Nominee Name/Nominee Company NameMomentum Award: Rippleshot
Finalist for the:Momentum - for companies with $3-25MM in revenue
About the Nominee:Rippleshot is helping financial institutions stop card fraud before it occurs. Using artificial intelligence (AI), machine learning (ML) and data-based decision rules, Rippleshot provides proactive fraud detection and prevention solutions to FIs and their customers by predicting risk, pinpointing threats and reducing card fraud losses. Rippleshot positions banks and credit unions to proactively transform fraud operations, ultimately becoming strategically resilient to fraud.
Unlike competitors in the industry, Rippleshot’s cloud-based technology solution leverages a data consortium of more than 4,500 financial institutions and is updated daily. With tools such as AI/ML, automation, and data-driven strategies, FIs can enhance their fraud departments while also saving time and resources. Rippleshot equips FIs with automation and data insights to drive efficiencies while also targeting fraud more efficiently.
Why they should win:In the past five years, Rippleshot’s revenues have grown by 15,757%, while its client base of financial institutions has increased by 115,600% - totaling 1,157 banks and credit unions by the end of 2021. Rippleshot reached profitability in 2020, and its one-year EBITDA growth is 473%.