What is the IBF Standards
Training Scheme (IBF-STS)?

The IBF Standards Training Scheme, offered under the IBF funding, provides course fee subsidies for training and assessment programmes accredited under the Skills Framework for Financial Services. It is open to both eligible self-sponsored individuals and company-sponsored individuals.

IBF - Vertical Institute

What courses can I enrol for with IBF Funding?

Upskilling in tech has become the new norm for many individuals, especially with technological advancements and a shift in job operations. With the IBF funding, you’ll be able to kickstart your upskilling journey and learn high-growth tech skills. Vertical Institute offers tech courses that are eligible for IBF funding.

For more information, please visit the links below:

Data Analytics

Master Excel, SQL and Tableau. Learn how to leverage data to make critical business decisions.

From $950 after funding*
Claimable with SFC and UTAP

Cybersecurity

Learn critical cybersecurity skills and toolsthat will fast-track your career in thisbudding industry

From $627 after funding*
Claimable with SFC and UTAP

UX Design

Learn to design meaningful digital experiences and build your portfolio.

From $627 after funding*
Claimable with SFC and UTAP

Advanced Data Analytics

Learn advanced Excel, SQL, and Tableau from expert data analysts in Singapore.

From $627 after funding*
Claimable with SFC and UTAP

Digital Marketing

Gain digital marketing skills in SEO, SEM, Facebook, Instagram, TikTok and more.

From $627 after funding*
Claimable with SFC and UTAP

Blockchain & Cryptocurrency

Learn about Bitcoin,
blockchains, cryptocurrencies,
NFTs and more.

From $627 after funding*
Claimable with SFC and UTAP

Seven Lessons - Vertical Institute

All four courses consist of seven lessons each, with each session lasting three hours.

Flexible Schedules - Vertical Institute

To better fit your schedule, classes are held on evenings and weekends.

Beginner Friendly - Vertical Institute

Beginner-friendly and structured to be completed in a month, the lessons are conducted by industry

Expert Instructors - Vertical Institute

Experts that come from top tech companies such as Google, Gojek, and Apple.

Professional Certification - Vertical Institute

Upon successful completion of the course, participants will receive a professional certification

To join our courses, simply sign at Vertical Institute. Our admissions team will get in touch with you shortly after for step-by-step guidance.

For further clarification on course content, schedules or fees, reach out to us at
c[email protected], Whatsapp, or call us at 6950 7023.

Eligible for IBF Funding - Vertical Institute

Who is eligible for IBF funding?

The eligibility requirements are:

Applicants must be a Singaporean citizen or a Permanent Resident (PR) that is physically based in Singapore.
Applicants must successfully complete the course, which includes fulfilling the minimum attendance requirements and passing the assessment component of the programme.

IBF-STS Funding Quantum

	Course commencing between 1 July 2022 - 31 December 2022 (Both dates inclusive)	Course commencing 1 Jan 2023
Eligible Singapore Citizens and PRs	Funding amount for direct training costs: 70% capped at S$7,000 per participant per course	Funding amount for direct training costs: 50% capped at S$3,000 per participant per course
Eligible Singapore Citizens aged 40 years and above	Funding amount for direct training costs: 90% capped at S$7,000 per participant per course	Funding amount for direct training costs: 70% capped at S$3,000 per participant per course

How do I obtain the IBF Funding?

IBF funding support operates on a nett fee model. Eligible self-sponsored and company-sponsored individuals are only required to pay the unsubsidised portion of the course fee. The nett fee can then be fully paid with your SkillsFuture Credits.

Training providers will claim the course fee subsidy from IBF directly.

How to Claim IBF Funding

1. Self-sponsored Individuals
Self-sponsored individuals are not required to submit claims for the subsidy. Upon successful completion of the course, your training provider will help to submit the course fee subsidy claims to IBF.

2. Company-sponsored Individuals
Company-sponsored individuals must be working in an eligible company such as the following:

Financial Institutions that are regulated by the Monetary Authority of Singapore
Singapore FinTech Association (SFA) certified FinTech Firms

What they say about Vertical Institute

It was my first time that I used skillfuture to sign up with VI, and the learning experience was totally great! The course content and its online lessons were well-paced and conveniently carried out. Instructor Stan was knowledgeable and detailed in his trainings and his TAs were helpful. The course training materials were useful and well prepared for. It was highly recommended to join VI. Thank you VI and fellow instructors!

Lina Kwek

Took the Data Science bootcamp and it was well worth waking up early on the weekends for a month. Trainer Sifat guided us, and the bootcamp provided a good introduction to Python including being able to use what we learnt in the capstone. Funding was via IBF and the remaining via skillsfuture credits.

Yong Ann Ooi

Signed up to Data Science Bootcamp in Aug’22 and glad to know that the course was fully funded by IBF Funding and Skills Future Credits. Lessons were very interesting and pace was just right for programming noobs like myself. I also got to attend the lessons in the comfort of my home as the classes were conducted via Zoom. Highly recommended for those who would like to have hands-on knowledge on Python programming.

Lynn Ho

Completed the UX Design Bootcamp recently, the Bootcamp’s course modules were very structured and interesting, suitable for beginners with no UX background. The classes were very engaging and lecturer, Jags and teaching assistant, Glavis were very friendly and helpful in sharing their UX knowledge and experience. Will definitely recommend Vertical Institute to my peers, especially with the IBF subsidy making the course more affordable.

Shiqi Chew

The instructors and admin was very friendly ,helpful and patient in answering our questions thoughout the course. Recommended to sign up for the courses while IBF funding is still available!

Renald

Overall a useful course. The course includes skills of Excel, Tableau and SQL that are needed in data analytics. Moreover, it is IBF-accredited.

TB

Frequently Asked Questions

What does IBF refer to?

IBF stands for the Institute of Banking & Finance (IBF) Singapore. It is the national accreditation and certification agency for financial industry competency in Singapore under the Skills Framework for Financial Services, which was established in partnership with the industry.

What is the purpose of IBF?

The Institute of Banking and Finance (IBF) aims to promote the development of the financial industry in Singapore by enhancing the skills, knowledge, and professionalism of industry professionals. The IBF serves as a national accreditation and certification agency for financial professionals in Singapore and works closely with industry stakeholders to develop and implement training programs and qualifications that meet the evolving needs of the financial industry.

What is IBF funding?

There are two main schemes provided under the IBF funding – IBF Standards Training Scheme (IBF-STS) and IBF Financial Training Scheme (FTS). Under these schemes, eligible individuals may receive up funding support off course fees on IBF funded courses in Singapore.

How do you qualify for IBF funding?

For Self-Sponsored:
All Singaporeans or Singapore Permanent Residents (PRs) that are physically based in Singapore and successfully complete the course will be eligible.

Be a Singaporean Citizen or PR physically based in Singapore
Minimum of 75% attendance (this means that you must attend at least 6 out of 7 lessons)
Pass the assessment

For Company-Sponsored:

Be from Financial Institutions that are regulated by the Monetary Authority of Singapore (MAS) (either licensed / exempted from licensing) or Fintech companies that are registered with the Singapore Fintech Association.
Be a Singaporean Citizen or PR physically based in Singapore
Minimum of 75% attendance (this means that you must attend at least 6 out of 7 lessons)
Pass the assessment