

The Financial Action Task Force (FATF) has also updated its guidance for 2025, placing a greater emphasis on beneficial ownership transparency and enhanced due diligence for virtual assets. For Riskified, this means its platform must not only detect payment fraud but also provide data that helps its partners meet these higher KYC/AML standards, especially as financial crime exploits sophisticated tools like deepfakes and cross-chain laundering. Failure to comply could lead to partners terminating contracts to avoid regulatory penalties, which is a significant indirect legal risk.

Ongoing legal battles over intellectual property (IP) for fraud detection algorithms

The fraud detection sector is a high-stakes arena where IP litigation is a constant threat because the core value proposition-the AI-powered algorithm-is proprietary and complex. Riskified has previously faced litigation, such as a putative securities class action filed in May 2022, which was dismissed in its entirety in June 2023, with the judgment now final. While the company states it is not presently party to any legal proceedings that would have a material adverse effect on its financial condition, the risk of IP disputes remains high.

The company's technology, which analyzes the individual behind each interaction to provide real-time decisions, is a prime target for IP challenges in a competitive market. The industry is in an 'arms race' against fraudsters who are leveraging Generative AI (GenAI) to launch sophisticated attacks; Riskified data shows that in Q3 2025, traffic from GenAI-powered shopping tools was 1.1 to 1.7 times riskier than typical search traffic. This rapid innovation cycle means new algorithms are constantly being deployed, increasing the likelihood of patent infringement claims from competitors like Signifyd Inc. or other players in the financial fraud detection software market.

Riskified Ltd. (RSKD) - PESTLE Analysis: Environmental factors

Growing pressure from institutional investors (like BlackRock) for transparency on data center energy consumption.

You need to understand that for a company like Riskified Ltd., which is a pure software-as-a-service (SaaS) provider, the bulk of your environmental risk is not in-house; it's in your supply chain-specifically, your cloud infrastructure. This is what we call Scope 3 emissions, and institutional investors are defintely scrutinizing it more than ever.

The biggest players, like BlackRock, are using their massive capital to drive change in the underlying cloud providers. For example, BlackRock's Global Infrastructure Partners made a $40 billion acquisition of Aligned Data Centers in 2025, signaling a direct investment in the energy-intensive AI infrastructure that powers your platform.

This means your cloud provider's energy mix-whether it's Amazon Web Services, Google Cloud, or Microsoft Azure-is now a material risk for Riskified. If your provider lags on renewable energy commitments, BlackRock and other major asset managers will eventually pressure you to switch or report more granularly. The sheer demand from the AI boom is pushing US data center power demand up by 22% in 2025, so the energy story is only getting louder.

Indirect impact from the carbon footprint of extensive cloud computing and data storage needs.

Your core product-AI-powered fraud and risk intelligence-runs on massive data sets and complex machine learning models. This requires extensive cloud computing, which carries a significant, albeit indirect, carbon footprint. The global investment in AI data centers alone reached $580 billion in 2025, surpassing new oil supplies, which tells you where the energy consumption is accelerating.

While Riskified itself doesn't own the servers, the environmental cost of processing billions of transactions to deliver real-time fraud decisions is a Scope 3 liability that investors are starting to quantify. This is a critical factor in maintaining your non-GAAP gross profit margin, which was 50% in Q2 2025, because future cloud contracts will inevitably factor in the cost of carbon.

Here's the quick math on the scale of the digital infrastructure you rely on:

Metric	2025 Data / Projection	Significance for Riskified Ltd.
Global AI Data Center Investment	$580 billion	Indicates the massive, energy-intensive growth of your core technology infrastructure.
US Data Center Power Demand Growth	22% increase in 2025	Higher operational cost and greater scrutiny on your cloud providers' energy sourcing.
Global Electricity Demand Growth	Forecasted 4% growth in 2025	Your demand is contributing to this global strain on power grids.

Increasing merchant focus on sustainable supply chains, which indirectly affects Riskified's merchant selection criteria.

Your e-commerce merchants are under immense pressure from their own customers to prove they run a sustainable supply chain. This pressure flows downstream to all their critical vendors, and that includes you as a fraud prevention partner. Simply put, a merchant's Chief Sustainability Officer now has a voice in who the Chief Technology Officer partners with.

In 2025, e-commerce brands are increasingly making a vendor's commitment to sustainability a top-three criterion in their selection process. [cite: 2 in first search]. They want partners who can demonstrate:

• Reduced carbon footprint from their digital operations.
• Supply-chain transparency and adherence to environmental standards.
• Use of AI to optimize logistics and reduce waste, which aligns with your core technology.

If you cannot provide clear, auditable metrics on your own digital footprint, you risk losing deals to competitors who can, especially with the 50 global merchants with annual Gross Merchandise Volume (GMV) above $1 billion that you serve. [cite: 12 in first search]

Demand for environmental, social, and governance (ESG) reporting, including data security practices.

The 'E' in ESG for a FinTech company like Riskified often overlaps with the 'G' (Governance) through data security and governance. Regulators and investors are increasingly viewing robust data security as a non-negotiable part of environmental and social risk management. Your financial filings for 2025 already cite 'increasing scrutiny of, and expectations for, environmental, social and governance initiatives' as a key risk factor. [cite: 7, 8 in first search]

The expectation for 2025 is for FinTechs to provide integrated ESG reporting. This means your data security practices-the foundation of your business-must be transparent and auditable. Your ability to maintain a strong cash position, which was $339.1 million as of Q2 2025, is directly tied to managing these non-financial risks effectively.

The core action here is to move beyond simply acknowledging the risk to quantifying it. Finance: start calculating your Scope 3 cloud emissions by year-end.