Just yesterday I got a venmo prompt to add biometrics for "security". F off.
The issue is that the good news are often incremental, while the bad news come in large steps, which makes them much more noticeable.
It is, however, to make you use Venmo more easily, thus more often, thus spend more money through them.
Vemno doesn't get your bio data, it just gets a true or false from the OS.
DO NOT trust financial institutions with your data. They WILL leak it. Its only a matter of time.