What is Open Banking? Naomi June 08, 2018 10:35 Updated Follow Open Banking is an initiative by the UK’s Competition and Markets Authority (“CMA”) to provide British consumers with more choice when it comes to products and services in lending, payments, savings tools, and every-day banking. Related articles What is the difference between PSD2 and Open Banking? How does Open Banking provide more choice for consumers? How can I find out more on RTS? Where does TrueLayer come in? Is it safe? Comments 0 comments Please sign in to leave a comment.