> Why do people need banking on their phones though? Banks have websites too.
reply2FA. I was a smartphone hold-out for longer than anyone I know, but banks mandating 2FA with no options for doing it in a standards-compliant way or any way that doesn't involve the app stores was what finally broke my resistance.
This is asked again and again. Apparently you guys in the USA or in other parts of the world are still lucky, but in Europe banks must be compliant with regulation that more or less force them to do 2FA through their app with the biometric authentication of either an Android or an iOS phone. There are other ways (eg giving a hardware OTP generator to customers,) but apps are the cheapest solution.
replyDo you have a link with information about this?
replyI'm just wondering since I'm currently using 3 different European banks without any biometric authentication to unlock my phone, password manager or provide a 2FA.
I'm asking so that I can adjust in time to any new regulations I'm not aware of.
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Thank you!
replyI kind of jumped at the "biometric" part of your original comment.
Now I understand what you mean better and I'm not worried about my setup (although I question how it complies, but that is another matter).
You can still find banks in Europe that do not force Google and Apple on you. They may ask you to use their own security devices for instance.
replyMy bank has no website or physical branches. They’re mobile-only, but their app is leaps and bounds ahead of the competition.
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