Submission for Funding Support
IBF has a wide range of programmes and schemes to support the reskilling, upskilling, reskilling and talent development efforts of financial institutions in Singapore. Developed with our industry partners, they are tailored to support financial institutions in six key areas:
Claims Submission on IBF Portal
IBF Portal is for any company to submit documents to IBF e.g. training providers who need to submit training programmes for IBF’s review and accreditation; or for Financial Institutions to submit training grant claims for reimbursement. The IBF Portal account is free of charge.
Entities who wish to submit funding support claims for their workforce transformation and workforce training efforts will need to submit their application to to create a Corporate Login Account on the IBF Portal.
Only 1 account may be created per entity.
The entity would be identified through the Unique Entity Number (“UEN”), which is the ACRA’s Registry of Companies (ROC) number of the entity.
The applicant will also indicate the Management Representatives authorised to manage the account in their application.
Management Representatives to be appointed for each application should be a member of the company’s management who is a department head or above.
The Management Representatives are assigned with the following rights within the IBF Portal:
(i) Ability to verify and submit claims for grants, on behalf of your organisation to IBF;
(ii) Ability to create and manage organisation details (including bank account details);
(iii) Ability to appoint and remove module Administrators to manage the respective modules within the system;
(iv) Access to all system notifications between IBF and the Administrators.
There should be 2 Management Representatives appointed at all times to ensure check and balance. The CEO may appoint himself as one of the Management Representative.
The application form has to be completed and signed by the Chief Executive Officer (or equivalent) of the organisation, with the organisation stamp affixed.
The applicant entity must also submit the Direct Credit Authorisation (DCA) form to provide the details of the bank account that funding disbursements are to be deposited into. The DCA form must be endorsed by the Bank before being sent to IBF via email at membership@ibf.org.sg.
The Applicant are required to ensure that the documents and information submitted are true, accurate and complete. IBF may request for additional information to support its evaluation of the application.
Submission of the application form does not constitute a successful application. Applications are deemed to be complete and valid only if (i) details are submitted online via the IBF Portal and the signed copies of the Application Form for IBF Portal Account and DCA forms are sent to membership@ibf.org.sg
IBF will notify the CEO and the Management Representatives of the account upon successful application and a link will be provided for the Management Representative to activate the account on behalf of the entity. The account must be activated within 5 days as the activation link expires after.
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