MOZN ANNOUNCES A NEW AI-POWERED ANTI-FRAUD PRODUCT, TO BOLSTER RISK MANAGEMENT AND CONSUMER PROTECTION

Mozn, a market leader in enterprise artificialintelligence technologies, announced an advanced AI-powered Anti-Fraud product capable of proactively identifying suspicious patterns and preventing criminals from targeting organisations and their clients to profit from financial crime.

Released as an additional product suite to the company’s innovative Anti-Money-Laundering (AML) platform, FOCAL, Anti-Fraud product was announced at Saudi Arabia’s LEAP 2023 tech conference at Riyadh Front Expo Centre. In the spirit of LEAP – which gathers tech innovators and leading experts from around the world to discover new ideas and build new partnerships – FOCAL Anti-Fraud leverages powerful AI to address the increasing volume and complexity of fraud in emerging markets.

“Banks, fintech providers, insurance companies and brokers, and indeed any industry that finds itself in the crosshairs of fraudsters will welcome the announcement of FOCAL Anti-Fraud,” said Dr. Mohammed Alhussein, Founder and CEO of Mozn. “At Mozn, we not only address the challenges of today; we look out for what is ahead to ensure that the hurdles of this year and the next are no barrier to economic innovators both inside the kingdom and across the region. FOCAL Anti-Fraud penalises fraudsters, not consumers, and delivers rapid timeto-value by empowering better decisions. Mozn will continue to fight financial fraudsters with our stateof-the-art AI-powered products and solutions so that businesses can improve their risk management and enhance protection for themselves and their customers.”