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Mozn partners with Mambu to boost digital banking in the Middle East

By Leandra Monteiro

February 16, 2023

  • AML
  • API Banking
  • Compliance

Mambu, Mozn Mozn, an artificial intelligence (AI) technologies enterprise, announced its strategic partnership with Mambu.

The partnership will provide the Middle East’s financial organisations with cloud banking solutions combined with Software-as-a-Service (SaaS) products built on R&D and intelligence engines.

Mambu’s cloud-native banking platform complements Mozn’s AI-Powered financial crime prevention suite “FOCAL” to protect banks and FinTechs against financial crime. The collaboration aims to provide digital banking solutions that deliver seamless and secure experiences for customers in the Middle East and Africa.

“Regulation and compliance in financial services has to evolve fast. Combined with the growth of the digital banking, fintech and the payments ecosystem in the GCC region, we expect to see a surge in the need for specialised propositions,” said Miljan Stamenkovic, General Manager MEA at Mambu. “Our collaboration with Mozn lets us build a stronger bridge between local financial institutions and their customers. With Mambu’s flexible cloud-native platform paired with Mozn’s in-region expertise, our customers benefit from strict adherence to evolving standards in compliance and risk management.”

“Today, customers rely on safe and secure digital banking for their financial needs,” said Dr. Mohammed Alhussein, Founder & CEO at Mozn. “Through Mozn’s strategic partnership with Mambu, our combined best-in-class solutions will enable financial institutions to scale, reduce costs, and strengthen AML compliance, all while increasing customer trust through the most secure money-management processes.”

Mozn offers a unified financial crime-fighting suite that is built specifically to meet emerging market needs and challenges. FOCAL by Mozn empowers financial institutions to screen customers, monitor transactions, and assess risk confidently and efficiently by using powerful AI and seamless automation.

Mambu is a SaaS, API-driven banking, and financial services banking platform. The company empowers non-banks, neobanks, and traditional financial institutions to support customers and underserved segments with access to modern financial services by modernising their core operations.

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