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Japan forces Apple and Google to open their mobile platforms • The Register
(www.theregister.com)
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Run Magisk in Zygisk mode with the deny list hiding itself from banking apps.
However I would advise not using the banking app if you can help it, they're not clean. Hell, even accessing online banking via a website seems to require connections to google.com and gstatic.com to perform hidden captcha (you don't have to do the picture thing but it still does the server side tracking).
There's no way anyone in Europe can use a bank account without a banking app. As I said, even if you log-in on a browser on a laptop, authentication still requires you grab your phone and use the banking app to authorize the log-in from that laptop once in a while, or any transaction.
Unfortunately, the solution you propose is technically too advanced for most people, including me. Is using GrapheneOS with its sandbox feature good enough of a protection?