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.

    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

    B

    C

    D

    E

    F

    G

    H

    I

    J

    K

    L

    M

    N

    O

    P

    Q

    R

    S

    T

    U

    V

    W

    X

    A

    A.B. Maximus & Co

    ACAMS (Singapore) Pte Ltd

    ACAMS Chapter (Singapore)

    Accord Business Solutions Pte Ltd

    Advent Connect Pte Ltd

    AgileAsia Pte Ltd

    Agilenlite Pte Ltd

    Agilitics Pte Ltd

    AIA Singapore Private Limited

    Alpha Development Partnership Pte Ltd

    Association of Banks in Singapore, The

    ATD Solution (S) Pte Ltd

    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 Consulting Pte Ltd

    Capital City Training & Consulting Pte Ltd

    Capital Plus Pte Ltd

    Center for Creative Leadership (CCL) Pte Ltd

    Center For Sustainable Finance and Private Wealth (Singapore) Ltd

    Centre for Finance, Technology and Entrepreneurship Ltd, The

    CFA Society Singapore

    CFTE Pte Ltd

    Chartered Banker Institute

    CIMB Bank Berhad

    Citibank Singapore Limited

    Coaching Tiger Pte Ltd

    Comeandsee Global Pte Ltd

    Compas Management Consulting Pte Ltd

    Corpstage Pte Ltd

    Credit Suisse AG

    CyberQuote | SGX Academy

    CyberQuote Pte Ltd

    D

    D D Consulting Pte Ltd

    DBS Bank Ltd

    Digital Insurer Pte Ltd, The

    Dun & Bradstreet (Singapore) Pte Ltd

    E

    Eagles Flight Asia Pte Ltd

    Eastspring Investments (Singapore) Limited

    Emarsity Pte Ltd

    Emeritus Institute of Management Pte Ltd

    Epitrain Pte Ltd

    Erevna Leadership Asia Pte Ltd

    Ernst & Young Corporate Finance Pte Ltd

    Euromoney (Singapore) Pte Ltd

    F

    Falco Academy Pte Ltd

    FHL Capital Pte Ltd

    FIL Investment Management (Singapore) Limited

    Financial Life Coaching Pte Ltd

    Financial Market Association of Singapore (FMAS)

    Financial Perspectives Pte Ltd

    Financial Planning Association of Singapore (FPAS)

    Financial Services Manager Association (FSMA)

    Finerty Academy Pte Ltd

    FinTech Academy Pte Ltd

    Fintelligence Ltd

    Fitch Learning Singapore Pte Ltd

    Flame Centre Pte Ltd

    Flame Centre Pte Ltd, The

    Fortis Adult Learning Academy LLP

    Fortress Advisers Pte Ltd

    G

    Garranto Pte Ltd

    Global Association of Risk Professoinals (GARP)

    Global Brand Academy (Pte Ltd )

    Global Education Academy Pte Ltd

    Global ICT Training & Certification Pte Ltd

    Global Training Service Pte Ltd

    Gordon Hoo Consultancy Pte Ltd

    Governance Risk & Compliance Solutions Pte Ltd

    GP Strategies Singapore (Asia) Pte Ltd

    Great Eastern Life Assurance Company Limited, The

    H

    Hackwagon Academy Pte Ltd

    Heicoders Academy Private Limited

    Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, The

    HSBC Life (Singapore) Pte Ltd

    Hubbis Pte Ltd

    I

    ICC Academy Private Ltd

    iFast Financial Pte Ltd

    IFMF Investment Academy Pte Ltd

    IIL Asia Pte Ltd

    Imageworks Pte Ltd

    Income Insurance Limited (DTC)

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

    Institute of Singapore Project Management

    Insurance and Financial Practitioners Association of Singapore (IFPAS)

    Integrated Learning Systems Pte Ltd

    Interactive Brokers Singapore Pte Ltd

    International Compliance Training Academy

    Intuition Publishing Pte Ltd

    Investment Management Association of Singapore (IMAS)

    IQ EQ Compliance Consulting (Singapore) Pte Ltd

    J

    J E T Corporate Development Pte Ltd

    Janus Henderson Investors (Singapore) Limited

    June Gu Consultancy

    K

    Kaplan Higher Education Academy Pte Ltd

    Kapronasia Singapore Pte Ltd

    KnowledgeHut Solutions Pte Ltd

    Korn Ferry (SG) Pte Ltd

    KPMG Services Pte Ltd

    L

    Laures Solutions Pte Ltd

    Learning Initiative Asia Pte Ltd

    Level Up Academy Pte Ltd

    Lifeskills Institute Pte Ltd

    Lightbulb Capital (Singapore) Pte Ltd

    Lion Global Investors Limited

    Literacy Empowerment Pte Ltd

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

    London School of Business and Finance Pte Ltd

    LRN (Singapore) Ethics & Compliance Pte Ltd

    Lymon Pte Ltd

    M

    Manulife (Singapore) Pte Ltd

    Maybank Singapore Limited

    MB9 Private Limited

    Metacamp Pte Ltd

    Momenta Group Pte Ltd

    Monochrome Learning Solutions Pte Ltd

    Moody's Analytics Singapore Pte Ltd

    MRA Global Pte Ltd

    mSolutions Pte Ltd

    N

    National University of Singapore - Institute of Systems Science

    National University of Singapore - Strategic Technology Management Institute

    Nayang Technologcial University, Nanyang Business School

    New Light Pte Ltd

    Ngee Ann Polytechnic

    NTUC Learning Hub Pte Ltd

    NUS Risk Management Institute

    O

    Oversea-Chinese Banking Corporation Limited

    P

    PI ETA Consulting Company Pte Ltd

    PPP Academy Pte Ltd

    Precepts Academy Pte Ltd

    Prosci Pte Ltd

    Prudential Assurance Company Singapore Pte Ltd

    Q

    Quantinsti Educational Ventures Pte Ltd

    R

    REIT Association of Singapore

    RHT Academy Pte Ltd

    Riverside Training Pte Ltd

    Riverstone SG Pte Ltd

    Robeco Singapore Private Limited

    S

    Salmon Thrust Pte Ltd

    Sapience Consulting Pte Ltd

    Sglistcos Limited

    SGMC Capital Pte Ltd

    Sim Kee Boon Institute / Singapore Green Finance Centre at Singapore Management University

    Singapore College of Insurance Limited

    Singapore Exchange Limited

    Singapore Exchange Limited - Academy

    Singapore Global Trust Pte Ltd

    Singapore Institute of Management Group Limited

    Singapore Insurance Institute

    Singapore Life Ltd

    Singapore Quality Institute

    Singapore University of Social Sciences

    SMU Academy

    SMU Lee Kong Chian School of Business

    Society of Remisiers (Singapore), The

    Software Education Asia Pte Ltd

    ST Engineering E-Services Pte Ltd

    Standard Chartered Bank (Singapore) Limited

    T

    Tembusu Services Pte Ltd

    Tertiary Infotech Pte Ltd

    Tinto Group Pte Ltd

    TMC Academy Pte Ltd

    Trainocate (S) Pte Ltd

    U

    UBS AG

    Unicorn Financial Solutions Pte Ltd

    United Overseas Bank Limited

    V

    Vertical Institute Pte Ltd

    W

    W3 Consultancy Pte Ltd

    Waystone Compliance Solutions (Singapore) Pte Ltd

    Wealth Design Studio Pte Limited

    Wealth Hub Pte Ltd

    Wealth Management Institute International Pte Ltd

    Wealth Management Institute Limited

    Wow! Academy Pte Ltd

    WWF - World Wide Fund for Nature (Singapore) Limited

    X

    Xaltius Pte Ltd

    Financial Institutions (In-house programmes)