STC Bank Deploys Mozn's FOCAL Platform to Strengthen Financial Crime Prevention

Mozn, a regional leader in enterprise AI technologies, has entered into a strategic agreement with STC Bank to deploy Mozn's flagship financial crime prevention platform, FOCAL. The collaboration reflects a shared commitment to advancing security and innovation in Saudi Arabia's digital ecosystem.

FOCAL is designed to empower financial institutions with Financial Crime Intelligence (FCI), enabling them to detect and prevent financial crime and deliver risk insights. By adopting FOCAL, STC Bank is enhancing its ability to safeguard customers, meet regulatory requirements, and scale its digital services confidently in an increasingly complex financial landscape.

The platform equips banks with real-time intelligence, advanced analytics, and automated compliance workflows that enable them to act decisively against evolving threats. The collaboration underscores Mozn's expertise in AI, data analytics, and regulatory technology, paired with STC Bank's vision for a secure, customer-first digital banking future.

Abdullah Alshubrami, Chief Commercial Officer at Mozn, said: "The rapid pace of digitalisation has created new opportunities but also new risks for banking institutions." He added that FOCAL enables real-time threat detection and automated compliance workflows for financial institutions operating in fast-moving markets.

Ibrahim Alqahtani, Director Anti-Fraud, Bribery and Corruption at STC Bank, said: "AI is reshaping the future of finance, and we see it as a catalyst for both innovation and trust" in advancing secure digital banking.

Together, the two organisations are helping to advance Saudi Arabia's position as a global leader in technology-driven, compliant, and trusted financial services.