My bank sends me an alert when my card is used to make a transaction - handy for spotting fraud.
I get an alert when a payment comes it - handy for knowing if a client has paid.
I can quickly check my balance - handy for knowing if I can afford another round of drinks.
I can repay a friend in two taps - handy if they've paid for dinner.
Is anything essential? No. Is it something people use multiple times per day? Yes!
Could all of these be handled through openbanking?
Yes
I can get alerts in email or messages, no need dedicated app for that, I can track there also my balance, so only useful thing app provides are easy wire transfers from phone, which I never do, if I wanna transfer money is much more convenient work big display, proper keyboard and mouse than from phone.
You actually check your email regularly? How much effort does it really take to transfer a balance on a phone?
For Bank Of America it’s:
1. Click on “pay & transfer”
2. Click on “transfer”
3. Click on “From” and choose account
4. click on “to” and choose account
Then type in the amount and and click on the date?
Is it really that much easier on a computer?
That's great for you but unfortunately the overwhelming majority of people do indeed regularly use these features.
We've cultivated a tech culture that can't stand the slightest inconvenience. People will give up nearly everything if it means avoiding the least bit of effort.
We are so boned
So yes if it weren’t for people wanting convenience the “Year of Linux on the Desktop” would have happened 25 years ago.
What do you suggest? Everyone carry around their desktop computers and our CRT monitors like we did when we wanted to play Quake with friends?
"if I wanna transfer money is much more convenient work big display, proper keyboard and mouse than from phone"
You realize how ridiculous this sounds, right?
It reads like he made typos/autocorrect mistakes on his mobile phone!
Which is a pretty funny illustration of the gist of what he was saying… it’s easier to make mistakes on phones.