Fintech
Saudi AI Leader Named Among World’s Top FinTech Firms
MoznSaudi regional leader in enterprise AI technologies, has been recognized as one of the top 250 FinTech companies globally by CNBC and Statesmana leading statistical company. This marks the second consecutive year that Mozn has received this prestigious recognition.
CNBC and Statista’s “World’s Top Fintech Companies 2024” Report aims to shed light on the rapidly growing and evolving global financial technology (FinTech) market by recognizing leading technology companies providing innovative and transformative solutions to the financial industry across various market segments.
The comprehensive assessment examined more than 2,000 companies from March to May 2024, evaluating each one based on a multi-level KPI research approach that considered high-level KPIs and segment-specific metrics.
Mozn’s recognition underscores the impact of its innovative platform, FOCALwhich demonstrates the company’s commitment to promoting progress in the field of risk and compliance in the financial sector.
FOCAL is an AI-powered risk and compliance management platform that prevents financial crime and redefines how companies navigate the complexities of regulatory environments, enabling organizations to improve their risk intelligence and streamline compliance processes, ensuring a secure and resilient operating framework.
“We are honored to be recognized as one of the world’s top FinTech companies in 2024 by CNBC and Statista, and proud to export our domestically-sourced Saudi technology to the international stage,” said Dr. Mohammed Alhussein, Founder and CEO of Mozn. “This esteemed recognition is a testament to our relentless pursuit of innovation in AI-driven financial risk and compliance. We are deeply grateful for the unwavering support of our customers, partners, and the ecosystem that made this achievement possible, all while supporting innovation and growth in line with Saudi Vision 2030.”
Mozn’s FOCAL has seen significant growth and expansion in multiple ways, including a significant increase in its partner network and substantial growth in the number of people screened and financial transactions processed.
Additionally, the company has seen a remarkable 350% increase in customer acquisition since 2022, with the number of customers using more than one product growing fourfold over the same period.
These achievements, along with recognition from CNBC and Statista, underscore Mozn’s pivotal role in shaping the future of financial technology and reflect its aspiration to become the region’s AI giant.