AusFinance

Is it though? No offence but the vast majority of "people" do not know authentication well enough to be given their choice of login method.

And when we entrust non-security vendors to implement their own authentication, you get situations like ServiceNSW encrypting and storing credentials with a 4 digit pin.

If a bank wants to use a security vendor to strengthen their authentication, that's better than the alternative, I'd prefer that to what I have experienced with one of the big 4 where they still use SMS.