In Sweden you now require hardware identity verification which can only be issued by a bank or similar authority. (It also work similar to Venmo but without the fees)
It's odd that Canada don't have this?
It's odd that Canada don't have this?
Also, in Lithuania (and many other countries) 2FA is hardware locked to your SIM card - can't really get new one without showing your Id in a shop (the shop doesn't really use the chip on Id tho).
Same for SIM swapping here in Sweden, they check your ID very superficially
Atleast Scotiabank didn't limit it to 6 characters.
I don't know about Canada but I feel like if you tried to implement this in Australia there'd be a lot of paranoia over a system like BankID with regards to privacy or gatekeeping