You jest, and generally you’re right, but my experience looking at my bank account after staying in Poland for a week was “wow, I only spent how much???”
The cost of living where I live has risen dramatically since the global financial crisis, but wages have stayed the same.
So the banking app doesn’t really change the conundrum either: I get to learn what I actually paid after my money is gone. Granted though, the feedback loop is shorter.
And then: I don’t use banking apps, no. I find them a step in the wrong direction too, because they marry my finances with (exactly) a smartphone with an approved version of Android or iOS. Or in other words: a random proprietary standard. The more people use banking apps, the less attention going to the open standard, namely the website. And thus people become more dependent on approved versions of Android/iOS.
Now to get into my bank’s website, I need to use a TAN generator device. And using that thing on the go is unfortunately inconvenient. FIDO would be awesome, but alas, apparently banks would rather push their apps with half-baked security than implement a decent authentication standard.
Yeah, the joy of finding out after your vacation what you paid for things and what conversion fees were added is truly unparalleled.
You jest, and generally you’re right, but my experience looking at my bank account after staying in Poland for a week was “wow, I only spent how much???”
The cost of living where I live has risen dramatically since the global financial crisis, but wages have stayed the same.
Why wait until you get home? Don’t you have a bank app on the phone where you can see the withdrawals immediately after the purchase?
So the banking app doesn’t really change the conundrum either: I get to learn what I actually paid after my money is gone. Granted though, the feedback loop is shorter.
And then: I don’t use banking apps, no. I find them a step in the wrong direction too, because they marry my finances with (exactly) a smartphone with an approved version of Android or iOS. Or in other words: a random proprietary standard. The more people use banking apps, the less attention going to the open standard, namely the website. And thus people become more dependent on approved versions of Android/iOS.
Now to get into my bank’s website, I need to use a TAN generator device. And using that thing on the go is unfortunately inconvenient. FIDO would be awesome, but alas, apparently banks would rather push their apps with half-baked security than implement a decent authentication standard.