That’s the case for many counties but that’s only between the banks within that country because that’s all that one government can require banks to implement. The EU has to do something to get things moving between counties, otherwise nobody is going to agree on anything voluntarily.
I wonder when that became a thing. I migrated at the beginning of the year and had to manually add all subscriptions because Google Podcasts had no way of exporting anything.
I guess someone made a GDPR complaint.