Regional comparison website GoBear becomes latest data partner to join Hong Kong's growing Open API framework

- GoBear will be amongst Bank of China (Hong Kong)'s (BOCHK) first data partners to integrate the Bank's APIs into its personal finance comparison platform.

- API integration will facilitate easier access to BOCHK's financial products, and introduce more opportunities for both parties to co-create and better experiences for users.

HONG KONG, Jan. 29, 2019 /PRNewswire/ -- 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 has 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 fulfil 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.

For more information about GoBear, please visit www.gobear.com, and on LinkedIn at https://www.linkedin.com/company/gobear/.

About GoBear

GoBear is Asia's first and only metasearch engine in insurance and banking. We exist because we thought someone should make it easy to choose financial products like insurance, credit cards and loans. We don't sell anything. Our comparison results aren't influenced by service providers' commissions or advertising. We just offer a simple, free and transparent way for people to compare financial products, empowering people to make better-informed decisions efficiently, saving both time and money.

Headquartered in Singapore since early 2015, we're one of the fastest growing Fintech startups in Asia. We're now in 7 countries including Hong Kong, Indonesia, Malaysia, Philippines, Thailand & Vietnam. To date we have served over 40 million users comparing more than 1,500 personal finance products.

Related Links :

https://www.gobear.com