INTELLIGENT BRANDS // Mobile Technology
Saudi based Mozn , UAE-based Astra Tech partner to build fintech compliance
Regional AI powerhouse Mozn , a vendor in enterprise AI technologies , inked a landmark partnership with Astra Tech , a pioneering , UAE-based technology company . This alliance aims to strengthen their joint ability to tackle unique compliance challenges in local and global markets while setting a course for international expansion .
This collaboration aligns seamlessly with the growth strategies of both Mozn and Astra Tech , offering a compelling synergy between their distinctive strengths . The partnership was signed at the Fintech Surge event held recently , in the presence of Dr Mohammed Alhussein , CEO and Founder of Mozn , and Abdallah Abu Sheikh , Founder of Astra Tech and CEO of Botim .
This strategic move not only supports Mozn ' s expansion goals into the UAE market but also aligns perfectly with its dedicated efforts to strengthen the compliance framework in the country . The objective is to enhance the overall compliance landscape , promoting increased safety and transparency in financial operations . With Astra Tech ’ s PayBy-powered Botim platform consistently breaking traditional banking barriers , this partnership ensures that the app ’ s 150 million users can operate the offered fintech capabilities with an additional layer of security .
“ Mozn ’ s alliance with Astra Tech is a robust union aimed at fortifying the financial infrastructures of tomorrow ," said Dr Mohammed Alhussain , CEO and Founder of Mozn .
“ By combining our AI-driven compliance solutions with Astra Tech ' s unique business model , we are setting a new industry benchmark for rigorous compliance and financial fraud prevention . The dynamism and growth potential of the UAE market inspires us , and we are uniquely positioned to address its compliance complexities . Together , we are not just expanding our geographical footprint ; we are strengthening the fabric of global financial security .”
Abdallah Abu Sheikh , Founder of AstraTech and CEO of Botim said : “ Our collaboration with Mozn is a strategic leap forward in realising our Ultra app vision swiftly , showcasing the robustness of our innovative fintech products . Our PayBy-powered Botim app has seamlessly evolved into a comprehensive platform , offering a diverse array of financial services , from peer-topeer transactions and international money transfers to prepaid cards .”
Mozn continues to lead efforts in strengthening the global financial industry , with its flagship platform , FOCAL , at the forefront . FOCAL has conducted over 2 billion checks to empower clients in improving customer experience efficiency while achieving compliance through a riskbased approach .
Mozn is a technology company that harnesses the power of AI to innovate and build products and solutions for the advancement of digital humanity . Mozn has offices in 3 different countries – Saudi Arabia , UAE and the UK – and houses more than 200 employees . p
The platform ' s inclusive approach empowers individuals who lack traditional banking access to seamlessly conduct global transactions , benefiting both users and merchants . The fintech capabilities are further fortified with the integration of AI-powered anti-money laundering , AML solutions like FOCAL , ensuring enhanced security and compliance across our offerings .
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