EU sovereignFintech & NeobanksHeadquarters: NO

Neonomics: sovereignty score and 8 European alternatives

Neonomics is an open finance platform that gives businesses access to bank account data, payment initiation and account verification through PSD2 APIs. Its offering includes open banking data, financial insights and ready-made flows that other companies can integrate. The company is licensed in Norway as a payment institution and as a payment initiation and account information service provider, and the licence can be used in other EU countries under the European passport.

Neonomics AS is headquartered in Oslo, with branches in Sweden and Finland, and describes itself as privately held. Its shareholders are not named on the website. Norway is part of the European Economic Area, so the GDPR applies to its processing of personal data. The website does not state where data is hosted and does not name the GDPR. A European organisation should request hosting locations and processing terms before use.

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Sovereignty score

71 / 1000 = high exposure
100 = sovereign

Jurisdiction SOV-2100
Headquartered in the EEA: the GDPR applies directly
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	NO (EU)Verified by hand
Sovereignty model	Vendor-hosted (EU)Verified by hand
Data hosting	EUVerified by hand
Open-source	NoVerified by hand
GDPR-compliant	NoVendor-stated
Category	Fintech & Neobanks
Type	Product
Website	neonomics.io ↗

How we verify · Something wrong? Suggest a correction

Top EU-based & GDPR-compliant alternatives to Neonomics

The European alternatives to Neonomics 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 Neonomics

Neonomics is headquartered in NO, which falls under the GDPR through the European Economic Area. No foreign legislation can compel access to your data.

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

Neonomics 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 Neonomics 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 Neonomics?

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

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

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

Neonomics is headquartered in NO (EFTA) and hosts data in EU. That makes Neonomics 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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