Analysis About The Application Of China Unionpay Big Data In Credit Reporting Industry Of China

In recent years,with the development of Internet technology,the heat of the big data is higher and higher,its application also gradually penetrated into various industries,and opened an unprecedented era of big data.In this era of big data,credit service that base on the data collection,collation,storage,processing,and eventually to information users provide the credit reports have become more and more.China unionpay as China bank card organization,through unionpay transaction settlement system have fund a counting system between the commercial bank.The system have cover 900 million unionpay cardholders,nearly 5 billion unionpay cards,more than 3000 domestic online merchants and about 2000 foreign Internet merchants.Data is the basis of the credit reporting industry,big data not only provides abundant data resource but also changed the credit concept of product design and production for credit reporting industry development.Credit reporting industry development in China is still at an early stage,firstly credit legal system is imperfect,secondly the database is fragmented,and the problem of data processing ability needs to improve finally.For now,China's credit reporting industry faces opportunities and challenges coexist,analysis the application of China UnionPay's big data in credit reporting industry is of great significance.This paper is divided into six chapters.The first chapter mainly introduces the background,significance,methods and innovation of the research.The second chapter is a brief analysis of the characteristics and sources of large data of China UnionPay Co.,Ltd.(hereinafter referred to as China UnionPay).The third chapter analyzes the application of China UnionPay's big data in credit reporting industry.The fourth chapter,mainly to seek development opportunities and challenges faced by the China UnionPay.The fifth chapter is the analysis of the five-force model of China UnionPay big data in credit industry application.The sixth chapter is conclusion.Review the extraordinary development of credit reporting industry in our country,it has initially formed a market-oriented credit market.All kinds of credit bureaus are complementary,credit information and value-added services have become more and more multi-level and comprehensive.China's credit reporting industry has experienced "ten years grinding sword",and become enter a new thriving era now.With the promulgation and the implementation regulations on the management of credit reporting industry,and increasingly diversified market main body,the service quality and level of credit industry are improving significantly.China UnionPay big data has a natural credit attributes,but it also have more to try and explore to form a unique credit development model.