IBF Standards & Certified Training Programmes

Finding the right qualification or training provider can be challenging. That's why we have collected all our providers in one place, so that you can easily find a provider to deliver the qualification and course you need.

IBF Standards Training Scheme (IBF-STS)

Financial Training Scheme (FTS)

What is the IBF Standards Training Scheme?

The IBF Standards Training Scheme ("IBF-STS") provides funding for training and assessment courses:

That cover key skills needed in the financial sector.
Accredited under the Skills Framework for Financial Services (SFwFS).

This scheme is available for both self-sponsored and company-sponsored individuals.

Overview

Eligible Individuals

Singapore Citizens or Singapore Permanent Residents, physically based in Singapore; and
Successfully completed IBF-STS accredited course (including passing all relevant assessments and examinations)
Funding of training programmes under the Critical Core Skills^[1] and Future-Enabled Skills^[2] categories will only be available to locals employed in the financial sector (i.e. by financial institutions or Singapore FinTech Association certified firms).

Eligible Companies

Financial Institutions based in Singapore^[3]
FinTech firms certified by Singapore FinTech Association (SFA)

IBF-STS Funding Quantum

TRAINING COURSES	Commencing 1 Jan 2023
TRAINING COURSES	Commencing 1 Jan 2023
ELIGIBLE INDIVIDUALS [4]	Singapore Citizens and PRs	Singapore Citizens aged 40 years and above
FUNDING AMOUNT FOR DIRECT TRAINING COSTS [5]	50% capped at S$3,000 per participant per course	70% capped at S$3,000 per participant per course

Funding support for the same course will be granted only once per calendar year per participant.

Footnotes:

[1] Critical Core Skills are common, transferable skills that enable individuals to be employable and employed, facilitate their career mobility, and enable the acquisition of Technical Skills and Competencies relevant for job roles in the sector. Examples include creative thinking, problem solving, and communication. For more information, please refer to SkillsFuture Singapore's website here.

[2] Future-Enabled Skills are skills that will complement existing functional and technical skills required across various job functions. Examples include agility, data storytelling, and content generation strategies. For more information, please refer to the IBF website here.

[3] 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.

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

[5] 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 IBF-STS Accredited Programmes

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

Aviva Ltd

A.B. Maximus & Co

Agilitics Pte. Ltd.

Accord Business Solutions Pte Ltd

Australian and New Zealand Institute of Insurance and Finance

Australia & New Zealand Banking Group Limited

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

ATD Solution (S) Pte. Ltd.

AIA Singapore Private Limited

Aventis Learning Group Pte. Ltd.

ACAMS (Singapore) Pte. Ltd.

Agilitics Pte. Ltd.

Alpha Development Partnership Pte. Ltd.

Agilenlite Pte Ltd

AgileAsia Pte Ltd

Advent Connect Pte. Ltd.

B

Bells Institute of Higher Learning Pte. Ltd.

BTS Asia Pacific Pte Ltd

Best of Me Pte Ltd

Baker & Mckenzie Wong & Leow

Bank Julius Baer & Co. Ltd.

Bondblox Pte. Ltd.

Beacon Consulting Pte Ltd

BPP Singapore Pte. Ltd.

Bank of Singapore Limited

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

Fortress Advisers 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

X

Xaltius Pte. Ltd.

Financial Institutions (In-house programmes)

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