Mozn, a market leader in enterprise Artificial Intelligence (AI) technologies, recently announced its strategic partnership with Mambu. The partnership will provide the region’s financial organizations with industry-leading cloud banking solutions combined with world-class Software-as-a-Service (SaaS) products built on cutting-edge R&D and intelligence engines.
Miljan Stamenkovic, General Manager MEA at Mambu stated “Regulation and compliance in financial services has to evolve fast. Combined with the growth of digital banking, fintech, and the payments ecosystem in the GCC region, we expect to see a surge in the need for specialized propositions. Our collaboration with Mozn lets us build a stronger bridge between local financial institutions and their customers. With Mambu’s flexible cloud-native platform paired with Mozn’s in-region expertise, our customers benefit from strict adherence to evolving standards in compliance and risk management.”
Dr. Mohammed Alhussein, Founder & CEO at Mozn stated “Today, customers rely on safe and secure digital banking for their financial needs. Through Mozn’s strategic partnership with Mambu, our combined best-in-class solutions will enable financial institutions to scale, reduce costs, and strengthen AML compliance, all while increasing customer trust through the most secure money-management processes.”
Industry sources added that Mambu’s cloud-native banking platform complements Mozn’s AI-Powered financial crime prevention suite “FOCAL” to protect banks and fintech against financial crime. The collaboration focuses on offering digital banking solutions that deliver seamless and secure experiences for customers in the Middle East and Africa.
Industry sources confirmed that Mambu is a SaaS, API-driven banking, and financial services banking platform. Its technology is designed to fuel financial innovation, bring solutions to market faster, drive down cost barriers, and allow ecosystems to expand. The company empowers non-banks, neobanks, and traditional financial institutions to support customers and underserved segments with access to modern financial services by modernizing their core operations.
Industry sources confirmed that Mozn offers a unified financial crime-fighting suite that is built specifically to meet emerging market needs and challenges. FOCAL by Mozn empowers financial institutions to screen customers, monitor transactions, and assess risk confidently and efficiently by using powerful AI and seamless automation.
Industry sources further added that the organizations utilizing the FOCAL are empowered to combat the ever-evolving and sophisticated attacks targeting the region and meet rapidly scaling regulatory demands.
Press Release received on Mail
