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- Advent of a New Digital Era for the MPF System: eMPF Platform (28 October 2024)
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Advent of a New Digital Era for the MPF System: eMPF Platform (28 October 2024)
Ms Angela Knight, Director of Legal Services & Company Secretary of the eMPF Platform Company, spoke at the main conference of the Hong Kong Fintech Week 2024 yesterday (28 Oct), introducing how the eMPF Platform (eMPF) would reshape the MPF ecosystem through fintech and bring tremendous benefits to all stakeholders of the MPF System.
Ms Knight emphasized that the eMPF, a major financial infrastructure in Hong Kong, would standardize, streamline and automate the administration processes of MPF schemes through fintech, thereby improving the operational efficiency of the MPF System, elevating user experience and driving significant fee reductions as well as paving way for future reform initiatives. She also highlighted that the launch of the eMPF marked the start of a new digital era for the MPF System. When all MPF schemes get onbaord the eMPF, scheme members will be able to manage their accounts in different schemes and perform transactions across schemes anytime and anywhere, enjoying the benefits that fintech brings to the MPF System.
Organized by the Financial Services and the Treasury Bureau and InvestHK, the Hong Kong Fintech Week (28 Oct – 1 Nov) gathered global leaders in innovation, technology, and finance to explore the future development of fintech, attracting over 30 000 participants from more than 100 economies.
