Earlier quoted context omitted.
> You're just not entitled to have third parties trust that device with their systems and money. But its a bank, right? Its my money.
If malware on your phone steals it the bank could be on the hook. The bank can set terms on how you access their computers.
If there is real effective market (which is not in any country on Earth, especially for banks), you could say: vote with you money, choose bank which suits you. But it is impossible even with bakery, less with banks on market which is strictly regulated (in part as result of lobbying by established institutions, to protect themselves!).
So, on one hand, I must use banks (I cannot pay for many things in cash, here, where I live most of bars and many shops doesn't accept cash, for example, and it is result of government politics and regulations), and on other hand banks is not seen as essential as access to air and water, they could dictate any terms they want.
I see this situation completely screwed.