EU Sovereignty Score
EU sovereignFintech & NeobanksHeadquarters: IT

HYPE: sovereignty score and 8 European alternatives

HYPE is a digital current account and payments app that combines a bank account, a payment card and a smartphone app for everyday spending, travel, bill payments and savings. The offer is addressed to private customers and businesses. The account is sold by Banca Sella S.p.A. through the HYPE app.

HYPE is a brand of Banca Sella S.p.A., an Italian bank with its registered office in Piazza Gaudenzio Sella in Biella. Banca Sella Holding S.p.A. exercises management and coordination over the bank, so the parent is Italian and no foreign owner is involved. The privacy notice names Banca Sella S.p.A. as data controller, states a preference for processing within the EU, and says that transfers outside the EU rely on adequacy decisions or appropriate safeguards. It does not name a hosting location or cloud provider, which should be checked before use.

Sovereignty score
71 / 1000 = high exposure
100 = sovereign
  • Jurisdiction SOV-2100
    Headquartered in the EU: European law applies
  • Data residency SOV-3100
    EU-only hosting
  • Cryptographic key sovereignty SOV-360
    Key management with a European vendor
  • Freedom from lock-in SOV-640
    Closed source: switching requires data migration
  • Source & runtime sovereignty SOV-4 · SOV-655
    Closed source, runtime with the vendor

SOV codes: the matching objective in the European Commission's Cloud Sovereignty Framework. Official source

How the score is calculated

Facts and evidence

Last checked October 10, 2026
Headquarters
IT (EU)Verified by hand
Sovereignty model
Vendor-hosted (EU)Verified by hand
Data hosting
EUVerified by hand
Open-source
NoVerified by hand
GDPR-compliant
YesVendor-stated
Category
Type
Product
Website

How we verify · Something wrong? Suggest a correction

Top EU-based & GDPR-compliant alternatives to HYPE

The European alternatives to HYPE come from our knowledge base of over 6,800 vendors. We only list vendors headquartered in the EU or the EEA; fully European-owned vendors rank before vendors with a foreign owner. For each alternative you see the country, the open-source status and a short description.

Score per alternative: 0 = high exposure, 100 = sovereign

116 European Fintech & Neobanks vendors are in the catalogue. View the whole category · Submit an alternative · View category on the map

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Why digital sovereignty matters with HYPE

HYPE is headquartered in IT and therefore falls under European law: the GDPR, NIS2 and the Data Act. No foreign legislation can compel access to your data.

Data is hosted exclusively in the EU, so HYPE scores best on data residency.

HYPE is closed source and hosted by the vendor. The encryption keys and the runtime sit with the vendor and switching requires data migration. Ask about bring-your-own-key, export options and open standards.

What this means for your organisation depends on your whole stack and context. The free assessment weighs HYPE together with your other vendors and gives a total score, a heatmap and the main risk drivers.

Frequently asked questions

What is the best European alternative to HYPE?

It depends on your use case. Strong EU alternatives to HYPE include 1822direkt, ActivoBank and Air Bank. On this page you can compare 8 EU alternatives by jurisdiction, data residency and open-source status.

Are there open-source alternatives to HYPE?

Our list of EU alternatives to HYPE is mostly commercial options. Browse the category on the map for open-source choices.

Is HYPE GDPR-compliant and where is the data hosted?

HYPE is headquartered in IT (EU) and hosts data in EU. That makes HYPE an EU-sovereign choice in its own right; the EU alternatives on this page are comparable European tools.

Details and sources

Verified by handHeadquarters, owner, hosting locations and licence have been checked by us against public sources. Free of charge and for every vendor, not a paid label. Nothing in this knowledge base is taken over automatically. Last checked on October 10, 2026.

Sources

Public sources used in the latest check of this record.

Compliance evidence

The links below point to the vendor's own public documents. We only record what we found: a missing link means "not found publicly", not "not compliant".

No public compliance evidence has been recorded for this vendor yet. Do you know its DPA or subprocessor list? Something wrong? Suggest a correction

Digital sovereignty in Fintech & Neobanks

Fintech & Neobanks: Digital banks, neobanks, money transfers and fintech services. In this category the choice of vendor determines who has legal access to your data, where that data lives and how easily you can switch later.

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8 European alternatives to HYPE — GDPR-compliant & EU-hosted · EU Sovereignty Score