IBF Standards Training Scheme (STS)

The IBF Standards Training Scheme ("IBF-STS") provides funding for training and assessment programmes accredited under the Skills Framework for Financial Services.

About IBF Certification

IBF-STS approved courses address the following Technical Skills and Competencies (TSCs) and proficiency level:

  • <TSC and its corresponding proficiency level>

Participants are encouraged to access the IBF MySkills Portfolio (https://www.ibf.org.sg/programmes/Pages/MySkills-Portfolio.aspx) to track their training progress and skills acquisition against the Skills Framework for Financial Services.

You can apply for IBF Certification after fulfilling the required number of Technical Skills and Competencies (TSCs) for the selected job role

Find out more about IBF certification and the application process on https://www.ibf.org.sg/certification/Pages/Why-be-Certified.aspx

To view IBF Certification Video.

Courses available for IBF-STS Funding:


Enterprise Architecture Skillsets
Certificate of Fundamental Understanding in Aligning IT with Business (Business IT Architecture Fundamental training)

- Associate Certificate in Business Technology Strategy (Business Technology Strategy training)

- IASA Foundation Certified (Architecture Core Training)

- Associate Certificate in Infrastructure Architecture (Infrastructure Architecture training)

- Associate Certificate in Solution Architecture (Solution Architecture Training)

- Associate Certificate in Business Architecture (Business Architecture Training)

- Associate Certificate in Software Architecture (Software Architecture Training)

- Associate Certificate in Information Architecture (Information Architecture Training)

- TOGAF® 9

- ArchiMate 3 Foundation and Practitioner


(1) Enhanced Funding Support for IBF-STS

MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%. This existing scheme will also be expanded to include workers in eligible FinTech firms. 

 
 

Enhanced Funding Support 

Funding Quantum

​For training programmes commencing between 8 April 2020 and 31 December 2021 (both dates inclusive):

  • -90% of direct training cost*
For training programmes commencing between 1 January 2022 and 30 June 2022 (both dates inclusive):
  • -80% of direct training cost*
  • -Singapore Citizens aged 40 years old and above will be eligible for 90% co-funding of direct training costs.

Grant Cap

S$7,000 per participant per programme

Training Grant Allowance (TAG)

Only available for training programmes commencing between 8 April 2020 and 30 June 2022 (both dates inclusive) and completed no later than 30 September 2022

Eligible Individuals#

  • ​-Company-sponsored individuals or self-sponsored participants
  • -Singapore Citizens or Singapore Permanent Residents, physically based in Singapore
  • -Successfully completed IBF-STS recognised programme (including passing all relevant assessments and examinations).

Companies eligible to submit claims for company-sponsored participants^

  • -​Singapore-based financial Institutions regulated by MAS (licensed or exempt from licensing by MAS)
  • -FinTech firms certified by Singapore FinTech Association
*Direct training cost would be based on the gross programme fee charged by the external training provider or apportioned basic salaries of internal staff involved in developing and/ or delivering in-house programmes. 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 programmes will also be eligible for support.
#Individuals who attend a programme in the capacity of an instructor or facilitator, e.g. presenter/speaker/panelist are not eligible for IBF-STS funding.
^SkillsFuture Credit (SFC) cannot be used to co-fund the programme fees of company-sponsored training programmes.

(2) Training Allowance Grant

The Training Allowance Grant (TAG) aims to help Financial Institutions and FinTech firms manage manpower costs and support the skills upgrade of their employees.  

Company Sponsored Participants
Grant Amount S$15/hour of eligible training and assessment hours ​S$10/hour of eligible training and assessment hours
Eligible STS Courses
  • ​-Commencing between 8 April 2020 to 30 June 2021 (both dates inclusive)
  • -Completed no later than 30 September 2021
  • ​-Commencing between 1 July 2021 to 30 June 2022 (both dates inclusive)
  • -Completed no later than 30 September 2022
Eligible Participants - Singapore Citizens or Singapore Permanent Residents, physically based in Singapore - Singapore Citizens or Singapore Permanent Residents, physically based in Singapore
 
TAG will only be disbursed to the eligible sponsoring companies upon the participants’ successful completion including fulfilling the minimum attendance requirements and passing the assessment component of the IBF-STS programme.  
 
For more info on IBF-STS, please click here.

Submission of Claims

For details on the claims submission process, please click here 

Financial Institutions and FinTech firms may email their queries to [email protected]

Check out other Regional Training Schedules or Learning Certifications​​​​​
For enquiries, please contact us at (65) 6386 0331 / 32
Email: [email protected] 

SkillsFuture Credit aims to encourage individual ownership of skills development and lifelong learning.

From 1 Oct 2020, Singapore citizens aged 25 or above will receive a one-time $500 SkillsFuture Credit Top-up.
 
Singapore citizens aged 40 to 60 in 2020 will receive an Additional Skills Future Credit (Mid-Career Support) of $500 claimable for SGUnited Skills courses, SGUnited Mid-Career Pathways Programme - Company Training courses and Career Transition Programmes.
 
The $500 Skills Future Credit Top-up and $500 Additional Skills Future Credit (Mid-Career Support) will expire on 31 Dec 2025.
 

The outstanding 10% of the courses below can be paid by this Skills Future credit:


Enterprise Architecture Skillsets
Certificate of Fundamental Understanding in Aligning IT with Business (Business IT Architecture Fundamental training)

- Associate Certificate in Business Technology Strategy (Business Technology Strategy training)

- IASA Foundation Certified (Architecture Core Training)

- Associate Certificate in Infrastructure Architecture (Infrastructure Architecture training)

- Associate Certificate in Solution Architecture (Solution Architecture Training)

- Associate Certificate in Business Architecture (Business Architecture Training)

- Associate Certificate in Software Architecture (Software Architecture Training)

- TOGAF® 9

- ArchiMate 3 Foundation and Practitioner

Visit the SkillsFuture Credit website for more information.

Check out other Regional Training Schedules or Learning Certifications​​​​​
For enquiries, please contact us at (65) 6386 0331 / 32
Email: [email protected] 

*Up to 90% CITREP+ funding support available for
Enterprise Architecture Certification Training Programmes

(Validity: TBA)
 
MR Code: CITREP+/FY19/MR/19-08/761 
CITREP+ is a programme under the TechSkills Accelerator (TeSA) – an initiative of SkillsFuture, driven by InfocommMedia Development Authority (IMDA) and in partnership with strategic partners; Workforce Singapore (WSG) and SkillsFuture Singapore (SSG), as well as collaboration with industry partners and hiring employers. TeSA offers various programmes to support professionals to upgrade and acquire new infocommtechnology (ICT) skills and domain knowledge that are in demand, and to stay competitive and meet the challenges of a fast-moving digital landscape.

Roadmap for Maximum Learning Experience

 

Category Type Singapore Citizen Permanent Resident
(with effect from 1 August 2017)
Training Course and Certification Certification Only Training Course and Certification Certification Only
Organisation-Sponsored Non SMEs Up to 70% of the nett payable course and certification fees, capped at $3,000 per trainee Up to 70% of the nett payable certification fees, capped at $500 per trainee Up to 70% of the nett payable course and certification fees, capped at $3,000 per trainee Up to 70% of the nett payable Certification fees, capped at $500 per trainee
SMEs Up to 90% of the nett payable course and Certification fees, capped at $3,000 per trainee
Professionals (40 years old and above)
Self-Sponsored Professionals Up to 70% of the nett payable course and certification fees, capped at $3,000 per trainee Up to 70% of the nett payable certification fees, capped at $500 per trainee    
 

Up to 70% of the nett payable course and certification fees, capped at $3,000 per trainee Up to 70% of the nett payable certification fees, capped at $500 per trainee 
 

Professionals (40 years old and above) Up to 90% of the nett payable course and certification
fees,
capped at $3,000 per trainee

List of Citrep+ Supported Courses:​​



ITIL4®
ITIL4® Foundation Certification

 
Administered by the Infocomm Media Development Authority (IMDA), the CITREP+ funding support is eligible for Singapore Citizens and Permanent Residents. Valid for courses and examinations commencing from 1 April 2019 to 31 March 2022.

Terms and conditions apply. Please visit www.imtalent.sg/citrep for full details.
 
Supported by:
     

Check out other Regional Training Schedules or Learning Certifications​​​​​
For enquiries, please contact us at (65) 6386 0331 / 32
Email: [email protected]