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Through the MOU, the IBF and Paragon University will collaborate in various initiatives to bridge the gap between the rapidly evolving skills need of the banking industry and those provided by the higher education system. The Paragon University will benefit from this collaboration with IBF in aligning its curriculum to the industry’s expectation through IBF’s competency frameworks and textbooks, as well as training of trainers and consultation, all of which are led and developed by Cambodian industry experts. In return, IBF will benefit from the university’s consultation, evaluation, and feedback in helping the industry to understand the needs of their potential workforce..