{"id":77852,"date":"2023-09-09T19:56:45","date_gmt":"2023-09-09T16:56:45","guid":{"rendered":"https:\/\/indexeconomic.com\/?p=77852"},"modified":"2023-09-09T19:56:45","modified_gmt":"2023-09-09T16:56:45","slug":"mozn-and-bayan-credit-bureau-collaborate-to-boost-financial-industry-development-in-the-kingdom","status":"publish","type":"post","link":"https:\/\/indexeconomic.com\/?p=77852","title":{"rendered":"Mozn and Bayan Credit Bureau Collaborate to Boost Financial Industry Development in The Kingdom"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"> Saudi Arabia\u2019s AI powerhouse<a href=\"http:\/\/www.mozn.ai\/\"> Mozn<\/a>, a market leader in enterprise AI technologies, has signed a memorandum of understanding with Bayan Credit Bureau, headquartered in Riyadh. This collaboration aims to bolster the accessibility to financing for SMEs and enhance the Kingdom of Saudi Arabia&#8217;s overall financial inclusion efforts.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">This partnership aligns strongly with the objectives outlined in the<a href=\"https:\/\/www.vision2030.gov.sa\/v2030\/vrps\/fsdp\/\"> <\/a><a href=\"https:\/\/www.vision2030.gov.sa\/v2030\/vrps\/fsdp\/\">Financial Sector Development Program of Vision 2030<\/a>, and marks a significant stride towards fostering private sector growth and bolstering SME financing in the Kingdom. The MoU was signed in the presence of Dr. Mohammed Alhussain, CEO and Founder of Mozn, and Eng. Mohammad Bamogaddam, CEO of Bayan. This pivotal collaboration reflects their mutual dedication and aligns perfectly with Vision 2030\u2019s drive for a more resilient financial sector.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">\u201cThis partnership between Mozn and Bayan is ultimately aimed at supporting the development of the financial industry in Saudi Arabia, in line with Saudi Vision 2030,\u201d said Eng. Mohammad Bamogaddam, CEO of Bayan Credit Bureau. \u201cOur joint pledge to the business community is absolute: we aim to further enable financial institutions in their mission to support private sector growth.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">&nbsp;\u201cThe Kingdom of Saudi Arabia has emerged as a regional hub for SMEs, experiencing a substantial increase in their number, which has more than doubled to<a href=\"https:\/\/www.zawya.com\/en\/smes\/planning\/number-of-saudi-smes-more-than-double-to-114mln-since-vision-2030-launch-w3ytwfco\"> <\/a><a href=\"https:\/\/www.zawya.com\/en\/smes\/planning\/number-of-saudi-smes-more-than-double-to-114mln-since-vision-2030-launch-w3ytwfco\">1.14 million<\/a> in 2022 since the initiation of the Vision 2030 program,\u201d said Dr. Mohammed Alhussein, CEO and Founder of Mozn. \u201cThis MoU emphasizes our steadfast dedication to bolstering private sector expansion through financial inclusion, alongside facilitating financial support for SMEs. Both Mozn and Bayan are exceptionally positioned to steer organizations on this path. Utilizing our core strengths, we have formed a compelling alliance that is geared towards fostering growth within a secure financial framework<strong>.<\/strong>\u201d<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">Mozn is leading the movement to strengthen the financial industry throughout the Kingdom, and spearheading this change is<a href=\"https:\/\/www.getfocal.ai\/\"> <\/a><a href=\"https:\/\/www.getfocal.ai\/\">FOCAL<\/a> by Mozn, which excels in identifying, measuring, and mitigating risk. FOCAL has crossed over 2 billion checks to empower clients to improve customer experience efficiency and achieve compliance while taking a risk-based approach. This dedication to excellence was celebrated by FOCAL&#8217;s recent recognition as one of the<a href=\"https:\/\/www.cnbc.com\/2023\/08\/02\/cnbcs-top-200-global-fintech-companies-the-complete-list.html\"> <\/a><a href=\"https:\/\/www.cnbc.com\/2023\/08\/02\/cnbcs-top-200-global-fintech-companies-the-complete-list.html\">Top 200 FinTech Companies<\/a> globally and one of the Top 25 in the \u201cDigital Business Solutions\u201d award by the prestigious Statista and CNBC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s AI powerhouse Mozn, a market leader in enterprise AI technologies, has signed a memorandum of understanding with Bayan Credit Bureau, headquartered in Riyadh. This collaboration aims to bolster the accessibility to financing for SMEs and enhance the Kingdom of Saudi Arabia&#8217;s overall financial inclusion efforts. This partnership aligns strongly with the objectives outlined &hellip;<\/p>\n","protected":false},"author":2,"featured_media":77850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-77852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mozn and Bayan Credit Bureau Collaborate to Boost Financial Industry Development in The Kingdom - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indexeconomic.com\/?p=77852\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozn and Bayan Credit Bureau Collaborate to Boost Financial Industry Development in The Kingdom - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a\" \/>\n<meta property=\"og:description\" content=\"Saudi Arabia\u2019s AI powerhouse Mozn, a market leader in enterprise AI technologies, has signed a memorandum of understanding with Bayan Credit Bureau, headquartered in Riyadh. 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