Retail Banking and Fintech Regulation

Programme Overview

Having a good understanding of licensing and permitted businesses under the different banking licenses is critical for operating in the banking industry. Being able to appreciate policy intent and requirements of various regulatory requirements and instruments is essential to the management of compliance risks. Beyond discussion on Singapore’s regulatory framework and regulatory expectations of retails banks, this course covers topics such as Consumer and Data protection. In the space of Fintech and Digital Bank, this course will discuss regulations surrounding non-financial business and the associated landscape which continues to evolve dynamically. Put together, the learner is offered comprehensive coverage of current and going forward regulatory considerations.

Total Training Duration: 13 CPD hours
Core FAA CPD: 13 hours
Core SFA CPD: 13 hours
Classroom Hours: 13
Preparatory Hours: 4

Learning Outcomes

By the end of this module, participants will be able to

Check their understanding of Singapore’s Regulatory framework, MAS supervisory approach and expectations with respect to retail banks.
Appreciate broadly regulatory knowledge relating to Banking Business and various License types, interaction of topics such as Consumer Protection & Data Privacy, Outsourcing & Cross border services etc. Spur learner to develop their critical thinking for practical application of these topics in their relevant context.
Strengthen the organization’s compliance understanding and controls relating to Regulations surrounding Credit Facilities in Retail Banking
Discuss Fintech and Digital Bank Regulations – regulations surrounding non-financial business and evolving landscape

Download programme brochure

Who Should Attend

This course is designed for compliance professionals within the financial services sector with at least 3 years of relevant experience, including legal, enterprise/operational risk, audit professionals and those in control functions in the 1.5 line of defence. It is also relevant for external lawyers, consultants and accountants advising the financial services sector.

Useful Links

Certification

Participants who successfully complete the programme will be awarded:

Accreditation

IBF Accreditation

This course is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.
For more information on the Skills Framework for Financial Services, please visit www.ibf.org.sg/home/for-financial-institutions/resource-tools/skills-framework-for-financial-services.

For more information on the IBF-STS, please visit www.ibf.org.sg/home/for-financial-institutions/resource-tools/skills-framework-for-financial-services.

Certification

About IBF Certification

This course addresses the following Technical Skills and Competencies (TSCs) and proficiency level:

Regulatory Compliance (PL4)
Regulatory and Legal Advisory (PL4)

Participants are encouraged to access the IBF MySkills Portfolio (https://www.ibf.org.sg/programmes/Pages/MySkills-Portfolio.aspx) to track their training progress and skills acquisition against the Skills Framework for Financial Services. You can apply for IBF Certification after fulfilling the required number of Technical Skills and Competencies (TSCs) for the selected job role.

Find out more about IBF certification and the application process on https://www.ibf.org.sg/certification/Pages/Why-be-Certified.aspx

Modules	Full Fees (S$)	Fees after subsidies inclusive of 9% GST (With effect from 1 January 2024) (S$)
Before GST	After GST	Company-Sponsored	Self-Sponsored

Note:

Prices shown are based on the prevalent IBF-STS subsidies. T&Cs apply.

Click here to read more about the terms & conditions governing registration, payment, cancellation, deferment and no-show.

Eligible SG citizens may utilise SkillsFuture Credit to offset course fees. This is only applicable for the regular SkillsFuture Credit, and not applicable for the SkillsFuture Credit (Mid-Career) additional top-up funding.

^#Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This may include materials fees, registration fees and misc fees.

The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.