Thanks, but no thanks?
I use GrapheneOS, but if you as a bank want to gate access to my money via some kind of technology, you better be including it as part of the account.
For example, HSBC continues to let me manage my bank account via the web browser, and continues to offer a battery powered hardware token as the means of authentication.
I let you hold my money, for whatever reason. Why do you expect me to be your distributed infrastructure provider? I am not going to let you require that I run your proprietary malware in order to access my own money.
The idea where you are effectively _expected_ to constantly provide free compute for companies to run their complete garbage on hardware _you own_ just for the privilege of giving them money is one of the most absurd trend in recent times.
I'd say that JS webapps are the same but at least there you run things on your terms in a sandbox that you can inspect and look at the requests, and there's no effective enclave carved out of your hardware (except for EME but that's another topic for another day and I'd be complaining if banks started to use it too).
You might be overthinking it. Most people want to use their phone for convenience, and if an app allows them to remove just one step in their banking activities, they'll probably do that.
As for the second part (separate authentication methods), sure, would be rather problematic if they require you to have a phone, but that's a completely separate and different issue.
Most people don't know they're also being taken advantage of. I'm mostly referring to data exfiltration.
Which isn’t legal in Europe and the UK. Get better consumer protection laws.
This is pretty extreme, it’s just an app for your convenience. I agree that web access should be provided too, but most people find apps more useful.
Do you not run apps at all?
> I am not going to let you require that I run your proprietary malware
This is likely meant as hyperbole, but South Korea's online banking requirements really tries to live up to this reputation
HSBC pressure you into using the app and I don't think there is a way back to the battery powered OTP device. At least not that I know in the UK. I resisted until the battery failed and they basically make you go into the branch and then plead why you can't use a smartphone. got sick of this dance after 3 years
Most of those devices are interchangeable, so if you have one from NatWest, Barclays etc it will probably work with your card. It's also possible to replaec the battery on most of them.
The one I got from Lloyds has a replaceable battery
JS webapps have one key feature in this respect, there's no possibility for banks to force particular OS/HW on you via attestation.
>Why do you expect me to be your distributed infrastructure provider?
...You realize that we're talking about banks, right? Institutions operating on a fractional reserve? Take your money, use it as collateral to print 10x their holdings in interest-bearing debt? Free to restrict your withdrawals and bail-in funds from your account to save their own hides? Those banks.
The Occupy Wall Street and Bitcoin dudes and dudettes had it right, which is why they were carefully marginalized and appropriated, respectively.