Earlier quoted context omitted.
>make banking apps not work anymore If you live in a country where you have to use your phone for banking and can't use the web then you need to talk to your politicians. That seems like a pretty extreme violation of your freedom. As much as I dislike the US at least we don't have that.
Some banks and bank-like products only make themselves available by mobile app. It's a commercial decision, and seems to have been a trend with some "challenger" banks. I have two of those, and I chose them because of unique banking features (not the mobile app) not offered by other banks which I found valuable. It's nothing to do with the country. To be honest it would be nice to have web access as well (or even pho…
It's not only the challenger banks: nowadays banks will also encourage you to use their app for 2FA. You can use a proprietary token instead, but you'd have to pay for it (the app instead is free). 2FA sms is not supported with some banks (and that's good).
I think the UK is an exception, since for 2 of the banks I had accounts with, they just used a 2nd "memorable" password as "2FA" (avoiding the requirement of a smartphone)