You mean the bank that already has all of your private information including address, email, phone number, social security number, mother's maiden name, and bank account numbers? The bank isn't getting any information from an app that they don't already have.
Well you chose to side-step my entire point that a bank app would no longer need to declare, in easy to read terms, data collected, shared and sold by their app such as: LOCATION TRACKING which is something a bank would not normally have access to.
Banks do not need the Apple App store in order to thrive, like insurance companies, cable companies etc, they have a captive audience, not one that needs to be found and marketed to so they can leave the app store easily. Admittedly they may or may not do so but if a bank found a reliable income source from selling location data I bet they will and if the cost of that revenue stream is leaving the Apple App Store I bet they will.
Last edited: