The Research Of3rd Party Payment Institution Data Based Fiancial Service

The3rdparty payment institution is important to the infrastructure ofpayment and settlement. This research is to find the history, existence necessaryand the future of payment industry in China.Internet and big data technology leads to business innovation. At present,the3rdparty payment industry is reforming to do internet financing service notonly payment and settlement business. The article will study how paymentcompanies use huge data owned, to provide innovative financial service. Howthe financial product be distributed to client by internet and new channel.Regulation is the key factor to the financial activities. Over regulatingblocks innovation, inadequate regulating brings mess, which was proved manytimes in China in the past. The article researched the regulation system;try tofind effective regulation method to support internet financial service.