FAQ

CFtP Designation

What’s the CFtP designation?

CFtP stands for Chartered Fintech Professional.
A professional qualification.
Attests to charterholder achieving a high standard of knowledge, skills and competency in the areas of Finance, Fintech, as well as ethical and professional practice.
Awarded by the Global FinTech Institute (GFI), a global organization of Fintech professionals.

How is the CFtP awarded?

Designation conferred upon passing all levels of CFtP exams.
2 years’ experience in Fintech.
Joining GFI as member.

How long is the CFtP valid for?

As long as a charterholder is a member of GFI in good standing.

How do I maintain my membership in GFI?

Make annual declaration about professional conduct.
Satisfy 20 hours of continuing education (CE) in Fintech or related areas every year. New charterholders are exempted from CE for two years.
Membership fees not in arrears.

CFtP Program

What’s the maximum period to complete the CFtP program?

5 years from start date of candidature.
January 1 start date: registration between July 1 and December 31, of previous year.
July 1 start date: registration between January 1 and June 30.

How is the CFtP awarded?

Designation conferred upon passing all levels of CFtP exams.
2 years’ experience in Fintech.
Joining GFI as member.

What’s the shortest time to complete the CFtP program?

1 year with exemptions from both Level 1A Finance and Level 1B FinTech modules.
2 years for all others.

How much time is required to prepare for the exams?

Varies according to individual’s circumstances.
Shorter for those with some background or exposure to some of the topics in the program.
Foundation and Level 1 modules: 40 hours per module expected.
Level 2: 50 hours per module expected.

How do I prepare for the exams?

CFtP is a self-study program.
A study guide is provided for each module (cost included in exam fee).
No recommended texts but most of the material can be found on the web.

Are there prep courses I can attend?

None at present.
GFI will accredit prep course providers in future.

CFtP Exam

Who can enrol in the program?

Anyone possessing a degree awarded by a recognised university of equivalent professional qualification, e.g. ACCA.
Must be above 21 years of age.

Which language will the exams be conducted in?

Exams in English. Other languages may follow.

How often are the exams conducted?

Foundation: Online exams conducted during the window periods of March-April and September-October.
Foundation: Candidates are allowed 5 attempts within each window period.
Level 1: Twice a year in-person exams in July and December.
Level 2: Once a year in-person exam in December.

Where would the exams be held?

Initially in Singapore (Singapore University of Social Sciences) and in Shanghai (Shanghai University of Finance and Economics)

What is the format of the exams?

Style of Questions

Foundation: 60 MCQ (3 or 4 choices).
Level 1: 90 MCQ (3 or 4 choices) per session.
Level 2: 75 MCQ and 3 short essay questions.

Duration of Exams

Foundation: 1 * 120-minute session.
Level 1A: 1 * 180-minute session – Finance modules.
Level 1B: 1* 180-minute session – FinTech modules.

Level 2A: 1* 180-minute session – Modules 2.1, 2.2 and 2.3.
Level 2B: 1* 180-minute session – Modules 2.4, 2.5 and 2.6.

Coverage of Topics Tested

Foundation: Number of questions from each module: 35% to 65% of total.
Level 1: Number of questions from each module: 15% to 35% of total.
Level 2: Number of questions from each module: 20% to 45% of total.

What is the minimum passing score (MPS)?

Not less than 65% for all levels. Final MPS decided by GFI.
Exam score is based on total for all modules.
No pass requirement for any module.

When would the results of the exams be announced?

Foundation: At completion of the exam.
Levels 1 and 2: Within 75 days of the exam date.

CFtP Program

What’s the maximum period to complete the CFtP program?

5 years from start date of candidature.
January 1 start date: registration between July 1 and December 31, of previous year.
July 1 start date: registration between January 1 and June 30.

How is the CFtP awarded?

Designation conferred upon passing all levels of CFtP exams.
2 years’ experience in Fintech.
Joining GFI as member.

What’s the shortest time to complete the CFtP program?

1 year with exemptions from both Level 1A Finance and Level 1B FinTech modules.
2 years for all others.

How much time is required to prepare for the exams?

Varies according to individual’s circumstances.
Shorter for those with some background or exposure to some of the topics in the program.
Foundation and Level 1 modules: 40 hours per module expected.
Level 2: 50 hours per module expected.

How do I prepare for the exams?

CFtP is a self-study program.
A study guide is provided for each module (cost included in exam fee).
No recommended texts but most of the material can be found on the web.

Are there prep courses I can attend?

There are review courses run by CFTP Academy which you can sign up for. Please check out: https://cftp.sg/
GFI will accredit prep course providers in future.

CFtP Exam

Who can enrol in the program?

Anyone possessing a degree awarded by a recognised university of equivalent professional qualification, e.g. ACCA.
Must be above 21 years of age.

Which language will the exams be conducted in?

Exams in English. Other languages may follow.

How often are the exams conducted?

Foundation: Online exams conducted during the window periods of March-April and September-October.
Foundation: Candidates are allowed 5 attempts within each window period.
Level 1: Twice a year in-person exams in July and December.
Level 2: Once a year in-person exam in December.

Where would the exams be held?

All exams would be conducted in an online remotely proctored format via online testing solutions provider, Prometric

What is the format of the exams?

Style of Questions

Foundation: 40 MCQ (3 or 4 choices).
Level 1: 90 MCQ (3 or 4 choices) per session. No penalty for wrong answers.
Level 2: Combination of MCQ and essay questions.

Duration of Exams

Foundation: 1 80-minute session.
Level 1: Morning 180-minute session – Finance modules.

Afternoon 180-minute session – FinTech modules.

Level 2: Morning 180-minute session – Modules 2.1, 2.2 and 2.3.

Afternoon 180-minute session – Modules 2.4, 2.5 and 2.6.

Coverage of Topics Tested

Foundation: Number of questions from each module: 35% to 65% of total.
Level 1: Number of questions from each module: 15% to 35% of total.
Level 2: Number of questions from each module: 20% to 45% of total.

What is the minimum passing score (MPS)?

Not less than 65% for all levels. Final MPS decided by GFI.
Exam score is based on total for all modules.
No pass requirement for any module.

When would the results of the exams be announced?

Foundation: Within 7 days of your exam date.
Levels 1 and 2: Within 60 days of the exam date.

CFtP Registration and Fees

Who can enrol in the program?

Anyone possessing a degree awarded by a recognised university of equivalent professional qualification, e.g. ACCA.
Must be above 21 years of age.

Which language will the exams be conducted in?

Exams in English. Other languages may follow.

How often are the exams conducted?

Foundation: Online exams conducted during the window periods of March-April and September-October.
Foundation: Candidates are allowed 5 attempts within each window period.
Level 1: Twice a year in-person exams in July and December.
Level 2: Once a year in-person exam in December.

Where would the exams be held?

Initially in Singapore (Singapore University of Social Sciences) and in Shanghai (Shanghai University of Finance and Economics)

What is the format of the exams?

Style of Questions

Foundation: 40 MCQ (3 or 4 choices).
Level 1: 90 MCQ (3 or 4 choices) per session. No penalty for wrong answers.
Level 2: Combination of MCQ and essay questions.

Duration of Exams

Foundation: 1 80-minute session.
Level 1: Morning 180-minute session – Finance modules.

Afternoon 180-minute session – FinTech modules.

Level 2: Morning 180-minute session – Modules 2.1, 2.2 and 2.3.

Afternoon 180-minute session – Modules 2.4, 2.5 and 2.6.

Coverage of Topics Tested

Foundation: Number of questions from each module: 35% to 65% of total.
Level 1: Number of questions from each module: 15% to 35% of total.
Level 2: Number of questions from each module: 20% to 45% of total.

What is the minimum passing score (MPS)?

Not less than 65% for all levels. Final MPS decided by GFI.
Exam score is based on total for all modules.
No pass requirement for any module.

When would the results of the exams be announced?

Foundation: At completion of the exam.
Levels 1 and 2: Within 75 days of the exam date.