Mozn, a leading enterprise Artificial Intelligence (AI) technology provider, has announced a strategic partnership with Mambu. The partnership aims to provide industry-leading cloud banking solutions with SaaS products built on cutting-edge R&D and intelligence engines.
The collaboration will combine Mambu’s cloud-native banking platform with Mozn’s AI-powered financial crime prevention suite “FOCAL” to provide digital banking solutions that deliver seamless and secure experiences for customers in the Middle East and Africa. The partnership aims to empower financial institutions to scale, reduce costs, and strengthen AML compliance, all while increasing customer trust through the most secure money-management processes.
Mozn’s FOCAL is a unified financial crime-fighting suite designed to meet the needs and challenges of emerging markets. With the use of powerful AI and seamless automation, FOCAL empowers financial institutions to confidently and efficiently screen customers, monitor transactions, and assess risks. This helps organizations combat the ever-evolving and sophisticated attacks targeting the region and meet rapidly scaling regulatory demands.
Mambu’s cloud-native platform is API-driven and designed to fuel financial innovation, bring solutions to market faster, drive down cost barriers, and allow ecosystems to expand. Its technology 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.
Miljan Stamenkovic, General Manager MEA at Mambu, stated that “Regulation and compliance in financial services have 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.” The collaboration between Mozn and Mambu aims to build a stronger bridge between local financial institutions and their customers, providing strict adherence to evolving compliance and risk management standards.
Dr. Mohammed Alhussein, Founder & CEO at Mozn, emphasized that “Today, customers rely on safe and secure digital banking for their financial needs.” The combined best-in-class solutions provided by Mozn’s strategic partnership with Mambu will enable financial institutions to increase customer trust by offering the most secure money-management processes. The partnership will also help financial institutions scale, reduce costs, and strengthen their anti-money laundering compliance.