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19 April 2000
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| The Hongkong and Shanghai Banking
Corporation Limited, Hang Seng Bank and i21 Limited today announced
that they will be offering an Internet-based software solution
which integrates a full range of Mandatory Provident Fund ("MPF")
and human resources management functions with bank autopay services.
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| Designed and developed by i21
Limited, this online MPF management solution is tailored for
HSBC and Hang Seng Bank, and customised to address the human
resources, financial and administrative needs of their MPF customers.
It allows business corporations to enjoy reliable, convenient
and comprehensive back office support through software solutions
on the Internet. |
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| Mr. David Humphreys, Chief Executive
of HSBC Provident Fund Services, said: "With this innovative
online management tool, we will be able to enhance and further
extend our existing MPF service portfolio, which already includes
administration, trustee, custodian and investment management
services. In fact, this is consistent with HSBC Group's ongoing
commitment to deliver a one-stop shop, hassle-free administration
of retirement schemes under the MPF system." |
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| Mr. Chan Kin-por, Hang Seng
Bank's Assistant General Manager and Head of Insurance Group,
said: "Hang Seng Bank and HSBC are proud to pioneer and deliver
this Internet-based software which integrates MPF with payroll
and other human resources management functions. Customers can
now enjoy our comprehensive MPF and autopay services all under
one roof." |
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| This Internet-based MPF management
solution includes an online automated payment service provided
by HSBC and Hang Seng Bank, which enables efficient and reliable
autopay for both MPF as well as payroll requirements. Other
powerful and user-friendly features include a comprehensive
range of human resources management functions over the Internet,
from payroll administration, salary tax calculation to personnel
information management. Taking the role as a technical partner,
i21 Limited has utilised its existing and proven software product,
iHR21, to deliver a proprietary package which addresses the
needs of the two banks and their MPF customers.. |
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| Dr Timothy Kwok, Director of
i21 Limited, said: "We are delighted to be given this exciting
and challenging opportunity to design and develop for HSBC and
Hang Seng Bank a customised web-based MPF solution. Not only
do we provide the technology and product support, i21 Limited
shares with these two leading banking institutions in Hong Kong
the same service philosophy and commitment to offer total package
solutions to customers. To this, we work closely together to
provide this customer-oriented web-based MPF management solution." |
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