GoBear becomes partner Hong Kong’s growing Open API framework
Personal finance comparison website GoBear announces that it is proud to be amongst the first data partners to integrate BOCHK’s APIs into its website.
The API integration will facilitate easier access to BOCHK’s financial products on the GoBear website, more opportunities for both parties to innovate on products and deliver faster to the market. Users can look forward to new products, more options and better experiences.
Says GoBear Country Director for Hong Kong, Sandy Lau, “We’re proud to partner with an innovative bank like BOCHK. We share the joint mission of bringing greater transparency of financial products to the consumer. We are excited about the new opportunities that have been made possible with the launch of HKMA’s Open API initiative, GoBear will be leveraging this framework to enhance our platform’s products and features to fulfill our mission of helping Hong Kong consumers search, compare and get the products they need.”
Says Dick Ho, Deputy General Manager, Personal Banking Products Department, BOCHK
“We understand that many Hong Kong users like to use comparison websites to learn more about financial and insurance products, such as travel insurance plans. Through our cooperation with active market players such as GoBear, users now have another channel to access BOCHK’s products and enjoy a more streamlined customer experience.”
GoBear is a leader of innovation in the Asian Fintech space, frequently collaborating to solve challenges in the financial services sector at local levels. Three months ago, it announced plans to release a smartphone app that would increase financial access to millions of underbanked in Southeast Asia.
Nelius Strydom, GoBear Chief Product Officer says, “GoBear is delivering true and innovative solutions to Asia’s financial services sector using the latest technologies. Open API frameworks are used globally and have a big role to play in bringing more transparency, competition and innovation to the sector. “
APIs, short for Application Programming Interfaces, are sets of rules that determine how different computer software communicate with one another. API integrations have been key enablers in smartphone application innovation and is set to drive open banking in financial services sectors around the world. In Asia, the momentum is starting to encourage the transparency of banking product information and shifting industry attitudes around fintech collaboration.
Read more on the GoBear website