Abdul Latif Jameel Finance, a leader in innovative financing solutions and services has announced a collaboration agreement with Mozn, a Saudi technology company and a leading provider of enterprise artificial intelligence (AI) technologies, to integrate FOCAL, Mozn’s advanced AI-driven solution, into Abdul Latif Jameel Finance’s operations to augment fraud prevention and customer protection services.
FOCAL platform is revolutionizing fraud prevention and regulatory compliance solutions across industries by harnessing the latest artificial intelligence capabilities to proactively address and mitigate risks.
Dr. Khalid Alsharif, Chief Executive Officer of Abdul Latif Jameel Finance, said: “Our collaboration with Mozn represents a significant step forward in our ongoing efforts to empowering customers with innovative solutions and advancing the financial sector in the Kingdom in line with Vision 2030. Through the utilization of FOCAL into our operations, we proactively safeguard and empower our customers.”
Malik Alyousef, Co-founder and COO of Mozn, said: “We are pleased to cooperate with Abdul Latif Jameel Finance, which shares our commitment to technological innovation and customer protection in the financial sector. By integrating our innovative tool, FOCAL, we are supporting Abdul Latif Jameel Finance’s fraud prevention measures, providing customers in the Kingdom with increased confidence and trust.”
FOCAL by Mozn has solidified its position as a leading AI-powered end-to-end fraud prevention and AML compliance platform, experiencing remarkable growth and earning global recognition. It was recently named among CNBC’s Top 250 Global Fintech Companies in 2024 as well as recognized by CHARTIS Research as a Category Leader for KYC solutions and featured in the Risk Tech AI 50 ranking.
