Career Opportunities & Resources
Financial Institutions / SFA certified Fintech firms may submit company-sponsored Enhanced Course Fee Subsidy only for
(a) external training programmes where full fee is charged or (b) in-house programmes
IBF Portal is for any company to submit documents to IBF e.g. training providers who need to submit training programmes for IBF’s review and accreditation; or for Financial Institutions to submit training grant claims for reimbursement. The IBF Portal account is free of charge.
Entities who wish to submit funding support claims for their workforce transformation and workforce training efforts will need to submit their application to to create a Corporate Login Account on the IBF Portal.
Only 1 account may be created per entity.
The entity would be identified through the Unique Entity Number (“UEN”), which is the ACRA’s Registry of Companies (ROC) number of the entity.
The applicant will also indicate the Management Representatives authorised to manage the account in their application.
Management Representatives to be appointed for each application should be a member of the company’s management who is a department head or above.
The Management Representatives are assigned with the following rights within the IBF Portal:
(i) Ability to verify and submit claims for grants, on behalf of your organisation to IBF;
(ii) Ability to create and manage organisation details (including bank account details);
(iii) Ability to appoint and remove module Administrators to manage the respective modules within the system;
(iv) Access to all system notifications between IBF and the Administrators.
There should be 2 Management Representatives appointed at all times to ensure check and balance. The CEO may appoint himself as one of the Management Representative.
The application form has to be completed and signed by the Chief Executive Officer (or equivalent) of the organisation, with the organisation stamp affixed.
The applicant entity must also submit the Direct Credit Authorisation (DCA) form to provide the details of the bank account that funding disbursements are to be deposited into. The DCA form must be endorsed by the Bank before being sent to IBF via email at [email protected].
The Applicant are required to ensure that the documents and information submitted are true, accurate and complete. IBF may request for additional information to support its evaluation of the application.
Submission of the application form does not constitute a successful application. Applications are deemed to be complete and valid only if (i) details are submitted online via the IBF Portal and the signed copies of the Application Form for IBF Portal Account and DCA forms are sent to [email protected]
IBF will notify the CEO and the Management Representatives of the account upon successful application and a link will be provided for the Management Representative to activate the account on behalf of the entity. The account must be activated within 5 days as the activation link expires after.
Courses that have commenced before 10 October 2022 should be completed by 30 June 2023 for claims to be submitted before 30 September 2023 or within 3 months from the course end date, whichever earlier.
|In-house programmes/ External programme where full fee is charged|
|Course Commencement Date||Between 8 April 2020 to 9 October 2022
|Eligible Funding Scheme||IBF Standards Training Scheme (IBF-STS) and Financial Training Scheme (FTS)
Training Allowance Grant (for IBF-STS programmes commenced before 30 June 2022 and completed before 30 September 2022)
|Claims Submission By||Financial Institutions / Singapore FinTech Association (SFA) certified FinTech Firms1|
|Submission Channel||IBF Portal|
|Earliest Submission Date||Upon course completion |
|Submission Deadline||Within 3 months from the end of the month of the course completion date2 |
||GIRO to the FI's or SFA certified FinTech Firm's corporate bank account|
Updated on 31 March 2022
1 Eligible entities include MAS Licensees and exempt entities
2 Companies will only be allowed one claim submission for the enhanced course fee subsidy every month. Please ensure that claim records are consolidated before submission.
|Upload into the IBF portal||Retain for audit purpose|
|Enhanced Course Fee Subsidy |
|Training Allowance Grant|
(Submission by FI/ FinTech Firms)
Applications with a claim amount of S$30,000 or more must be certified by one of the following:
Applications with a claim amount of less than S$30,000 can be certified by one the following:
In-house courses developed and/or conducted by external consultants:
Click here to download the template for Internal Auditors (IA)/Compliance (CC) certification.
Click here to download the template for External Auditors (EA) certification.Click here to download the Terms of Reference for Auditors and Internal Compliance Departments.
|Revision to course code|
FIs/FinTech Firms with in-house courses can login to your TPGateway account for the latest and updated course code before the claim submission.
|Goods & Services Tax (GST)|
All programme fees or eligible expenses claimed should exclude Singapore GST. If GST is not separately reflected in the invoices, checks should be done to ascertain if the training provider is a GST-registered entity for which GST has already been subsumed in the costs. If so, the GST amount should be excluded from the claim.
|Double-Funding ||Claimants should not be claiming for any other grants, subsidies, or tax concessions, provided either by the Financial Sector Development Fund (FSDF) and/or other government agencies, unless explicitly permitted.|
|Administrative Fee ||IBF reserves the right to charge an administrative fee in the event that there are errors associated with claims submitted, regardless of whether any grants have been disbursed.|
Mandatory details to be reflected in supporting documents:
|Certificate of Completion|
(all programmes with assessment must be issued a copy of COC to each trainee)
Mandatory details to be reflected in Certificate of Completion:
A COC must be issued to each trainee for all courses with compulsory
|Computation of Unit Cost|
Click here to access the computation for E-learning courses.
Click here to access the computation for Classroom Training.
IBF will take approximately 6 to 8 weeks to process the claim upon complete and accurate submission from the claim submission date.
Longer processing time may be required in certain cases (e.g. incomplete or inaccurate submissions, Direct Credit Authorisation form not submitted to IBF or nonstandard cases).
|Financial Institutions / Singapore FinTech Association (SFA) certified FinTech Firms|
|Enhanced Course Fee Subsidy |
For programmes that commence between 8 April 2020 and 9 October 2022:
Doc (D) FI - Enhanced Course Fee Worksheet
|Training Allowance Grant Claims Worksheet||Claims Worksheet E - TAG|
For more details on the claims submission process, please refer to the FAQs