STC Bank to deploy Mozn financial crime prevention platform
James Thorpe
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Mozn has recently entered into a strategic agreement with STC Bank.
The enterprise AI technology provider’s flagship financial crime prevention platform, FOCAL, is designed to empower financial institutions with Financial Crime Intelligence (FCI).
STC Bank to utilise FOCAL platform
According to a recent announcement, the new collaboration reflects a shared commitment to advancing security and innovation in Saudi Arabia’s digital ecosystem.
By adopting FOCAL, STC Bank is said to be enhancing its ability to safeguard customers, meet regulatory requirements and scale its digital services in an increasingly complex financial landscape.
“The rapid pace of digitalisation has created new opportunities but also new risks for financial institutions,” said Abdullah Alshubrami, Chief Commercial Officer, Mozn.
“FOCAL empowers financial institutions with real-time intelligence, advanced analytics and automated compliance workflows that enable them to act decisively against evolving threats.
“With FCI at its core, FOCAL helps institutions like STC Bank set new benchmarks for resilience and trust in digital banking.
“This partnership demonstrates how homegrown innovation can safeguard customers, meet regulatory expectations and accelerate the secure growth of Saudi Arabia’s digital economy.”
“A pioneer in next-generation banking”
“AI is reshaping the future of finance and we see it as a catalyst for both innovation and trust,” said Ibrahim Alqahtani, Director Anti-Fraud, Bribery and Corruption, STC Bank.
“By integrating Mozn’s FOCAL platform into our operations, we gain the agility to anticipate emerging threats, enhance customer confidence and accelerate Saudi Arabia’s digital economy.
“This partnership reinforces our role as a pioneer in next-generation banking and reflects our commitment to setting new standards of security and intelligence across the Kingdom’s financial sector.”
