What is the difference between PSD2 and Open Banking? Naomi June 18, 2019 08:14 Updated Follow Very simply, PSD2 tells businesses what new services and products they’re able to offer; Open Banking, tells them how. More on this from the Open Banking Implementation Entity (OBIE) https://www.openbanking.org.uk Related articles Is Open Banking only a UK thing? Which UK banks and account types are supported? Where does TrueLayer come in terms of regulation? Can I add more than one user email to my Console account? Which banks can I use to make payments from? Comments 0 comments Article is closed for comments.