Saudi Arabia’s AI powerhouse Mozn announces GCC expansion as it launches in the UAE

Saudi Arabia’s Mozn, a market leader in enterprise artificialintelligence technologies, has announced a regional expansion that will take the company into the thriving AI, finance and fintech markets of the United Arab Emirates and the GCC.

The announcement came at the Dubai Fintech Summit, held at Madinat Jumeirah, Dubai, where Mozn’s senior executives spoke on the need for AML/ CFT (anti-money-laundering and combatting the financing of terrorism) and fraud-prevention technologies. Mozn’s expansion into the GCC market through its UAE office will see it provide innovative regulatory compliance and anti-fraud solutions powered by advanced AI. Aimed at financial institutions such as banks, digital banks, fintechs and other large financial organisations, these solutions make it easier to see the whole board and identify suspicious behaviour patterns in real time.

“The UAE has been making significant strides in enhancing its AML compliance and combating financial fraud, and Mozn’s entry into the UAE market will help accelerate these efforts,” said Dr. Mohammed Alhussein, Founder and Chief Executive Officer at Mozn. “We are excited to begin this next chapter in Mozn’s growth journey as we enter the broader GCC market through our UAE office. We look forward to collaborating with prominent financial institutions in these markets, re-enforcing their compliance stance and further improving the stability of these nation’s financial sectors through our anti-fraud solutions. Mozn firmly believes that our collective efforts contribute to these government’s economic diversification initiatives, and it will leave no stone unturned in doing so.”