Abdul Latif Jameel Finance and Mozn Collaborate to Revolutionize Financial Fraud Prevention

The collaboration aims to support Abdul Latif Jameel Finance’s efforts in fraud detection and customer protection.

It will integrate Mozn’s cutting-edge artificial intelligence (AI) technology with Abdul Latif Jameel Finance’s operations.
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Riyadh, Saudi Arabia – 26 February 2025: Abdul Latif Jameel Finance, a leader in innovative financing solutions and services has announced a collaboration agreement with Mozn, a Saudi technology company and a leading provider of enterprise artificial intelligence (AI) technologies, to integrate FOCAL, Mozn’s advanced AI-driven solution, into Abdul Latif Jameel Finance's operations to augment fraud prevention and customer protection services.

FOCAL platform is revolutionizing fraud prevention and regulatory compliance solutions across industries by harnessing the latest artificial intelligence capabilities to proactively address and mitigate risks.

Dr. Khalid Alsharif, Chief Executive Officer of Abdul Latif Jameel Finance, said:

“Our collaboration with Mozn represents a significant step forward in our ongoing efforts to empowering customers with innovative solutions and advancing the financial sector in the Kingdom in line with Vision 2030. Through the utilization of FOCAL into our operations, we proactively safeguard and empower our customers.”

Malik Alyousef, Co-founder and COO, of Mozn, said:

“We are pleased to cooperate with Abdul Latif Jameel Finance, which shares our commitment to technological innovation and customer protection in the financial sector. By integrating our innovative tool, FOCAL, we are supporting Abdul Latif Jameel Finance's fraud prevention measures, providing customers in the Kingdom with increased confidence and trust.”

FOCAL by Mozn has solidified its position as a leading AI-powered end-to-end fraud prevention and AML compliance platform, experiencing remarkable growth and earning global recognition. It was recently named among CNBC’s Top 250 Global Fintech Companies in 2024 as well as recognized by CHARTIS Research as a Category Leader for KYC solutions and featured in the Risk Tech AI 50 ranking.

About Abdul Latif Jameel Finance

Abdul Latif Jameel Finance is a pioneering financing business focused on providing innovative solutions to individuals and SMEs. Regulated by the Saudi Central Bank (SAMA), Abdul Latif Jameel Finance offers a range of financing services that empower customers and address the evolving market needs. In 2024, it surpassed SR 3.5 billion in microfinancing through its Bab Rizq Jameel Microfinance program, supporting over 283,000 entrepreneurs and small businesses to date.

For more information, visit: www.aljfinance.com.

About Mozn

Mozn is a Saudi technology company committed to advancing digital humanity through the harnessing of artificial intelligence to produce enterprise AI-powered products – FOCAL for the financial sector and OSOS, the leading Arabic Gen AI platform – and AI solutions. Mozn maintains a significant presence, with offices in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE) that house over 300 dedicated professionals. Mozn is at the forefront of technological innovation, striving to redefine the limits of what is possible in the digital age. 

For more details on the partnership and its benefits, visit www.mozn.ai or contact our media team at media@mozn.ai.

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