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 How can I find out more on RTS? What is the difference between PSD2 and Open Banking? How much does TrueLayer cost? Where does TrueLayer come in? Do I need to be regulated to provide PIS ? Comments 0 comments Please sign in to leave a comment.