Elm, the pioneer digital solutions company, has signed an agreement with “Mozn Systems for Communications and Information Technology”, which provides a wide range of data and AI solutions, to link Vocal and Yakeen services.
The Agreement was signed by Mohammed Bin Abdulaziz Al-Omair, the CEO of Digital Products at Elm, and Dr. Mohammed Bin Abdulaziz Al-Hussain, Mozn's CEO. Under this Agreement, Vocal and Yakeen services will be linked to ensure better compliance by companies working in the financial industry. Linking the two services aims to limit money laundry practices and enable more effective security checks for fugitives on the World’s Wanted List.
Majid Bin Saad Al-Arifi, the spokesperson and VP of Marketing at Elm, said that under this Agreement, Elm and Mozn will work together to establish a new work model and build a safe and information-based financial environment, where businesses can grow and thrive. This will eventually contribute to building a strong, sustainable, and data-driven economy.
Dr. Mohammed Bin Abdulaziz Al-Hussain said that his company highly values this strategic cooperation with Elm as a step towards a better financial compliance. "Mozn has signed an Agreement with Elm to link both Vocal and Yakeen services. By leveraging the power of AI technologies, this Agreement will provide financial companies with effective, fast, and super-accurate tools to combat money laundry and reduce risks", Al-Hussain said.
Elm is committed to support SMEs, as part of its effort to play a key role in supporting local startups, and in establishing a solid and sustainable base for the National Technology Development Program. For this goal, Elm is always keen to provide integrated, innovative, and premium quality digital solutions that meet the diverse needs and requirements of clients.