"Just yesterday, an app that directly impacts my money, asked me to make it more secure" - how did you survive?

Vemno doesn't get your bio data, it just gets a true or false from the OS.

I had to do a government ID upload and a live face scan to install my banking app on a new phone even though I had other devices I could have used to authorize it. It made me want to switch banks, but where do you go?

Jesus fucking Christ this is bleak. You should not have to do this. If your bank allows a browser log in just use that.

DO NOT trust financial institutions with your data. They WILL leak it. Its only a matter of time.

For what it's worth, Venmo will not get access to your biometrics data, it's a black box in which you specify a desired level of authentication and the OS just returns ok/not ok.

It is, however, to make you use Venmo more easily, thus more often, thus spend more money through them.