Saudi Press

Saudi Arabia and the world
Monday, Jun 23, 2025

Fighting fraudsters: A Saudi Arabian success story

Fighting fraudsters: A Saudi Arabian success story

AI leader Mozn’s founder and CEO explains why the future of crime fighting rests in our ability to leverage data and artificial intelligence to outfox the predators that plague us.
Saudi Arabia’s LEAP conference was established to gather the world’s tech innovators, investors, and experts to collaborate on solutions to the issues of the day. The spirit of the event is one of progress through knowledge sharing. LEAP23, the event’s second edition, takes place at a time when the region faces a challenging horizon, peppered with issues waiting to be addressed – the economy, the environment, and many others. Including crime.

Saudi Arabia-born Mozn has fast risen to become a market leader in enterprise AI technologies and an important voice in the industry regarding not only technology advancement but movements in the challenges various adopters face. At LEAP23, the company will be showcasing its AI-powered solutions and products amid a surge in interest in smart technologies for solving a range of societal issues, including financial crime.

Mozn’s FOCAL platform has proved to be an important step forward in the fight against financial crime. The financial crime prevention system, which recently passed the milestone of running its billionth security and identity check, screens customers using advanced name-matching algorithms designed specifically for Arabic- and Latin-text characters and compares them against more than 1,300 up-to-date global and local sanctions and PEP (politically exposed persons) lists.

“Fraudsters are wreaking havoc on financial systems, largely because institutions now offer their services mostly through digital channels,” said Dr Mohammed Alhussein, Founder and CEO of Mozn.

“FOCAL leverages AI to combat this problem by keeping pace with fraudsters and maintaining the trust that is critical for a successful financial sector. The platform enables financial institutions to be compliant with the regulations of central banks and capital markets, and to protect the institution’s customers from fraud.”

Digital transformation – while an enabler of innovation in many industries – has globalised crime. Countries on every continent have passed legislation and launched taskforces to take the fight to the fraudster.

“Saudi Arabia’s central bank is coming out with very promising innovations to ensure that banks have controls and safeguards to protect the financial system,” said Dr Alhussein. “Of course, at Mozn, we play a part in this ecosystem by providing products that financial institutions can leverage to combat fraud.”

Mozn will use LEAP23 to launch FOCAL Anti-Fraud – an extension to the FOCAL platform that can, among other things, confirm the identity of payees by automatically tallying sender information about the recipient’s account with that held on record at the destination. A broad range of datapoints come together to derive a Fraud Score metric for each transaction, which allows faster decisions by compliance officers.

“FOCAL Anti-fraud automatically authorizes, rejects, or restricts transactions based on whether it judges them to be legitimate,” said Dr Alhussein. “Obviously, this is a significant time-saver for all stakeholders, who can detect fraudulent activity right down to the devices, IP addresses, and other attributes used by modern law-enforcement.”

Mozn is one of Saudi Arabia’s most prominent tech success stories. It was founded in 2017 and in just five years has established itself as prominent industry presence and sophisticated innovator.

“Mozn is a Saudi-born company with an incredibly talented team based in the kingdom, the UAE and the UK. We are proud that 34% of our people are women. We have an amazing culture – a unified dedication to the harnessing of technology and AI to help real businesses add real value.”
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Black Box Recovered from Air India Crash Site
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Global News Roundup: From Ukraine's strategic military strikes and Russia's demands and Tensions Escalate in Ukraine, to serious legal issues faced by Britons in Bali and Trump's media criticism, the latest developments highlight a turbulent landscape
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
×