Research on the Synergistic Development of Big Data Credit Reporting and Open Banking Models

With the rapid advancement of information technology, digital transformation has become an inevitable path for bank transformation. Against this backdrop, the synergistic effect between big data credit reporting and open banking models has emerged as a core driving force for financial innovation. However, the current integration of big data credit reporting and open banking still faces several challenges, including insufficient consumer awareness, data privacy and security concerns, and fragmented technical standards. Through representative case studies, this paper analyzes the current development status of big data credit reporting and open banking models in China, explores the opportunities and challenges for their synergistic development, and proposes targeted countermeasures. The findings aim to provide valuable insights for promoting the synergistic development of big data credit reporting and open banking models in China.