by Michał Figas.
London and Warsaw, 6th March, 2018: Ravelin has announced the signing of its newest client Kinguin.
Kinguin is not only one of the leading marketplaces for gamers but also a lead innovator when it comes to constantly exploring and expanding new areas of business within the industry. This includes esports, blockchain technology, developing a decentralized marketplace and launching an ICO. Kinguin will use Ravelin’s fraud prevention platform to protect buyers and sellers from fraudulent activity and help protect their customers from the growing threat of online fraud.
Since Kinguin launched in 2013, it has become a leading online marketplace with over 4 million customers. Underpinning this success is a commitment to being a Trusted Platform. Kinguin’s decision to select Ravelin is about investing in that commitment to give buyers and suppliers complete confidence in Kinguin.
“Kinguin has always been considered as the most secured marketplace for gamers, leading industry with the lowest fraud ratio. As customer safety is the most important value here at Kinguin, we are excited to be a part of something big along that allows us to increase marketplace security from fraudulent transactions even more” said Adam Gruda, CCO at Kinguin.
“Kinguin has been investing in security and fraud prevention for a long time. Now we enter the next stage, taking advantage of new technologies, for example, artificial neural networks and machine learning, as well as advanced geolocation and many more solutions that grant our users the best protection possible. We take great care in how we deal with scam detection, especially in the face of new standardizing requirements such as GDPR, as well as KYC and AML policies’ preparation,” added Michał Figas, Head of Fraud Risk Management at Kinguin.
“Together with Ravelin, a potent player in the fraud risk assessment field, we will be able to continue providing a safe and trustworthy service.”
“We are proud to be part of the Kinguin story’, said Mairitin O’Riada, co-founder and CIO at Ravelin. “We are very lucky to work with many of the innovation leaders across a number of industries and Kinguin is a clear leader in digital goods. Securing their transactions and revenue while helping them continue to grow through great conversion rates is at the core of our success.”
Ravelin uses machine learning models to scan transactions as they happen and prevent those that appear likely to be fraudulent.. Ravelin’s models ensure that good customers are not stopped and the models are tuned continually with that conversion goal in mind.
Ravelin complements machine learning with a host of other techniques to help spot seller fraud and bad actors. We will work with Kinguin to develop these services for their growing user base.
Ravelin is an award-winning fraud detection and prevention platform for online merchants and the payments industry. Ravelin uses a combination of machine learning, graph networks and human insights to detect fraud before the sale happens, saving merchants millions in chargebacks, lost customers and reputational damage.
Kinguin is one of the world’s largest online marketplaces with video games, software and in-game items (With 6 million customer visits, 4,000+ active merchants, operating on 24 markets globally). Kinguin provides the community with access to great gaming experiences by building platforms, services and locations that supports the free economy and personal rights of gamers.