Comment by Elfener
3 months ago
It may not be banks themselves doing this.
For example, my bank here in Hungary, Erste Bank has announced that the central bank requested that they stop allowing their android app to run on "modified" devices.
They even have a workaround: switch to SMS-based 2FA and use their website (which works well on any screen and has all the features of the app except 2FA)
> the central bank requested
That's the answer, it's regulatory bodies causing this.
In 90% it's insurance compliance.
Is this is something small regional banks in the US do? I'd actually be very interested to know about who is providing, and who is taking such coverage if this is being (re)insured. If you have any market data/news, I would love to know.