FAQ | Technology in Finance Immersion Programme (TFIP)

What is the Technology in Finance Immersion Programme (TFIP)?

TFIP is an industry “Attach and Train” Career Conversion Programme that aims to build up an industry pipeline of capabilities in key technology areas to meet the talent needs of the financial services sector.

What certification would I achieve upon completing TFIP?

Trainees would be awarded certificates of completion upon successfully completing the programme. Some of the modules would also prepare you for industry certifications.

Will TFIP guarantee a job placement?

This programme does not guarantee a job placement. However, it is designed to provide trainees with access to industry-curated structured training and relevant work experience through an attachment with leading financial institutions over a period of 18 months, so trainees could be in a better position to land a job either within or outside the financial institution after the programme.

TFIP Programme Duration (Structured and On-The-Job Training)

Training Areas	Programme Duration
Software Engineering (with AI application)	18 Months
Data Analytics	18 Months

Can I join TFIP if I have participated in other government programmes before?

Generally, applicants will only be eligible to apply for TFIP if they have completed all commitments/obligations under their previous programme as of TFIP application closing date.

Specifically, applicants who had participated in or are currently participating in the SGUnited Mid-career Pathways Programme (SGUP), SkillsFuture Career Transition Programmme (SCTP); or IMDA’s Tech Immersion and Placement Programe (TIPP) are eligible to apply, but must exit the programme before the start of TFIP commencement if selected.

• [For SGUP] Training area applied for under TFIP must be different from that of the previous programme participated in.
• [For SCTP/TIPP] Training area applied for under TFIP need not be different from that of the previous programme participated in.

Applicants who had participated in Career Conversion Programmes (CCP); IMDA’s Company-Led Training Programme (CLT); or IMDA Tesa Mid-Career Advance Programme (TMCA) would be eligible if:

• Applicant had completed the government programme as of TFIP application closing date; however
• Early exit out of the government programme to join TFIP is not allowed
• Training area applied for under TFIP must be different from that of the previous programme participated in.

Documents/information required for TFIP applications

Applications for TFIP 2025 are now closed.

Selection process for TFIP

Admission into the programme is based on a holistic assessment of the applicant and subject to passing the aptitude assessment, interview and selection by participating financial institutions.

I have taken the aptitude assessment. When will I receive my assessment results?

Applicants will not be notified on the aptitude assessment results. Applicants who pass the aptitude assessment(s) will be forwarded to participating Financial Institutions for their shortlisting. Applicants will be contacted by the participating Financial Institutions for interviews if shortlisted.

Why did I not receive any emails from IBF inviting me for the assessment?

Only applicants who meet the eligibility criteria will be invited to take the aptitude assessment.

Would I be expected to resign from my current job to participate in TFIP?

Yes, you will be required to resign from your current job if you are selected and would like to accept the programme offer as this is a full-time programme with a duration of 18 months (for Data Analytics and Software Engineering (with AI Application). Successful applicants would be expected to commit to structured training and attachment to a financial institution on a full-time basis.

Monthly allowance for TFIP trainees

Trainees will receive a monthly training allowance of S$5,500 (not eligible for CPF contribution and not subject to income tax) for the Data Analytics and Software Engineering (with AI Application) programme for the entire duration that they remain on the programme.

What happens if the trainee is called up for reservist within the duration of TFIP?

For trainees who are called up for reservist during the structured training phase of TFIP, IBF will provide a letter to assist the trainee in application for deferment to avoid disruption to their full-time structured training.

Trainees who are called up for reservist during the On-the-Job training attachment to the hosting financial institution will be required to fulfil their obligations. The reservist period will be considered as no-pay leave. Trainees will receive allowance from MINDEF/SCDF/SPF based on their rank and vocation.

Minimum grade requirement for TFIP trainees during the structured training

Trainees are expected to meet all requirements (e.g., attendance) and pass all assessments of the structured training programme.

Do I need to pay for the structured training programme under TFIP?

The cost of the structured training after government funding will be borne by the host financial institution.

If you decide to withdraw mid-way through the programme, your host financial institution may impose a penalty to cover costs incurred for your training.

Choosing a Financial Institution to be attached to during TFIP training

In the application, individuals can choose up to 3 preferred financial institutions.

However, IBF reserves the right to refer applicants to other financial institutions based on availability of the positions.

Selection process for TFIP

Admission into the programme is based on a holistic assessment of the applicant and subject to passing the aptitude assessment, interview and selection by participating financial institutions.

How will multiple offers by Financial Institutions for a particular TFIP applicant be handled?

The applicant will decide which offer to accept.

Withdrawing from TFIP / Penalties for withdrawal

You will be required to provide a 1 month notice and reason for withdrawal. Your host financial institution may also impose a penalty to recover the costs incurred for your structured training

Technology in Finance Immersion Programme (TFIP) FAQs