Due to the fast growth of the financial services industry, and the consequent requirement for accelerated development of human capital, The Financial Academy (formerly known as the Institute of Banking and the Institute of Finance - Est. 1964) has redirected its strategy. The Financial Academy has moved from the provision of conventional academic education, toward a progressive strategy of developing the professionals in the industry on a competence basis. This approach is delivered by setting competence standards, awarding professional certifications, providing high quality, competency-based learning solutions and thereby creating enhanced professional capability.