Have you considered that Europe is a fractional part of the world with close international relationships to its geographical neighbors and does not represent the rest of the world's experiences?
You mention the US as lagging behind Europe, which is true - but I assure you from my experience working in international fintech from the US, there are more people in the world than the entire population of my country with even worse banking security controls by default.
You mention the US as lagging behind Europe, which is true - but I assure you from my experience working in international fintech from the US, there are more people in the world than the entire population of my country with even worse banking security controls by default.