lol, this is such an aggressive reaction. People won't always live where you live. Be kind to others, don't assume there's something wrong until you gather the full context.
similar to how the central bank forced every major bank to adopt PIX (our instant payment system), they're doing the same with open banking.
Sure, it's not exactly "open" for end users. But now, as a company, I can build a personal finance app without asking for my end users bank account password. This is so much better UX-wise.