We are delighted to announce that Focus was awarded the Best Regulation Technology Solution at the recent MEA Finance Magazine Banking Technology Summit and Awards, held at Burj Khalifa Dubai on 11 May 2023.

The award was won in partnership with 4most in recognition of the Focus software solution addressing the Model Management Standards and Guidelines regulation from the Central Bank of UAE. The Paragon and 4most teams have worked together to develop and promote the solution, which is now available in UAE and globally to address Model Risk Management requirements and regulations such as SR-11, EU-TRIM and CP6/22.

Nicoleta Remmlinger, Head of Business Development at 4most, attended the very successful event and was thrilled to receive the award, saying “I feel very encouraged by this recognition and we will carry on anticipating market needs and supporting banks compliance with the regulations. I am so thankful for the detailed feedback received during many demos that has helped us shape the technology to be the best for our customers”.

Now the solution is launched we look forward to onboarding more customers by aiding the implementation of best practices and compliance with the related regulations.