EU sovereignFintech & NeobanksHeadquarters: CH

neon Switzerland: sovereignty score and 8 European alternatives

neon is a Swiss app for a digital current account, offered by neon Switzerland AG of Zurich. Customers get a Debit Mastercard, savings features and an overview of their spending. Through neon invest they can buy shares and ETFs, and a pillar 3a pension product is also available. Sign-up is digital and the app is used on a smartphone. The bank account is provided together with the partner bank Hypothekarbank Lenzburg AG.

neon Switzerland AG is based in Switzerland, which lies outside the European Union. According to its privacy policy, transaction data is stored in an ISO 27001 certified data centre in Switzerland. Customer-support data sits in a data centre in the European Union through the US-based helpdesk provider Freshworks, and is processed in accordance with the GDPR. The company's published information describes funding from customers through crowdinvesting and from investors, and names no majority shareholder. The app is not an open-source product and offers no self-hosting option. It is aimed at private individuals.

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Sovereignty score

69 / 1000 = high exposure
100 = sovereign

Jurisdiction SOV-2100
Headquartered in Switzerland: Swiss law, recognised by the EU as adequate
Data residency SOV-390
Hosting in the EU and Switzerland
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 12, 2026

Headquarters	CH (EU)Verified by hand
Sovereignty model	Vendor-hosted (EU)Verified by hand
Data hosting	CH, EUVerified by hand
Open-source	NoVerified by hand
GDPR-compliant	YesVendor-stated
Category	Fintech & Neobanks
Type	Product
Website	neon-free.ch ↗

How we verify · Something wrong? Suggest a correction

Top EU-based & GDPR-compliant alternatives to neon Switzerland

The European alternatives to neon Switzerland come from our knowledge base of over 8,000 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

144 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 neon Switzerland

neon Switzerland is headquartered in Switzerland and falls under Swiss law, including the revised Swiss data protection act. Switzerland is not an EU member, but the European Commission recognises its level of data protection as adequate. Its Swiss headquarters does not by itself bring it under US legislation such as the CLOUD Act.

neon Switzerland hosts data in the EU and in Switzerland. Switzerland is covered by a European Commission adequacy decision, so personal data can go there without extra safeguards. If you require strictly EU hosting, check the data processing agreement for which data is stored in Switzerland.

neon Switzerland 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 neon Switzerland 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 neon Switzerland?

It depends on your use case. Strong EU alternatives to neon Switzerland 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 neon Switzerland?

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

Is neon Switzerland GDPR-compliant and where is the data hosted?

neon Switzerland is headquartered in CH (EFTA) and hosts data in CH, EU. That makes neon Switzerland 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 12, 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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