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It verifiably does not on open source and free android roms like Graphene. Unsure where you're getting your info.
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No one even brought that up. We're discussing being able to install unsigned/self signed APKs. Please stay on topic and take your strawman elsewhere.
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The ability to install signed and unsigned APKs directly correlates to the financial institution policy regarding mobile devices and banking apps. Unsure how you've separated these two.
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I use GrapheneOS with the Dutch ASN banking app and the ICS credit card app. Pretty much all other major Dutch banks work as well.

https://privsec.dev/posts/android/banking-applications-compa...

Google Pay does not work, but some other NFC payment apps do (e.g. Curve).

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[citation needed]

I run GrapheneOS and use several US-based banking apps. I'll not name them since I don't really want my HN account associated with my financials in any way, but I've got a mix of well-known national bank apps and smaller local credit union apps working.

I'll admit there is a single institution's app I've found that doesn't work, but that is just one of several that I use.

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For me, the showstopper would be NFC payments. From what I understand, Google Pay doesn't work on Graphene. I have all my credit cards in GPay, as well as a transit card. I use it for boarding passes when I fly, and any other tickets/passes that support it, since it tends to be much more reliable than the airline or ticketer's app. I've come to heavily rely on it, unfortunately.
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I haven't tried this, because I try to minimize Google exposure, but I think Google Wallet (minus NFC payments) works on GrapheneOS. So, tickets, boarding passes, etc. should work fine.
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