Understand the latest funding scheme for IBF Accredited courses and the subsidies you can enjoy with Aventis.
Transform and propel your career, learn in demand skills and credentials with our exciting suite of IBF funded courses in Singapore. The IBF Standards Training Scheme (“IBF-STS”) provides course fee subsidies to eligible company-sponsored individuals and self-sponsored individuals.
What is IBF ?
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 developed in partnership with the industry.
What is the 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 to 90% funding support off course fees on IBF funded courses in Singapore (Till the end of December only).
For the purposes of this blog, we will only cover the IBF-STS funding scheme which is available through Aventis Learning Group
IBF Standards Training Scheme (IBF-STS)
The IBF Standards Training Scheme (IBF-STS) offers course fee subsidies to both eligible self-sponsored individuals and company-sponsored individuals who complete training and assessment programmes accredited under the Skills Framework for Financial Services. The grant is capped at S$7,000 per participant per programme.
All Singapore citizens and Permanent Residents (PRs) who are physically based in Singapore may qualify for this subsidy.
Another important requirement is that individuals must successfully complete the course, including fulfilling the minimum attendance requirements and passing the assessment component of the programme.
How can I Secure the IBF Funding?
IBF funding support operates on a nett fee model. This means that eligible self-sponsored and company-sponsored individuals are only required to pay the unsubsidised portion of the course fee.
Training providers like Aventis Learning Group will claim the course fee subsidy from IBF directly.
How do i claim IBF funding?
1 – Self-sponsored Individuals
For self-sponsored individuals, you do not need to submit claims for the subsidy. Upon successful completion of your course, your training provider will help to submit the course fee subsidy claims to IBF.
2 – Company-sponsored Individuals
For company-sponsored individuals, you must be a Singaporean or PR that is physically based in Singapore and 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
- Can I further utilise my SkillsFuture Credits or NTUC UTAP for the course?
Additional Subsidies from NTUC Union Training Assistance Programme (UTAP) on top of amount payable AFTER IBF funding
Additionally, NTUC union members can utilise UTAP to offset 50% of remaining fees (capped at $250 per year for learners below 40 years old, and capped at $500 per year for learners above 40 years old).
To check on your NTUC membership status, please call NTUC hotline @ 6213 8008.
Check out Aventis IBF Accredited Courses
Participants who complete the IBF accredited course will receive a professional certificate of completion to enhance your credential.
Professional Certificate in AI Ethics & Governance in Action (2 Days)
Course Code: TGS-2022602084 ┃Fee: S$570 (After 70% Funding, GST included) – Additional 50% off this amount for NTUC union members!
This 2 Day Masterclass aims to provide guidance on issues to be considered and measures that can be implemented to build stakeholder confidence in AI and to demonstrate reasonable efforts to align internal policies, structures, and processes with relevant accountability-based practices in data management and protection.
You will be provided with an in-depth understanding of the various areas to watch out for deploying or using 3rd party AI technology. Learn more
- Date: 03 & 04 Aug 2023 (Thu & Fri)
- Time: 9.00am – 5.00pm
- Learning Mode: Face-To-Face Class at Holiday Inn
Click here to register now , limited seats available!
2 Days Turning Customer Complaints Into Our Opportunities
Course Code: TGS-2022602097┃Fee: S$486.40 (After 70% Funding, GST included) – Additional 50% off this amount for NTUC union members!
This 2-Day course will equip you with the skills to establish customer rapport and effectively respond to escalated service challenges and service opportunities, so as to develop customer relationships that build customer loyalty and confidence in the organization, turning customer complaints into your organization’s opportunities. Learn more
- Date: 20 & 21 Jul 2023 (Thu & Fri)
- Time: 9.00am – 5.00pm
- Learning Mode: Face-To-Face Class at Holiday Inn
Click here to register now before funding drops on January!
2 Days Effective Guide To Sustainability Reporting Course
Course Code: TPG-2022035709| Fee: S$$456.00 (After 70% Funding, GST included) – Additional 50% off EXTRA for NTUC union members!
This 2-day course will equip you with the knowledge & competency required to excel in sustainability reporting. This course is relevant for professionals and companies that are considering including sustainable reporting in their annual report or are required to report under SGX’s sustainability reporting requirements. Learn more
- Date: 03 & 04 Jul 2023 (Mon & Tue)
- Time: 9.00am – 5.00pm
- Learning Mode: Face-To-Face Class at Holiday Inn
How do I sign up for a course?
To register for our tech courses, simply RSVP your seats here and our course consultant will get in touch with you to guide step-by-step soon after.
For further clarification on course content, schedules or fees, reach out to us at training.aventis@gmail.com or contact us at 9835 5478.
For more information on IBF funded courses, please click on our FAQ below, or visit IBF website
