Mozn and D360 Bank announce strategic partnership in Saudi Arabia
Eve Goode
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Mozn has announced that it has partnered with D360 Bank, one of Saudi Arabia’s leading digital banks.
The company notes that this strategic partnership is set to drive innovation in digital banking security by leveraging AI-enabled AML compliance solutions, ensuring financial services for customers across the Kingdom.
The agreement
The agreement was signed recently by Malik Alyousef, Co-Founder and COO, Mozn and Osama Alshathri, Head of Retail Banking, D360 Bank.
This collaboration is in line with D360 Bank’s commitment to delivering enhanced, customer-centric digital banking experiences while ensuring regulatory compliance in an evolving financial landscape, the company notes.
D360 Bank will integrate Mozn’s AI-Powered AML Compliance Solution from FOCAL, to enhance the customer experience by creating fast and efficient customer onboarding.
“Delivering world-class standards”
Osama Alshathri, Head of Retail Banking, D360 Bank stated: “At D360 Bank, the first Saudi digital bank, we are proud to be serving well over 700,000 customers in a record expansion, achieved within only 1.5 months.
“Through this collaboration, we are able to leverage Mozn services and robust technology infrastructure to provide a seamless customer experience.
“We are also proud to partner with Mozn – a Saudi company delivering world-class standards,” Alshathri concluded.
“Empowering financial institutions”
Malik Alyousef, Co-Founder and COO, Mozn commented: “At Mozn, we believe that compliance is the cornerstone of a seamless digital banking experience.
“Our partnership with D360 Bank reflects our dedication to empowering financial institutions with advanced AML capabilities in Saudi Arabia.”
Alyousef continued: “Through FOCAL, we aim to redefine AML capabilities and support financial institutions in navigating the evolving regulatory landscape”.
FOCAL platform
Mozn notes that it continues to set new standards in financial crime prevention and AML compliance, ensuring seamless, secure and intelligent financial operations through its FOCAL platform.
With this collaboration, FOCAL is strengthening its position as a trusted leader in AI-driven risk and compliance, empowering financial institutions to prevent money laundering and navigate regulatory complexities with confidence.
