Research On Risk Prevention And Control Of Chinese Open Banking Industry

Since 2018,open banking have developed rapidly in China,and many Banks have also been involved in the practice of open banking.In the context of Internet finance,the development of open banking brings great opportunities for the transformation and profitability of major commercial Banks,and also provides users with more convenient life services.However,in China,there are no special laws and regulations for open banking,and relevant regulations and policies have not been issued,so it is difficult to predict risks.Therefore,it is of great practical significance to study the risk prevention and control of open banking.Firstly,this article narrate the open banking related definition,development mode,carding domestic and foreign development situation,the facing risk,then through theoretical analysis and case analysis in China and abroad to open banking,to dig in the development of our country open banking risk and vulnerability,from the macro level and micro level analysis of open banking risks in our country.From the macro perspective,the risks faced by open banking mainly include legal and regulatory risks,relevant standard risks and policy risks.From the micro level,the risks faced by open banking mainly include business and business model risks,scientific and technological risks,and data security risks.Finally,in view of the above risks,Suggestions are provided for the future risk prevention of China's open banking from the national level and the bank's own level.