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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
    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.
    See all FTS-recognised courses

    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 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.

    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

    A

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    E

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    P

    Q

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    T

    U

    V

    W

    A

    B

    C

    E

    F

    G

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    I

    K

    L

    M

    N

    P

    Q

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    U

    V

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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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