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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 Companies
  • Singapore-based Financial Institutions regulated by MAS (licensed or exempt from licensing by MAS)
  • FinTech firms certified by Singapore FinTech Association (SFA)
FTS Funding Quantum

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

[2] 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.

Streamlined Funding Support

Company Sponsored Individuals

  • Funding support for the same course will be granted only once per calendar year per participant.
  • One-off industry related events e.g., conferences and seminars will no longer be eligible for FTS funding.
  • FTS Funding will be adjusted with effect from 3 October 2022.
Training Allowance Grant (TAG)

$10/hour of eligible training and assessment hours

Eligible Companies [3]:

  • Singapore-based Financial Institutions regulated by MAS (licensed or exempted from licensing by MAS).
  • FinTech firms certified by Singapore FinTech Association.
  • Only for company-sponsored individuals who are Singapore Citizens or Singapore Permanent Residents, physically based in Singapore.

Duration:

  • Only for courses commencing between 8 April 2020 and 30 June 2022 (both dates inclusive), and
  • Completed no later than 30 September 2022.

Disbursement:

TAG will only be disbursed to the eligible sponsoring companies upon the participants' successful completion of the IBF-STS accredited courses. This includes:

  • Fulfilling minimum attendance requirements.
  • Passing the assessment component (where applicable) of the FTS course.
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

Agilitics Pte. Ltd.

Accord Business Solutions Pte Ltd

Australian and New Zealand Institute of Insurance and Finance

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

AgileAsia Pte Ltd

B

BTS Asia Pacific Pte Ltd

Beacon Consulting Pte Ltd

C

CFA Singapore

CAIA Association Singapore Office Limited

Compas Management Consulting Pte Ltd

Capelle Academy Pte Ltd

CyberQuote Pte Ltd

Chartered Banker Institute

Center for Creative Leadership (CCL) Pte Ltd

E

Euromoney (Singapore) Pte Ltd

Emarsity Pte Ltd

Eagles Flight Asia Pte Ltd

F

Financial Perspectives Pte Ltd

FinTech Academy Pte Ltd

FHL Capital Pte Ltd

Fintelligence Ltd

Falco Academy Pte. Ltd.

Fitch Learning Singapore Pte Ltd

Financial Planning Association of Singapore (FPAS)

Financial Life Coaching Pte Ltd

Flame Centre Pte Ltd

Financial Services Manager Association (FSMA)

G

Garranto Pte. Ltd.

Global ICT Training & Certification Pte Ltd

Global Association of Risk Professoinals (GARP)

H

Hyper Island Institute of Higher Education Pte Ltd

Hubbis Pte Ltd

I

International Compliance Training Academy

IIL Asia Pte Ltd

IFMF Investment Academy Pte. Ltd.

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

Institute of Singapore Project Management

Intuition Publishing Pte Ltd

K

Kaplan Higher Education Academy Pte. Ltd.

KnowledgeHut Solutions Pte Ltd

Kapitalminds Pte. Ltd.

Korn Ferry (SG) Pte Ltd

L

London School of Business and Finance Pte Ltd

Literacy Empowerment Pte Ltd

Lightbulb Capital (Singapore) Pte. Ltd.

Laures Solutions Pte. Ltd.

M

MB9 Private Limited

Monochrome Learning Solutions Pte Ltd

mSolutions Pte Ltd

Momenta Group Pte Ltd

N

National University of Singapore - Institute of Systems Science

Nayang Technologcial University, Nanyang Business School

Ngee Ann Polytechnic

National University of Singapore - Risk Management Institute

NTUC Learning Hub Pte Ltd

National University of Singapore - Strategic Technology Management Institute

P

PRICEWATERHOUSECOOPERS RISK SERVICES PTE. LTD.

Q

Quantinsti Educational Ventures Pte. Ltd.

S

SMU Lee Kong Chian School of Business

Singapore Exchange Limited

Singapore Quality Institute

Singapore University of Social Sciences

Singapore Institute of Management Group Limited

SMU Academy

SMU - Financial Services

SmartAcademy Pte Ltd

Software Education Asia Pte Ltd

Singapore College of Insurance Limited

Sapience Consulting Pte Ltd

Salmon Thrust Pte Ltd

T

Trainocate (S) Pte Ltd

The Centre for Finance, Technology and Entrepreneurship Ltd

TMC Academy Pte Ltd

Tertiary Infotech Pte Ltd

The London Institute of Banking & Finance (APAC) 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

Financial Institutions (In-house programmes)
  • Bank Julius Baer & Co. Ltd
  • Citibank Singapore Limited
  • DBS Bank Ltd.
  • AIA Singapore Private Limited
  • The Great Eastern Life Assurance Company Limited
  • Aviva Ltd
  • BNP Paribas Singapore Branch
  • Prudential Assurance Co. Singpaore (Pte) Ltd
  • Standard Chartered Bank (Singapore) Limited
  • Manulife (Singapore) Pte Ltd
  • NTUC Income Insurance Co-Operative Limited
  • AXA Insurance Pte Ltd
  • United Overseas Bank Limited
  • Oversea-Chinese Banking Corporation Limited
  • Malayan Banking Berhad
  • The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch
  • Citibank N.A.
  • Bank of Singapore Ltd
  • UBS AG
  • Credit Suisse AG
  • Goldman Sachs (Singapore) Pte.
Show all Accredited Training ProvidersShow less

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