AI SOLUTIONS
MOZN AND ASTRA TECH , PARTNER TO FORTIFY FINTECH SECURITY VIA AI-CAPABILITIES
Mozn , a leader in enterprise AI technologies , inked a partnership with Astra Tech , a UAE-based tech company . This alliance aims to strengthen their joint ability to tackle unique compliance challenges in local and global markets while setting a course for international expansion .
This collaboration aligns seamlessly with the growth strategies of both Mozn and Astra Tech , offering a compelling synergy between their distinctive strengths . The partnership was signed at the FinTech Surge event held recently , in the presence of Dr Mohammed Alhussein , CEO and Founder of Mozn , and Abdallah Abu Sheikh , Founder of Astra Tech and CEO of Botim .
This strategic move not only supports Mozn ’ s expansion goals into the UAE market but also aligns perfectly with its dedicated efforts to strengthen the compliance framework in the country . The objective is to enhance the overall compliance landscape , promoting increased safety and transparency in financial operations . With Astra Tech ’ s PayBy-powered Botim platform consistently breaking traditional banking barriers , this partnership ensures that the app ’ s 150 million users can operate the offered FinTech capabilities with an additional layer of security .
“ Mozn ’ s alliance with Astra Tech is a robust union aimed at fortifying the financial infrastructures of tomorrow ,” said Dr Alhussain . “ By combining our AI-driven compliance solutions with Astra Tech ’ s unique business model , we ’ re setting a new industry benchmark for rigorous compliance and financial fraud prevention . The dynamism and growth potential of the UAE market inspires us , and we are uniquely positioned to address its compliance complexities . Together , we ’ re not just expanding our geographical footprint ; we ’ re strengthening the very fabric of global financial security .”
Sheikh added : “ Our collaboration with Mozn is a strategic leap forward in realising our Ultra app vision swiftly , showcasing the robustness of our innovative FinTech products . Our PayBypowered Botim app has seamlessly evolved into a comprehensive platform , offering a diverse array of financial services , from peer-to-peer transactions and international money transfers to prepaid cards . The platform ’ s inclusive approach empowers individuals who lack traditional banking access to seamlessly conduct global transactions , benefiting both users and merchants . Moreover , our FinTech capabilities are further fortified with the integration of AI-powered antimoney laundering ( AML ) solutions like FOCAL , ensuring enhanced security and compliance across our offerings .” �
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