Mozn, a leading provider of enterprise AI technologies, has announced a collaborative partnership with the Saudi Credit Bureau (SIMAH) aimed at strengthening the financial sector of the Kingdom of Saudi Arabia. This partnership aims to ensure that the goals set forth in Vision 2030 are not hindered by the rise of financial crime.
The formalization of the partnership took place through the signing of a memorandum of understanding (MOU) in a special ceremony held on May 29. The MOU signifies the shared commitment of Mozn and SIMAH to establish and nurture a secure and robust financial ecosystem within the country. The collaboration will primarily focus on areas such as know your customer (KYC) procedures, credit assessment and fraud prevention.
READ ALSO: Al Etihad Credit Bureau and DIFC Innovation Hub empower fintech startups in the UAE
During the signing ceremony, Dr. Mohammed Alhussein, Founder and CEO of Mozn, emphasized the importance of Saudi Arabia’s Vision 2030, which aims to build a prosperous society where individuals, residents and citizens can engage in peaceful work, living and commerce. He stated, “Today, Mozn and SIMAH unite against malicious actors who seek to disrupt this progress”.
