SingularityNET And Mozn Join Hands To Unlock Advanced AI Solutions For AML Compliance

As technologies for more sophisticated and smarter payments systems continue to develop, the monitoring and controls surrounding these solutions need to keep pace and grow ever smarter to combat and prevent the opportunity for increases in financial crime. The increased vigilance required, and proactive systemic defense gives rise to a need for ongoing investment and continuous improvement in systems to combat financial crime.

Policies, standards and regulations all need to be enhanced and - by leveraging AI for advanced screening and monitoring - firms can be better equipped to adopt effective controls to meet both regulatory, customer and economic / shareholder goals.

To address this need, SingularityNET and Mozn join hands to harness the capability of AI and Machine Learning in AML and network analysis, together bringing leading expertise and tools to benefit financial institutions globally in fighting financial crimes. This exciting new partnership aims to unlock frontier technology approaches for advanced AI solutions to enhance and strengthen AML Compliance, supporting institutions in a risk-based approach to compliance, in fighting financial crime effectively, tracking money flow, and identifying outliers and suspicious behaviors.

“Mozn offers the leading AML and compliance suite in MENA that empowers financial institutions in fighting financial crime. The partnership with SingularityNET is a massive step towards bringing the best expertise in AI and AML. At Mozn we are always striving for innovation and new ways to enhance and evolve our products.” – Malik Alyousef, Co-founder & Chief Operating Officer at Mozn.

“SingularityNET is the world's first decentralized AI Platform and Marketplace, offering a unique process for a blockchain based AI agent registry. The partnership will bring the best compliance-AI expertise both companies have to offer while also leveraging SingularityNET’s strategic relationship with Input Output Global (IOG), the engineering company behind the Cardano blockchain. This partnership between Mozn and SingularityNET will enable both AI firms to expand their services in different regions.” – Janet Adams, Chief Operating Officer at SingularityNET.

About Mozn:

Mozn is the market leader in enterprise AI technologies that empower organizations, with a focus on Finance intelligence, and Arabic Natural Language Understanding. Through cutting edge R&D and based on an intelligence engine, Mozn offers SaaS products that help enterprises and financial organizations make better decisions in compliance, risk management, fraud detection and other areas.

For more information about Mozn please visit: https://mozn.ai/.

About SingularityNET:

SingularityNET is a fully-fledged AI ecosystem with a rich community all working toward the global distribution of AI. It is the first and only decentralized platform that will allow AIs to cooperate and coordinate at scale, while enabling anyone to assemble custom AI processes from a global network of AI algorithms, services, and agents. No longer must AI technology exist in silos, only capable of operating within a specific company, infrastructure, or industry.

For more information about SingularityNET please visit: https://singularitynet.io/.