The London Institute of Banking & Finance (LIBF) has been acquired by IU Group, Europe’s leading edtech company and owner of IU International University of Applied Sciences. The acquisition was finalized on March 31, 2023, and LIBF is now a wholly owned UK subsidiary of the IU Group, operating as LIBF Ltd.

The collaboration between LIBF and IU aims to provide accessible education to students by leveraging LIBF’s expertise in the banking and finance sector and IU’s leadership in edtech. The partnership envisions synergies that will offer students a top-rated and customizable education regardless of their location. Embracing technology, particularly artificial intelligence (AI), is a key focus for IU, as it enables flexible online learning models that cater to individuals balancing work, family, and other commitments. LIBF will adopt this approach by integrating IU’s established online degree programs into their offerings, with a specific focus on critical skills like data and computer science, AI, and international business management.

Alex Fraser, CEO of LIBF, sees the partnership as a significant step forward that opens up exciting opportunities for students, members, and staff. By collaborating with one of Europe’s most successful and technologically advanced education companies, LIBF aims to expand its services globally.

IU has a strong track record of implementing personalized and hybrid learning models, as well as integrating AI and ChatGPT technology into its courses. With over 100,000 students, IU is at the forefront of technological developments in higher education. Their edtech innovation, “Syntea,” which includes a synthetic teaching assistant, has contributed to their success. These advancements in technology are also relevant to the banking industry, which is undergoing rapid changes due to online banking, fintech, and evolving customer expectations.

Through this partnership, LIBF and IU aim to stay ahead of the curve in the banking and finance education market, ensuring their students receive the latest knowledge and skills required by the industry. By embracing AI and technology, they will remain competitive and provide high-quality education in a rapidly evolving landscape.