Question: Is there a platform that can help my business reduce the risk of acquiring merchants in high-risk industries?

If you're trying to avoid the risks of acquiring merchants in sensitive categories, LegitScript is a mature certification and monitoring service that can help. It offers a range of services including merchant monitoring, marketplace monitoring and compliance tools. LegitScript uses AI and machine learning technology to deliver accurate results and in-depth analysis, so businesses can reduce risk and build trust.

Another good option is LexisNexis Risk Solutions, which offers a variety of services including financial crime compliance, credit risk assessment and fraud prevention. The company uses sophisticated analytics and a large database to provide insights that help companies identify and manage risk, ensure compliance and identify growth opportunities in a variety of industries.

For e-commerce companies, Riskified offers a fraud and risk intelligence service that uses AI to maximize revenue while minimizing fraud. It evaluates more than 480 attributes of data to help fraud teams approve more orders and catch fraudsters better. Its fraud protection and chargeback management tools can cut fraud costs and increase transaction success.

Sift is another AI-powered fraud decisioning service designed to help businesses stop fraud and grow. With services like Account Defense and RiskWatch, Sift can help businesses stop account takeover and payment fraud, and achieve measurable growth while protecting customer trust and security. It's geared for e-commerce, fintech and iGaming.