Saudi Arabia’s AI powerhouse, Mozn, recognized as one of the world’s top fintechs for 2023

Saudi Arabia’s AI powerhouse, Mozn, recognized as one of the world’s top fintechs for 2023

Riyadh, Saudi Arabia – Saudi Arabia’s Mozn, a market leader in enterprise artificial-intelligence technologies, today announced that it has been recognized as one of the Top 200 FinTech Companies globally, and one of the Top 25 in the “Digital Business Solutions” category by Statista, a leading statistics firm. Mozn's Flagship product FOCAL is an AI-powered risk and compliance platform being adopted by financial institutions including Banks, Insurers and fintechs across emerging markets.

The "World's Top FinTechs 2023" list presents an in-depth analysis of key performance indicators (KPIs) across nine distinct market segments. The comprehensive assessment examined more than 1,500 companies from March to May 2023. Each company's evaluation was based on a multi-level KPI research approach, which gave 40% weight to overarching KPIs and 60% weight to segment specific KPIs like digital payments, neo banking, alternate financing, digital wealth management, digital financial planning etc, to derive the final score.

As a comprehensive solution, FOCAL by Mozn excels in identifying, measuring and mitigating risk, preventing fraud and ensuring AML and KYC/KYB compliance on an international scale. FOCAL has crossed over 1 billion screening checks on beneficiaries to date, to empower clients to improve efficiency, customer experience and achieve compliance whilst taking a risk-based