Research on Regulation of Personal Financial Data Sharing in Open Banking

Open banking is a platform-based and ecological business model based on data sharing, which has the characteristics of "disruptive innovation". The value mainly reflected in fusion mining basis essence open sharing. As new key production factor driving development financial industry era digital finance, personal still many challenges practice banking, such as leakage risk, sharing authorization correlation risk with third-party institutions, lack supervision risk. Based word frequency statistics comparative analysis non-bank empirical study shows that China’s significantly increased construction since 2018, among banks poor profitability high level regard an important direction transformation upgrading. However, also brings risks network security results confirm improves probability bank violations. Combining existing three types compulsion, Self-regulatory, Self-regulatory l boost regulatory, this paper argues it suitable for our country to adopt regulatory mode.