Use this shortcut from Ricky Mondello, the lead for Apple’s password development team.

I get the feeling they wanted to do a Passwords app for some time but needed to get, probably executive-level, buy-in to get it done.

Apple will get bad PR about this: they are “Sherlocking” password managers. 1Password will write a blog post about how this is actually good for them because now password management is mainstream; 3rd party password managers will decide to focus more on the enterprise market; Microsoft will come out with a competing password manager that re-uses the name of a previous product and is bundled with Edge, etc. How it always goes.