AI powerhouse Mozn has formed a strategic alliance with UAE-based tech company Astra Tech, aiming to enhance innovation and security in the fintech industry. The partnership, signed at the Fintech Surge event, will leverage the strengths of both companies to tackle compliance challenges in local and global markets and expand internationally.
Mozn’s expansion goals in the UAE market align with its efforts to strengthen the compliance framework and promote safety and transparency in financial operations. Through this alliance, Astra Tech’s PayBy-powered Botim platform, used by 150 million users, will provide an additional layer of security for its fintech capabilities.
Dr Mohammed Alhussain, CEO and Founder of Mozn, stated that the partnership with Astra Tech sets an industry benchmark for compliance and financial fraud prevention, reinforcing the financial infrastructures of the future. He emphasized the growth potential of the UAE market and the company’s commitment to addressing its compliance complexities.
Abdallah Abu Sheikh, Founder of Astra Tech and CEO of Botim, highlighted the collaboration’s role in realizing the vision of their Ultra app and showcasing the robustness of their innovative fintech products. The PayBy-powered Botim app offers a wide range of financial services, including peer-to-peer transactions, international money transfers, and prepaid cards, empowering individuals without traditional banking access to conduct global transactions seamlessly. Additionally, the integration of AI-powered anti-money laundering (AML) solutions like FOCAL further enhances security and compliance across Astra Tech’s offerings.
Mozn’s flagship platform, FOCAL, has conducted over 2 billion checks to help clients improve customer experience efficiency and achieve compliance through a risk-based approach. This commitment to excellence has earned FOCAL recognition as one of the Top 200 FinTech Companies globally and one of the Top 25 in the “Digital Business Solutions” category by renowned organizations Statista and CNBC.
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