AI giant Mozn has announced a strategic partnership with UAE-based tech company Astra Tech to enhance innovation and security in the fintech industry. The collaboration aims to address compliance challenges in local and global markets and pave the way for international expansion.
The partnership was formalized at the Fintech Surge event, with the presence of Mozn’s CEO and Founder, Dr. Mohammed Alhussein, and Astra Tech’s Founder and CEO of Botim, Abdallah Abu Sheikh.
This alliance not only supports Mozn’s expansion goals into the UAE market but also strengthens the compliance framework in the country. The objective is to promote increased safety and transparency in financial operations. With Astra Tech’s Botim platform, powered by PayBy, this partnership provides an added layer of security to its 150 million users, breaking traditional banking barriers.
Dr. Alhussain stated, “Mozn’s alliance with Astra Tech sets a new industry benchmark for compliance and financial fraud prevention. By combining our AI-driven compliance solutions with Astra Tech’s unique business model, we are fortifying the financial infrastructures of tomorrow and strengthening global financial security.”
Abu Sheikh expressed excitement about the collaboration, emphasizing the swift realization of their Ultra app vision. He highlighted the robustness of Botim, a comprehensive platform offering various financial services, including peer-to-peer transactions, international money transfers, and prepaid cards. The platform aims to empower individuals without traditional banking access to conduct global transactions seamlessly. To enhance security and compliance, AI-powered anti-money laundering solutions like FOCAL will be integrated into their fintech capabilities.
Mozn’s flagship platform, FOCAL, has played a pivotal role in improving customer experience efficiency and achieving compliance through risk-based approaches. FOCAL’s excellence has been acknowledged by prestigious organizations such as Statista and CNBC, earning them a spot among the Top 200 FinTech Companies globally and recognition in the “Digital Business Solutions” category.
This strategic alliance between Mozn and Astra Tech showcases their commitment to innovation, security, and the growth potential of the UAE market. With their combined expertise, they are poised to drive advancements in the fintech industry and make a lasting impact on global financial security.
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