Earlier quoted context omitted.
*will solve it with laws. I'm working with a fintech company in Germany at the moment that asks users for their internet banking credentials. Apparently it's quite common in Germany.
That's very strange. Here in Norway we have a unified login system for banks and state services that lets you set up the login with your own bank then any other service that needs you to log in will delegate the login process to your bank and never needs any of your details except for your personnummer (social security number in US/UK I suppose). Then your bank either asks for a code from a one time pad or sends a me…
Yeah, I heard from a colleague (so anecdotal) that apparently it's because Germany in general is quite behind in terms of digital services, which in part is due to still very patchy broadband in large parts of the country.