Forter vs Riskified (2026)
Both decide ecommerce orders in real time and reimburse fraud chargebacks on what they approve, so the choice rests on what each promises beyond that and how much you can verify. Riskified guarantees approval rates as well as chargebacks, charges only on approved orders, swaps a flat decline for graduated friction through Adaptive Checkout, and handles the PSD2 transaction risk analysis exemption for European orders. Because it is listed on the New York Stock Exchange, the cost of its guarantee shows up in audited filings, and its 20-F names Maxmind, Ekata and Emailage as data feeding its models. Forter builds its identity graph of more than two billion identities from what it observes across its own network rather than from broker data. It separates legitimate AI shopping agents from automated abuse and adds a 90 day performance guarantee. It also sells a decision only agreement a merchant can later switch to the guarantee, and sells directly to payment service providers. Forter carries PCI DSS Level 1, SOC 2 Type II and ISO 27001 and 27701, while Riskified shares no certificate. Both quote every deal.
- You want identity signals the vendor observed itself. Forter's graph of more than two billion identities comes from first party observation rather than broker data.
- AI shopping agents are reaching your checkout. Forter separates legitimate shopping agents from automated abuse.
- You may start without cover. A decision only agreement can later move to the chargeback guarantee.
- Security review needs certificates. Forter holds PCI DSS Level 1, SOC 2 Type II, ISO 27001 and ISO 27701.
- Approval rates should be guaranteed too. Riskified commits to approval rates alongside full chargeback reimbursement on approved orders.
- You want the guarantee's cost in audited numbers. Riskified reports revenue of $344.6 million for 2025 in its 20-F, where chargeback costs flow through cost of revenue.
- Shoppers should meet friction rather than a hard decline. Adaptive Checkout matches checkout friction to each order's risk.
- You want known data suppliers. Riskified's models draw on Maxmind, Ekata and Emailage, as its SEC filing confirms.
This comparison is published by AI FinTech Index, an independent research platform that publishes independent ratings of AI vendors for financial services. Forter and Riskified are each graded against the same capability taxonomy, from each vendor's own public materials and the regulatory record, under the AI FinTech Index verification standard. No vendor pays for placement, and no vendor has reviewed this page. How this evidence is graded
Plain facts
| Forter | Riskified | |
|---|---|---|
| Primary category | Fraud Detection & Transaction Risk | Fraud Detection & Transaction Risk |
| Founded | Not published | 2013 |
| Headquarters | New York, New York, United States | New York, New York, United States |
| Website | www.forter.com | www.riskified.com |
Side by Side
Select any grade to read the note behind it.
| Axis | F Forter |
R Riskified |
|---|---|---|
| AI Centrality | ||
| Autonomy and Oversight Model | ||
| Model Risk Management and Transparency | ||
| Operational and Outcome Evidence | ||
| AI Safety and Data Stewardship | ||
| GLBA and Data Privacy Posture | ||
| Security Certifications and Trust Center | ||
| Regulatory Status and Licensure | ||
| AI Governance and Bias Disclosure | ||
| AI Liability and Recourse | ||
| Model Supply Chain Disclosure | ||
| Core Systems and Integration Depth | ||
| Deployment Model and Data Residency | ||
| Commercial Transparency | ||
| Institution and Segment Coverage |
The short version of each
Forter
Forter makes real time trust decisions on digital commerce transactions from an identity graph of more than two billion identities, built from first party observation across its network rather than broker data. It approves or declines without manual review and tells legitimate AI shopping agents apart from automated abuse. A chargeback guarantee agreement has Forter absorb fraud on approved orders, a decision only agreement leaves that cover out, and a merchant can switch between them, with a 90 day performance guarantee alongside. Beyond merchants, it sells to payment service providers managing merchant portfolios and reaches acquiring banks through payment orchestration. It holds PCI DSS Level 1, SOC 2 Type II, ISO 27001 and ISO 27701, and stores data in United States data centers. Every deal is quoted.
Source: AI FinTech Index, 2026
Riskified
Riskified, listed on the New York Stock Exchange as RSKD, sells ecommerce fraud decisions under a Chargeback Guarantee. It decides each order in under a second, charges only on approved orders, reimburses every fraud chargeback on them and guarantees approval rates. Adaptive Checkout matches friction to risk in place of a flat decline, and PSD2 optimization handles the strong customer authentication exemption for European orders. Account Secure and Dispute Resolve round out the suite, and native connectors reach Shopify, Adobe Commerce, Salesforce Commerce Cloud and VTEX. Its models draw on its merchant network plus Maxmind, Ekata and Emailage. Revenue reached $344.6 million in 2025, and the guarantee's cost flows through audited filings. Finish Line and Lastminute.com are named customers, and pricing is a quoted share of approved order value.
Source: AI FinTech Index, 2026
Common questions
Is Forter or Riskified better?
Riskified suits a merchant that wants approval rates guaranteed and the vendor's guarantee costs visible in audited filings, by the AI FinTech Index's reading. Forter suits a merchant or payment provider that wants decisions built on first party network data, protection for agent driven checkouts and a named set of security certifications. Both reimburse fraud chargebacks on approved orders.
What do Forter and Riskified guarantee?
Riskified reimburses every fraud chargeback on an order it approved and guarantees approval rates. Forter absorbs the loss on approved transactions that prove fraudulent under its chargeback guarantee agreement and adds a 90 day performance guarantee, and it also sells an uncovered decision only agreement. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified October 17, 2026. No vendor pays for placement.
What results do Forter and Riskified report?
By Forter's figures, merchants switching to it average a 72 percent cut in chargebacks and a 46 percent cut in false declines, though no merchant is named. Riskified reports audited revenue of $344.6 million for 2025, and a merchant on its platform reports authorization rates near 95 percent with fewer than ten chargebacks in six months, with Finish Line and Lastminute.com among named customers. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified October 17, 2026. No vendor pays for placement.
Where do Forter and Riskified process data?
Forter stores data in United States data centers, with affiliates processing locally in Israel, the United Kingdom and Singapore. Riskified runs as hosted software on unnamed major cloud providers, with no region or residency commitment. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified October 17, 2026. No vendor pays for placement.
Related comparisons
Other published head to head assessments involving these vendors or their closest peers. The full set for this category is on the Fraud Detection & Transaction Risk page.
Neither breaks false declines down by population or gives a legitimate shopper who was declined a way to appeal. Both pool data across merchants, so one retailer's shoppers shape decisions at another. Both sell by quote. Riskified Ltd. is incorporated in Israel and listed on the New York Stock Exchange as RSKD, and Forter Ltd is based in Israel.