Not really, banks are simultaneously really smart and really stupid about security. They do incredibly annoying things that don't do anything or are negligible security wise all the time
Some bank apps won't work if they detect your phone is rooted for "security" when root just gives you the ability to grant administrative access to apps. And yet this is the default way desktops/laptops operate.
Some banks refuse to let you pick your own username and instead assigns you a number that's sometimes random and sometimes just your primary account number. Why? "Security" and just for even more "security" you have to wait for them to send you that info and a pin through snail mail