Granted, I'm mostly familiar with the Scandinavian bit of Europe, but you can't do jack shit with banking without 2FA which is tied into the national population register.
They decided in the 80ies or 90ies that "relying on knowing secret fixed magic numbers" was not ideal for authenticating people, and sat down and worked out solutions to that problem.
I was struck by how similar this seems to Ceph/RADOS/RBD. I.e. how they implemented snapshotted block storage on top, sounds more or less exactly the same as how RBD is implemented on top of RADOS in ceph.