Mozn's platform takes centre stage at Dubai FinTech Summit 2024

Sajjad Ahmad, Deputy Business Editor

Saudi-based Mozn, a leading provider of AI-driven solutions, participated in the Dubai FinTech Summit 2024. The summit, which took place on May 6th & May 7th, offered an unparalleled opportunity for industry leaders to explore innovative technologies shaping the future of finance.

At the heart of Mozn’s showcase was the FOCAL platform, a game-changer in fraud prevention and compliance across industries. Leveraging the precision and adaptability of AI, FOCAL revolutionised risk mitigation by proactively identifying anomalies and suspicious activities in real-time. Through comprehensive demonstrations and insightful discussions, Mozn highlighted how FOCAL empowers organisations to stay ahead of evolving threats, protect against financial crimes, and ensure audit-ready compliance in today’s digital landscape.

“In an era defined by digital transformation, the need for robust fraud prevention and compliance solutions has never been greater,” said Malik Alyousef, Co-Founder & Chief Operating Officer at Mozn. “FOCAL represented a paradigm shift in how organizations approached these challenges, offering unparalleled precision and adaptability to combat financial crime effectively.”

Mozn’s commitment to combating financial crime extends beyond the FOCAL platform. With the increasing digitization of financial services, the risk of fraudulent activities and money laundering surged. Mozn’s flagship platform FOCAL provides a comprehensive suite of features that are designed to enhance regulatory compliance and streamline fraud detection processes. By harnessing the power of advanced AI and analytics, Mozn empowers organizations to protect their operations and uphold market reputation in an increasingly complex digital landscape.

What set Mozn apart was its unique combination of innovation, specialization, and commitment to advancing digital humanity. FOCAL’s ability to deliver targeted, adaptable solutions for fraud prevention and compliance underscores Mozn’s expertise in addressing specific industry challenges. Additionally, Mozn’s collaboration with industry-leading partners such as Deloitte, Mambu, Redhat, and Google Cloud further solidifies its position as a trusted AI provider in the region.

The adoption of AI in the MENA region had witnessed rapid acceleration, driven by strategic national agendas, and increasing collaboration between the public and private sectors. With continued investment in AI research and development, the region is poised to become a global leader in AI-driven innovation, setting new benchmarks for technological integration and sustainable growth.