zlacker

Sadly, traditional banks are very eager to get rid of dedicated multi-factor devices in favour of their own mobile applications. I have seen strong encouragement via nagging and some going so far as to start charging for physical multi-factor authentication devices.

Likely this gives them another way to milk information out of you, push their marketing onto to you, and saves them from having to manage physical devices. The obvious downside is of course a degradation in security and further cementing the duopoly and more or less forced participation in it that we as citizens have to endure.