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Cayman Islands Financial Services Institute Approved as Post-Compulsory Educational Institution

Business 04 Jun, 2024 Follow News

Paul Byles, Founder, FSI

The Cayman Islands Financial Services Institute (FSI) has announced its recent approval as a post-compulsory educational institution by the Cayman Islands Education Council.

This milestone allows the FSI to expand its educational offerings, providing enhanced learning opportunities for those pursuing advanced studies in financial services and compliance.

Paul Byles founder of the FSI explained the significance of the FSI registration with the Ministry of Education.

“It’s been an incredible journey since launching less than 18 months ago.  With 12 accredited compliance short courses, two 1-year diplomas in collaboration with 2 universities, and the recent accreditation of our financial services foundation seminar, I don’t believe the FSI could have had a more successful entry as a key training institute for our financial services sector”, said Byles.

Byles explained that the key to the FSI successful take up has been the fact that its courses are all directly relevant to the Cayman Islands industry and regulatory framework.

“The Institute was designed specifically for international financial services and offers courses that fully reflect the Cayman Islands context,” he said.

The FSI offers a comprehensive curriculum designed to equip students with the knowledge and skills needed to excel in the dynamic financial services sector.

With this registration milestone, its collaborations with 2 universities, accreditation of its compliance courses by the Associate of Certified Financial Crime Specialists, access to qualified and experienced guest lecturers, the FSI prepares students for successful careers in financial services.

The recent approval by the Education Council also means that Caymanians can now apply to the government for scholarships for the FSI’s diploma and other courses.

Since its launch in 2023 with two one-year diplomas in partnership with two universities, the FSI continues to be at the forefront of providing targeted training designed to meet the ever-evolving needs of the financial services industry, promoting better compliance, and fostering professional development.


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