Research On The Value Motivation And Path Choice Of Commercial Banks To Develop Open Banking Business

In recent years,with the progression of interest rate marketization and the intensification of financial disintermediation,the traditional business model of commercial banks is facing greater challenges.The open banking business born under the background of the vigorous development of financial technology has gradually attracted the attention of commercial banks.Through the development of open banking business,commercial banks export their products and services to various online platforms,embedding financial business into various network traffic platforms closely related to commodities,housing,transportation,and enterprise operations.The development of open banking business not only provides support for the digitalization of industry but also extends the channels for the traditional business of commercial banks,which has become an inevitable selection for banks’ transformation to digitalization.This thesis discusses the motivations and path selections by commercial banks to develop open banking business.The first is the social value,including supporting the real economy,developing inclusive financing,and supporting the rural revitalization;the second is the commercial values,including establishing a stable customer acquisition channel and obtaining low-cost settlement deposits.The path selections include the development modes of open banking and the selections of scenarios.This thesis summarizes the practice of various types of commercial banks in the development of open banking business,using Bank C as an example.Further discussions include the value motivations and the selections of mode and scene of developing open banking business,summarizes the safeguard measures for Bank C to develop open banking business,and finally presents the suggestions for future development.Through the study on the development of open banking business of commercial banks,this thesis draws the conclusion that there are obvious differences in the value motivations and path selections of different types of commercial banks in the development of open banking business and discusses the focus of the development of open banking business of various types of commercial banks.The thesis also introduces the typical practices and cases of various types of commercial banks developing open banking business.Especially using Bank C as an example,this thesis further discusses the value motivations,path selections,and specific safeguard measures of open banking business,so as to provide a useful reference for commercial banks to develop open banking business.