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IBF Standards Training Scheme (IBF-STS)

Financial Training Scheme (FTS)

What is the Financial Training Scheme?

The Financial Training Scheme ("FTS") provides funding for financial sector-specific training courses which are:

  • Recognised under FTS.
  • Not accredited under the Skills Framework for Financial Services (SFwFS).

    This scheme is only available for company-sponsored individuals.

Overview

Eligible Individuals
  • Individuals must be company-sponsored. 
  • Singapore Citizens or Singapore Permanent Residents, physically based in Singapore; and
  • Successfully completed FTS recognised course (including passing all relevant assessments where applicable)
    Eligible Companies
    • Financial Institutions based in Singapore[1]
    • FinTech firms certified by Singapore FinTech Association (SFA)
    FTS Funding Quantum

    TRAINING COURSES
    		Commencing
    1 Jan 2023
    ELIGIBLE INDIVIDUALS
    [2]
    		Singapore Citizens and PRsSingapore Citizens aged
    40 years and above
    FUNDING AMOUNT FOR DIRECT TRAINING COSTS
    [3]
    		30%
    capped at S$500 per participant per course
    		70%
    capped at S$500 per participant per course

    1. Funding support for the same course will be granted only once per calendar year per participant.
    2. One-off industry related events e.g., conferences and seminars will not be eligible for FTS funding.

    Footnotes:

    [1] Entities regulated by the Monetary Authority of Singapore (either licensed, approved, registered or recognised; or exempted from being licensed, approved, registered or recognised), as listed on the MAS FI Directory.

    [2] Individuals who attend a course in the capacity of an instructor or facilitator, e.g. presenter / speaker / panelist are not eligible for FTS funding.

    [3] Direct training cost would be based on the gross course fee charged by the external training provider or apportioned basic salaries of internal staff involved in developing and/ or delivering in-house courses. Qualifying expenses include training costs incurred for both executive and non-executive staff, as well as staff employed on a short-term basis (less than one year, inclusive of contract staff and interns). Apportioned basic salaries of full time in-house trainers involved in developing and/or delivering in-house courses will also be eligible for support.

    See all FTS-recognised courses

    IBF Accredited Training Providers

    IBF welcomes training providers and financial institutions to join our community as accredited training providers under the Skills Framework for Financial Services and contribute toward raising the professional competencies of financial practitioners in Singapore.

    Current accredited training providers include Training Providers, Institutes of Higher Learning and Financial Institutions.

     

    Organisations with accredited Training Programmes

    Under the Skills Framework for Financial Services

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    A

    A.B. Maximus & Co

    ACAMS (Singapore) Pte. Ltd.

    Accord Business Solutions Pte Ltd

    Advent Connect Pte. Ltd.

    AgileAsia Pte Ltd

    Agilenlite Pte Ltd

    Agilitics Pte. Ltd.

    Agilitics Pte. Ltd.

    AIA Singapore Private Limited

    Alpha Development Partnership Pte. Ltd.

    ATD Solution (S) Pte. Ltd.

    ATD Solution (S) Pte. Ltd.ACAMS Chapter (Singapore)

    Australia & New Zealand Banking Group Limited

    Australian and New Zealand Institute of Insurance and Finance

    Aventis Learning Group Pte. Ltd.

    Aviva Ltd

    B

    Baker & Mckenzie Wong & Leow

    Bank Julius Baer & Co. Ltd.

    Bank of Singapore Limited

    Beacon Consulting Pte Ltd

    Bells Institute of Higher Learning Pte. Ltd.

    Best of Me Pte Ltd

    Bondblox Pte. Ltd.

    BPP Singapore Pte. Ltd.

    BTS Asia Pacific Pte Ltd

    C

    CAIA Association Singapore Office Limited

    Capelle Academy Pte Ltd

    Center for Creative Leadership (CCL) Pte Ltd

    CFA Singapore

    Chartered Banker Institute

    Compas Management Consulting Pte Ltd

    CyberQuote Pte Ltd

    E

    Eagles Flight Asia Pte Ltd

    Emarsity Pte Ltd

    Euromoney (Singapore) Pte Ltd

    F

    Falco Academy Pte. Ltd.

    FHL Capital Pte Ltd

    Financial Life Coaching Pte Ltd

    Financial Perspectives Pte Ltd

    Financial Planning Association of Singapore (FPAS)

    Financial Services Manager Association (FSMA)

    FinTech Academy Pte Ltd

    Fintelligence Ltd

    Fitch Learning Singapore Pte Ltd

    Flame Centre Pte Ltd

    Fortress Advisers Pte Ltd

    G

    Garranto Pte. Ltd.

    Global Association of Risk Professoinals (GARP)

    Global ICT Training & Certification Pte Ltd

    H

    Hubbis Pte Ltd

    Hyper Island Institute of Higher Education Pte Ltd

    I

    IFMF Investment Academy Pte. Ltd.

    IIL Asia Pte Ltd

    Institute for Mergers, Acquisitions and Alliances (IMAA) (Singapore) Pte. Ltd.

    Institute of Singapore Project Management

    International Compliance Training Academy

    Intuition Publishing Pte Ltd

    K

    Kapitalminds Pte. Ltd.

    Kaplan Higher Education Academy Pte. Ltd.

    KnowledgeHut Solutions Pte Ltd

    Korn Ferry (SG) Pte Ltd

    L

    Laures Solutions Pte. Ltd.

    Lightbulb Capital (Singapore) Pte. Ltd.

    Literacy Empowerment Pte Ltd

    London School of Business and Finance Pte Ltd

    M

    MB9 Private Limited

    Momenta Group Pte Ltd

    Monochrome Learning Solutions Pte Ltd

    mSolutions Pte Ltd

    N

    National University of Singapore - Institute of Systems Science

    National University of Singapore - Risk Management Institute

    National University of Singapore - Strategic Technology Management Institute

    Nayang Technologcial University, Nanyang Business School

    Ngee Ann Polytechnic

    NTUC Learning Hub Pte Ltd

    P

    PRICEWATERHOUSECOOPERS RISK SERVICES PTE. LTD.

    Q

    Quantinsti Educational Ventures Pte. Ltd.

    S

    Salmon Thrust Pte Ltd

    Sapience Consulting Pte Ltd

    Singapore College of Insurance Limited

    Singapore Exchange Limited

    Singapore Institute of Management Group Limited

    Singapore Quality Institute

    Singapore University of Social Sciences

    SmartAcademy Pte Ltd

    SMU - Financial Services

    SMU Academy

    SMU Lee Kong Chian School of Business

    Software Education Asia Pte Ltd

    T

    Tertiary Infotech Pte Ltd

    The Centre for Finance, Technology and Entrepreneurship Ltd

    The London Institute of Banking & Finance (APAC) Pte Ltd.

    TMC Academy Pte Ltd

    Trainocate (S) Pte Ltd

    U

    Unicorn Financial Solutions Pte. Limited

    V

    Vertical Institute Pte. Ltd.

    W

    Wealth Management Institute International Pte. Ltd.

    Wealth Management Institute Limited

    WWF - World Wide Fund for Nature (Singapore) Limited

    X

    Xaltius Pte. Ltd.

    Financial Institutions (In-house programmes)
    Show all Accredited Training ProvidersShow less

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