Deployment of Mozn’s FOCAL platform marks a major step in Saudi Arabia’s secure digital banking transformation
In a move that highlights the Kingdom’s drive to secure its rapidly expanding digital financial ecosystem, STC Bank has entered into a strategic partnership with Saudi AI leader Mozn to deploy its flagship financial crime prevention platform, FOCAL.
FOCAL is built on Financial Crime Intelligence (FCI) and is designed to help banks detect and prevent fraud, enhance compliance, and deliver deep risk insights in real time. For STC Bank, the deployment represents a critical step in protecting customers, meeting regulatory requirements, and scaling its digital services in an increasingly complex landscape.
“FOCAL empowers financial institutions with real-time intelligence, advanced analytics, and automated compliance workflows.”
– Abdullah Alshubrami, CCO, Mozn
“The rapid pace of digitalization has created new opportunities but also new risks for financial institutions,” said Abdullah Alshubrami, Chief Commercial Officer at Mozn. “FOCAL empowers financial institutions with real-time intelligence, advanced analytics, and automated compliance workflows that enable them to act decisively against evolving threats.”
From STC Bank’s perspective, the partnership is not just about compliance but also about building resilience and customer trust. “AI is reshaping the future of finance, and we see it as a catalyst for both innovation and trust,” said Ibrahim Alqahtani, Director of Anti-Fraud, Bribery and Corruption at STC Bank. “By integrating Mozn’s FOCAL platform, we gain the agility to anticipate emerging threats, enhance customer confidence, and accelerate Saudi Arabia’s digital economy.”
The partnership comes at a pivotal time for the Kingdom’s financial services sector, which is undergoing rapid modernization under Vision 2030. Mozn’s expertise in AI-driven fraud prevention, combined with STC Bank’s digital banking strategy, positions the collaboration as a model for technology-driven compliance and security in the Middle East.
As financial crime grows in sophistication, the partnership underscores the role of homegrown AI innovation in shaping a secure, customer-first future for digital banking in Saudi Arabia.
