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
ELIGIBLE INDIVIDUALS
[4]
Singapore Citizens and PRsSingapore 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

  1. 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

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)