People like you or I may know what we’re doing with a rooted device, but I think the issue for the banks is that they can’t guarantee that someone with a rooted phone knows what they’re doing or isn’t using a malicious app, so they have to be cautious and block all rooted phones.
An app that requires root may look like a normal app but it could be a trojan that modifies banking apps in the background (eg patches them on disk or in RAM so transfers done through the app go to a different recipient). There’s been malicious apps in the Play Store in the past, and rooted apps have way less oversight - some are literally just APK files attached to XDA-Developers posts or random blog sites.
I take your point, and I’m sure you’re right about the banks’ rationale, but in my own view it does not seem like it should be the banks’ decision to make.
People like you or I may know what we’re doing with a rooted device, but I think the issue for the banks is that they can’t guarantee that someone with a rooted phone knows what they’re doing or isn’t using a malicious app, so they have to be cautious and block all rooted phones.
An app that requires root may look like a normal app but it could be a trojan that modifies banking apps in the background (eg patches them on disk or in RAM so transfers done through the app go to a different recipient). There’s been malicious apps in the Play Store in the past, and rooted apps have way less oversight - some are literally just APK files attached to XDA-Developers posts or random blog sites.
I take your point, and I’m sure you’re right about the banks’ rationale, but in my own view it does not seem like it should be the banks’ decision to make.