Date: 6 June 2023

(L-R) Mr. Paul Byles, Founder, FSI; Prof. Karl Wöber, President, Modul University; Dr. Byron Coon, President, ICCI

The newly established Cayman Financial Services Institute (FSI) has recently signed formal partnership agreements with European and Cayman-based universities for its two highly anticipated diploma programmes.

The FSI, a new training and education initiative announced in September last year by its founder Paul Byles, will provide education and training programmes in partnership with various accredited institutions focused on professional development within the financial services industry.

In addition to numerous training seminars and accredited webinar courses the FSI has launched two diploma courses: the Cayman Islands Compliance Diploma (CCD) and the International Financial Services Diploma (IFSD). Both programmes are scheduled to run from September 2023 to September 2024. 

“I am very excited that after a robust period of reviews of the course curriculum and assessment methodology, two credible tertiary institutions have partnered with the FSI to deliver these two very important diploma programmes,” said Byles.

Modul University and ICCI will partner with the FSI on its diploma programmes.

Modul University, based in Vienna, is a prestigious international university for business and economics, with a strong research focus on international management, service-related industries, tourism, sustainability, data science, and the design of information systems.

“Modul’s focus on International Management, Sustainability, Governance and Tourism and Service Management makes it an ideal partner for the FSI and brings several positive synergies for the Cayman Islands generally,” said Byles.

Prof. Karl Wöber, President of Modul University, said “Our academic team was very impressed with the quality of the FSI’s Diploma programs.”

“We have reviewed the curricula based on the common standards at Modul University Vienna and we were happy to certify that these programs comply with the requirements for programs offered by our University,” he added.

ICCI is the Cayman Islands’ oldest college and is registered with and recognized by the Education Council of the Cayman Islands Government. ICCI is accredited as a Premier College by the Accreditation Service for International Schools, Colleges and Universities (ASIC) (UK).  ICCI’s business programs are accredited by the International Accreditation Council for Business Education (IACBE), and offer Associate of Science, Bachelor of Science, Master of Science, and Master of Business Administration degrees. The Association of Chartered Certified Accountants (ACCA) has granted “Exemption Accreditation” to the college.

“ICCI has demonstrated that they are keen to tailor their programs not only to meet the needs of the Cayman Islands economy but to also prepare its students for the global marketplace. I am looking forward to working with them on these important programmes which are aimed at giving students an important edge in an increasingly competitive industry”, said Byles.

Dr Byron Coon, President of ICCI, said “ICCI continues our commitment to offering programmes that meet the needs of the Cayman Islands community with our partnership with the Financial Services Institute.  We are confident that these two new diploma course offerings by the Financial Services Institute will benefit the community and we are proud to be in involved in programs with a direct relevance to the Cayman Islands financial services industry.”

Applications for both diploma programs begin on June 6th 2023 via the FSI’s website at www.caymanfsi.ky