Mozn and Astra Tech Partner to Enhance Compliance Solutions

Leading enterprise AI technology company Mozn has forged a strategic partnership with Astra Tech, a UAE-based tech company. 

This collaboration addresses unique compliance challenges in local and global markets and sets the stage for international expansion.

Strengthening Synergy:

The partnership between Mozn and Astra Tech aligns with the growth strategies of both organizations, creating a synergy that capitalizes on their respective strengths. 

The partnership was formalized at the recent Fintech Surge event. Dr. Mohammed Alhussein, CEO and Founder of Mozn, and Abdallah Abu Sheikh, Founder of Astra Tech and Botim, were in attendance.

Expansion into the UAE Market:

For Mozn, this strategic move supports its expansion goals in the UAE market. 

It also aligns with the company’s commitment to bolstering the compliance framework in the country, with the ultimate aim of enhancing safety and transparency in financial operations.

Boosting Compliance Landscape:

Mozn and Astra Tech aim to strengthen the compliance landscape and enhance security in financial operations. 

Astra Tech’s Botim platform, powered by PayBy, has been disrupting traditional banking barriers, and this partnership ensures that the platform’s 150 million users can access fintech capabilities with an added layer of security.

Quotes from Key Figures:

• Dr. Mohammed Alhussein, CEO and Founder of Mozn: “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.”
• Abdallah Abu Sheikh, Founder of Astra Tech and CEO of Botim: “Our collaboration with Mozn is a strategic leap forward in realizing our Ultra app vision swiftly, showcasing the robustness of our innovative fintech products. Our PayBy-powered Botim app has seamlessly evolved into a comprehensive platform, offering various financial services, from peer-to-peer transactions and international money transfers to prepaid cards.”

AI-Powered Anti-Money Laundering (AML) Solutions:

Astra Tech’s fintech capabilities will be further fortified by integrating AI-powered anti-money laundering (AML) solutions, such as FOCAL. 

This integration enhances the security and compliance of the platform’s offerings.

The partnership not only expands geographical reach but also reinforces global financial security.

Get all the latest update on UAE Times Now