The IBF Standards Training Scheme (“IBF-STS”) provides funding for data analytics training in Singapore and assessment programmes accredited under the Skills Framework for Financial Services.

For our training programmes that are accredited under the IBF Standards, eligible Singaporeans & PRs that are physically based in Singapore can apply for funding support under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.

For training programmes commencing from 1 Jan 2023 onwards:

• 50% of direct training cost*
• Only Singapore Citizens aged 40 years old and above will be eligible for 70% co-funding of direct training costs.
• Funding support is capped at $3,000
• Kindly note that from 3 Oct 2022, GST funding support will no longer be applicable for all courses.
• Funding of training courses under the Critical Core skills and Future-Enabled skills categories will only be available to locals (Singapore Citizens or Singapore Permanent Residents) employed in the financial sector (i.e. by financial institutions or SFA certified FinTech firms)

For more information on the funding support, please visit: https://www.ibf.org.sg/programmes/Pages/IBF-STS.aspx