Mozn and Mobily Pay are Collaborating to Enhance User Experience Security in Saudi Arabia, Utilizing Artificial Intelligence

Mozn, a prominent player in enterprise artificial intelligence technologies from Saudi Arabia, has joined forces with Mobily Pay to bolster safety measures within their user interface, as seen on Zawya.

This significant partnership was officially unveiled at the Seamless Saudi Arabia 2023 event, a prominent two-day gathering hosted at the Riyadh Front Exhibition Centre. Drawing tens of thousands of professionals from various sectors including e-commerce, retail, fintech, and payments, the summit served as a platform to delve into emerging industry trends and address ongoing issues through collaboration.

Related: Saudi's AI leader Mozn expands into UAE as part of GCC push

At the ceremony, Mobily Pay CEO, Ayman AlEissa, and Mozn’s Founder and CEO, Dr Mohammed Alhussein, signed a memorandum of understanding (MoU), signifying Mobily Pay’s intent to bolster its user experience safety through Mozn’s flagship, AI-powered, risk management platform, FOCAL.

“Mozn is steadfastly committed to the financial security of Saudi Arabia,” said Dr. Mohammed Alhussein, CEO & Founder, Mozn. “As the Kingdom embarks on an ambitious path of economic diversification, we cannot ignore the risks and challenges associated with digital transformation. By partnering with Mobily Pay, we reinforce our pledge to combat these risks by utilizing the robust, advanced capabilities of FOCAL.”

"Mobily Pay is committed to enhancing the commerce experience in a world that is increasingly digital," said Ayman AlEissa, CEO of Mobily Pay. "We are equally committed to protecting our customers. Our partnership with Mozn fortifies our pledge to security, ensuring that transactions made through Mobily Pay are both safe and trustworthy."

Being at the forefront of bolstering the financial sector in the Kingdom of Saudi Arabia, Mozn is driving transformative change with its cutting-edge solution, FOCAL. It specializes in the identification, measurement, and mitigation of financial risks, having conducted over 2 billion checks.

FOCAL's exceptional service empowers clients to enhance customer experiences, streamline efficiency, and ensure compliance, all while adopting a risk-based approach.

Mozn's unwavering commitment to excellence recently earned them global recognition. FOCAL was honored as one of the Top 200 FinTech Companies worldwide and secured a spot among the Top 25 recipients of the esteemed "Digital Business Solutions" award, a distinction presented by the renowned Statista and CNBC.