Mozn, a leading Saudi enterprise AI technology company, has entered into a strategic agreement with STC Bank to deploy its flagship financial crime prevention platform, FOCAL. This collaboration will see STC Bank integrate Mozn’s advanced AI-driven solution to enhance its security framework and safeguard its digital banking operations.
Deploying AI For Enhanced Security
Mozn’s FOCAL platform is designed to provide financial institutions with powerful Financial Crime Intelligence (FCI), enabling them to proactively detect and prevent illicit activities. By leveraging real-time intelligence, advanced analytics, and automated compliance workflows, FOCAL equips STC Bank to manage an increasingly complex risk landscape, meet regulatory requirements, and securely scale its digital services.
A Partnership Driving Homegrown Innovation
The partnership highlights the growing capability of local technology firms to deliver mission-critical solutions for major financial players in the Kingdom. Abdullah Alshubrami, Chief Commercial Officer at Mozn, stated, “FOCAL empowers financial institutions with real-time intelligence, advanced analytics, and automated compliance workflows that enable them to act decisively against evolving threats. This partnership demonstrates how homegrown innovation can safeguard customers, meet regulatory expectations, and accelerate the secure growth of Saudi Arabia’s digital economy.”
Building Trust In Digital Banking
For STC Bank, the integration of FOCAL is a key step in reinforcing customer trust and pioneering next-generation banking standards in the region. “By integrating Mozn’s FOCAL platform into our operations, we gain the agility to anticipate emerging threats, enhance customer confidence, and accelerate Saudi Arabia’s digital economy,” said Ibrahim Alqahtani, Director of Anti-Fraud, Bribery and Corruption at STC Bank. “This partnership reinforces our role as a pioneer in next-generation banking and reflects our commitment to setting new standards of security and intelligence.”
About Mozn
Mozn is a Saudi technology company committed to advancing digital humanity by harnessing artificial intelligence to build enterprise AI-powered products. Its flagship platforms include FOCAL, an end-to-end Fraud Prevention and AML Compliance platform, and OSOS, a leading Generative AI platform for the enterprise. Mozn is at the forefront of technological innovation, striving to redefine the limits of what is possible in the digital age.
Source: Zawya
