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Empower Your Finance Career with IBF-STS Coding Courses

by | Feb 22, 2024


In the rapidly evolving finance sector, continuous professional development is not just beneficial; it’s necessary. Staying ahead in a field as dynamic as finance requires a commitment to ongoing learning and skill enhancement. Recognising this need, the Institute of Banking and Finance (IBF) Standards Training Scheme (STS) offers a pathway for professionals to elevate their capabilities. This blog explores how IBF STS coding courses serve as a cornerstone for those looking to advance their finance careers and the available subsidies. 

Overview of IBF-STS Coding Courses

IBF-STS coding courses are professional development programmes recognised for their alignment with the standards set by the Institute of Banking and Finance. These courses are specifically designed to upgrade the skills of professionals in the financial sector, ensuring they remain at the forefront of industry demands and technological advancements.

At Heicoders Academy, an institute dedicated to advancing tech education in Singapore, we offer a curated selection of these IBF-STS accredited courses. Our offerings in Python programming, data analytics, machine learning, and web development provide finance professionals with a comprehensive learning path to acquire the critical skills required to navigate and succeed in today’s digital economy as well as future innovation within the financial sector.

Course Details

AI100: Python Programming and Data Visualisation

The AI100 course introduces beginners with no programming background to data analysis and visualisation using Python, emphasising its application in finance. This online course, spanning eight lessons of three hours each on Zoom, is tailored for finance professionals aiming to leverage data insights in their work. Participants will learn to analyse and visualise data, a vital skill for informed decision-making.

The course, part of the AI and DA Nanodegrees, is accessible with IBF, SkillsFuture, and UTAP subsidies, reducing fees to as low as $720 for eligible Singaporeans. Led by an experienced instructor and supported by teaching assistants, the course offers personalised learning, ensuring no prior experience is needed.

AI200: Applied Machine Learning

The AI200 course demystifies machine learning, equipping participants with the skills to employ machine learning models to make micro-decisions for companies to improve business outcomes. . Conducted online, it consists of eight sessions lasting three hours each, delivered via Zoom. Designed for those intrigued by technology and problem-solving, this course encourages practical learning through real-world projects.

Included in both AI and DA Nanodegrees, AI200 is notable for its beginner-friendly yet industry-relevant approach. Prerequisites are minimal, requiring only a basic understanding of Python. With IBF, SkillsFuture, and UTAP subsidies, course fees can be reduced to $720 for qualifying Singaporeans. An expert instructor, aided by one to two teaching assistants, ensures a supportive learning environment, making advanced technology skills accessible to all.

DA100: Data Analytics with SQL and Tableau

The DA100 course opens the gateway to data analytics, offering the essential tools of Structured Query Language (SQL) and Tableau to unveil insights from data. This seven-session online course, accessible through Zoom, is designed for beginners without any programming background, making it ideal for professionals across various sectors aiming to enhance their decision-making capabilities with data analytics.

Part of the DA Nanodegree, DA100 transcends technical skill acquisition, positioning data analytics as a transformative skill for anyone in today’s data-centric environment. With IBF, SkillsFuture, and UTAP subsidies, the course becomes highly accessible, reducing fees to as low as $630 for eligible Singaporeans. Led by an experienced instructor and supported by teaching assistants, DA100 fosters proficiency in data dashboard creation in Tableau and empowers participants to navigate and lead in the data-driven world.

SE100: Responsive Web Development

The SE100 course equips participants with the fundamental skills required in software engineering, catering to a growing demand across various industries. This beginner-friendly course, requiring no prior background, is structured over ten online sessions via Zoom, each lasting three hours, and is an integral part of the SE Nanodegree.

As digital technology becomes increasingly embedded in our daily lives and workspaces, the ability to develop software is becoming an essential skill. SE100 introduces coding and application development, enabling participants to tackle real-world problems, optimise tasks, and enhance digital experiences across sectors.

With IBF, SkillsFuture, and UTAP subsidies, course fees are significantly reduced, starting at $720 for eligible Singaporeans. An experienced instructor, supported by one to two teaching assistants, guides participants through the curriculum, ensuring personalised attention. This course prepares learners for diverse career paths in digital and traditional sectors and future-proofs their skills in the tech-driven landscape.

Understanding the IBF-STS Subsidy

The IBF STS subsidy is a financial support mechanism designed to encourage and facilitate the upskilling of professionals within Singapore’s financial sector. By offering up to 70% funding for accredited training and assessment courses, it aims to elevate the proficiency of the workforce. Focused on programmes recognised under the Skills Framework for Financial Services, IBF STS ensures that learning opportunities are both high in quality and directly relevant to the industry’s evolving demands. The objective is to equip finance professionals with the necessary skills to adapt and thrive, thereby reinforcing Singapore’s standing as a global financial leader. This alignment accentuates the commitment to fostering a continuously learning and dynamically skilled financial workforce, crucial for the sector’s ongoing growth and innovation.

Eligibility Criteria for IBF-STS Subsidy

The IBF-STS subsidy caters to both self-sponsored and company-sponsored individuals, enhancing its reach within the financial sector.

Eligible individuals include Singapore Citizens or Singapore Permanent Residents who are physically based in Singapore and have completed an IBF-STS accredited course, including passing all relevant assessments and examinations.

Eligible companies encompass Singapore-based financial institutions regulated by the Monetary Authority of Singapore (MAS), whether licensed or exempt from licensing by MAS, and FinTech firms certified by the Singapore FinTech Association (SFA), ensuring that the subsidy supports organisations at the forefront of financial innovation and regulation.

How to Apply for the IBF-STS Subsidy

To apply for the IBF-STS subsidy, follow these step-by-step guidelines:

  1. Select an Eligible Course: Begin by choosing an IBF-STS accredited course that matches your professional development goals, like those available at Heicoders Academy. You can find IBF-STS supported courses via the IBF portal.
  2. Verify Eligibility: Ensure you meet the eligibility criteria as a Singapore Citizen, Permanent Resident, or part of an eligible organisation within the financial sector.
  3. Register via the Course Providers Website: Register for the course via the course providers website. For instance, in our case, you will apply for the course via our registration page. The course provider will then submit the IBF claims on your behalf to IBF.

Please note that the application process and required documentation may vary slightly based on specific course requirements and any IBF policy updates. Always refer to the latest information on the IBF website or contact Heicoders Academy for the most current guidance.

Selecting the Right Course for Your Career Goals

When choosing an IBF-STS course at Heicoders Academy, consider your career objectives and the specific skills you aim to acquire. For individuals looking to delve into data analytics for financial insights or those interested in web development to craft finance-focused applications, aligning your choice with personal aspirations and industry demands is crucial. These courses bridge skill gaps, ensuring you gain relevant, practical knowledge. By evaluating your career path and the competencies required to advance or pivot successfully, you can select a course that fulfils your immediate learning needs and contributes significantly to your professional growth and skill enhancement.

Advance Your Finance Career 

Utilising the IBF-STS for professional development through Heicoders Academy broadens your skillset and strategically positions you for success in the dynamic finance sector. We encourage you to seize this opportunity to elevate your career with our comprehensive IBF STS coding courses designed to meet the evolving needs of finance professionals. These courses offer a pathway to career advancement, enabling you to stay competitive and relevant in the industry. For more details on our course offerings or to enroll, please visit our website or contact us directly at +65 8801 9333.

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