Because all the banks are invested in the company that manages bank logins
Comment on Nothing pulls its iMessage app from the Play Store following privacy disaster
NuXCOM_90Percent@lemmy.zip 1 year agoIt doesn’t help that banks are normalizing this.
I recently began changing banks. To authorize a transfer from one to the other, my only option was to login via a popup. No place to specify account details just “log into your account to give us permissions”. Fortunately the new bank is competent so I did it from that side, but it is still normalized insanity
cdf12345@lemmy.world 1 year ago
What’s even worse is typically in the terms of those 3rd party sites, they say they can monitor your balances and transactions until you tell them to stop.