The AI powerhouse forges strategic alliance with the tech pioneer to unleash innovation and security in fintech.
Mozn, has inked a landmark partnership with Astra Tech 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, 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. 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. Together, we’re not just expanding our geographical footprint; we’re strengthening the very fabric of global financial security,” said Dr. Mohammed Alhussain, CEO and Founder, Mozn.
Abdallah Abu Sheikh, Founder of AstraTech & CEO, Botim said, “Our collaboration with Mozn is a strategic leap forward in realizing our Ultra app vision swiftly, showcasing the robustness of our innovative fintech products. 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 anti-money laundering (AML) solutions like FOCAL, ensuring enhanced security and compliance across our offerings.”
