Saudi-based Mozn to adopt Red Hat’s AML compliance software, FOCAL

Saudi-based Mozn to adopt Red Hat’s AML compliance software, FOCAL

Mozn, a Saudi Arabia-based market leader in enterprise AI technologies, has entered into a strategic partnership with a global software solutions provider, Red Hat, to equip local and regional enterprises with a wider offering of its Anti Money Laundering (AML) compliance and anti-fraud product, FOCAL.

As part of the partnership, Mozn will utilize Red Hat’s leading Hybrid Cloud technologies to deliver flexible offerings of its cutting-edge capabilities in monitoring, analysis, and risk mitigation through FOCAL’s AML compliance suite, bringing the industry’s best anti-fraud tools and expertise into the realm of Finance Intelligence.

FOCAL enables financial institutions to dismantle AML compliance barriers and tackle financial crime through cutting-edge technology. FOCAL empowers customers to screen their clients with confidence using advanced name-matching algorithms that can accurately understand Arabic and Latin languages, as well as monitor transactions using tailored rules and historical behavior to flag potentially suspicious transactions and prevent financial crime.

Dr. Mohammed Alhussein

Founder & CEO – Mozn “As fraudsters up their game, stakeholders in the region must rise up to the challenge and protect consumers and businesses from those that would do them harm. Through Mozn’s strategic collaboration with Red Hat, our best-in-class AML compliance and anti-fraud platform, FOCAL, will now be available on-premises