Saudi Arabian company Mozn, a market leader in enterprise artificial intelligence (AI) technologies, has been recognized as one of the top 200 FinTech companies globally and one of the top 25 in the Digital Business Solutions category by leading statistics firm, Statista. Mozn’s flagship product, FOCAL, is an AI-powered risk and compliance platform that is being adopted by financial institutions in emerging markets.
The World’s Top FinTechs 2023 list analyzed key performance indicators (KPIs) across nine market segments. The assessment included over 1,500 companies from March to May 2023 and evaluated each company based on overarching KPIs as well as segment-specific KPIs. FOCAL, Mozn’s comprehensive solution, excels in identifying, measuring, and mitigating risk, preventing fraud, and ensuring anti-money laundering (AML) and know your customer (KYC) compliance on an international scale.
FOCAL has already conducted over 1 billion screening checks on beneficiaries, helping clients improve efficiency, enhance customer experience, and achieve compliance. With Mozn’s market-leading AI engine and configurable automation, FOCAL sets new standards in rapid, accurate, and explainable risk decision-making in multiple languages.
The platform’s customizable rule builder enhances its adaptability, allowing organizations to define thresholds and seamlessly approve, review, or block requests according to their risk appetite. As FOCAL continues to evolve and attract more clients, Mozn solidifies its position as a trusted partner in delivering impactful risk intelligence and fraud prevention solutions.
Dr. Mohammed Alhussein, Founder and CEO of Mozn, expressed immense honor in being recognized as one of the world’s top FinTech companies and representing Saudi Arabia in the report. He emphasized the company’s commitment to driving financial security and compliance through AI technology, aligning with the Saudi Vision 2030. Dr. Alhussein pledged to continue innovating and making significant strides to redefine financial safety and integrity.
In conclusion, Mozn’s recognition as a top FinTech company highlights its dedication to utilizing AI technology for risk management and compliance. With their AI-powered platform FOCAL, Mozn aims to empower financial institutions in achieving efficient operations while ensuring regulatory compliance and customer satisfaction. As the company expands, it vows to remain at the forefront of technological innovation, providing reliable and effective solutions that meet the evolving needs of the financial industry.
