Research On Internet Financial Individual Credit Reporting System Based On Big Data

In recent years, many new types of financial services on the Internet have emerged because of technological progress and big data service. The rapid development of the Internet finance not only impact on the modern financial system,but also bring new issues for the financial market.Firstly, the Internet financial model promotes a large amount of business opportunities and changes the financial industry competition situation.Secondly,the Internet financial model is helpful to promote the "Inclusive Finance" as well as the private financial development.However, compared to the reform and development of the financial industry, reform and development of credit system in China is obviously hysteretic. Therefore, the potential risks and regulatory issues need to be pay attention to. The Credit Company " bankruptcy" exposures the lack of Internet financial supervision and the backward of the credit reporting system, and it goes against the development of Internet finance. The construction of Internet financial credit information system has become the urgent priority.This paper mainly carries on the discussion on how to combine Internet finance and credit reporting, proposing the establishment of the Internet finance reporting system based on the credit reporting system of People’s Bank of China. We also suggests to regulate Internet finance credit reporting system.There is four parts of this paper: First of all is the introduction. The research background, ideas,the literature reviews, the significance, and Innovation and the insufficiency of this article are discussed in this part. Then the current situation of Internet finance credit reporting system in China is discussed in the second part. The third part is about the construction of foreign Internet finance credit reporting system. The forth part is the key part of the paper, it analyses the background and the principle,then it builds an ideal model as well as basic structure.At last the passage analyses the possible problems we may face.