'Open Banking' App Part Of Industry Shake-Up

Customers will be able to manage their money and compare products from different banks in a single digital app under radical reforms designed to "shake- up" the industry. The Competition and Markets Authority (CMA) has unveiled a package of measures which it says should help customers shop around to get a better deal and allow smaller and newer banks to grow. Alasdair Smith, chairman of the CMA's retail banking investigation, said: "We are breaking down the barriers which have made it too easy f