⏱ 2 min read
Background
Banking and finance jobs are changing under the effect of automation, digital tools and new regulatory requirements. In Geneva, the sector employs 40,000 people, according to the Geneva Financial Centre Foundation. The Institut supérieur de formation bancaire (ISFB) trains the staff of its member institutions.
The key points
On 12 November 2026, ISFB announced the creation of the ISFB Prevention Fund. Operational from 1 January 2027, it is open to employees of ISFB member institutions in the canton of Geneva.
The fund finances a personalised assessment and coaching when the job, tools or requirements of a position change. The request can come from the employee or the employer. A selection committee approves each application, within the limits of the fund’s resources.
The selected programme is fully covered, for both the beneficiary and the institution; no money is paid out directly. The size and funding method of the fund have not been disclosed. The scheme complements employers’ training policies and public schemes.
What it means for businesses
- ISFB member banks : they can offer their teams funded reskilling at no direct cost.
- Staff : they can adapt their skills before their professional situation deteriorates.
Who says what
- Mathias Baitan (CEO of ISFB): the aim is to adapt one’s skills without waiting for one’s situation to deteriorate.
- Edouard Cuendet (director of the Geneva Financial Centre Foundation): the fund supports the future of Geneva’s banking and financial sector.
What's next
- Fund opens to first applications on 1 January 2027.
Further reading
Sources
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