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Root =/= insecure. You probably have administrator access on your home computer operating system, and can very likely do online banking via the web browser with no issues. A secure API is possible regardless of the host metal, operating system, or user permissions.
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Do you refer to app-accessible root or user root access? The former is absolutely inherently insecure and compromises the security model of Android/GOS.
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Root on computers is insecure. Malware can steal secrets from other applications. We're just used to it, but the Android security model is much better.
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Bingo!

Compliance =!= Security

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This does not play a role - even if you lock your bootloader Play Integrity Checks still fails, and that means you can't use certain apps, MDM and overall restricts your usage. Thank Google for that.
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