EU Sovereignty Score
Self-hosted / open sourceFintech & NeobanksHeadquarters: Switzerland

OLYMPIC Banking System: sovereignty score and 8 European alternatives

OLYMPIC Banking System is the banking software package from ERI Bancaire for private banks, commercial and retail banks, central banks, credit unions and custodians. It combines core banking with CRM, client onboarding, loan management, portfolio and order management, digital banking, custody and fund administration in one configurable platform with an open architecture. It can be delivered as SaaS, on an outsourced private or public cloud (IBM Cloud, Azure, AWS and others) or on the bank's own premises.

ERI Bancaire S.A. in Meyrin near Geneva, Switzerland, is named as data controller in the privacy policy. Switzerland is not an EU member state but is an EFTA country with an EU adequacy decision. The vendor names no parent company and no fixed hosting region; according to the website, data can be localised. The partner page lists Swiss clouds (ITpoint, Swisscom) alongside Microsoft Azure. IBM Cloud, Azure and AWS are US providers, so the US CLOUD Act can apply even to data in a European or Swiss region. For SaaS or cloud, ask about region, provider and subcontractors.

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Sovereignty score
80 / 1000 = high exposure
100 = sovereign
  • Jurisdiction SOV-2100
    Headquartered in Switzerland: Swiss law, recognised by the EU as adequate
  • Data residency SOV-3100
    Hosting in Switzerland only (recognised by the EU as adequate)
  • Cryptographic key sovereignty SOV-380
    Closed source, but self-hostable: encryption keys and runtime under your own control
  • Freedom from lock-in SOV-640
    Closed source: switching requires data migration
  • Source & runtime sovereignty SOV-4 · SOV-680
    Closed source, but self-hostable on your own infrastructure

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 17, 2026
Headquarters
SwitzerlandVerified by hand
Data hosting
Self-hosted, e.g. in Switzerland (your choice)Verified by hand
Open-source
NoVerified by hand
GDPR-compliant
NoVendor-stated
Category
Fintech & Neobanks
Type
Product
Website
olympicbankingsystem.com ↗

How we verify · Something wrong? Suggest a correction

European alternatives to OLYMPIC Banking System

The European alternatives to OLYMPIC Banking System come from our knowledge base of over 9,900 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

176 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 OLYMPIC Banking System

OLYMPIC Banking System 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.

OLYMPIC Banking System runs on infrastructure you choose and control yourself. You decide where the data lives, including fully within the EU if you want — this is not a fixed hosting choice made by the vendor.

OLYMPIC Banking System is closed source, but you run the software yourself on your own infrastructure. The encryption keys and the runtime therefore stay under your own control, though you cannot audit or modify the source code. Ask about export options and open standards to limit software-level lock-in.

What this means for your organisation depends on your whole stack and context. The free assessment weighs OLYMPIC Banking System 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 OLYMPIC Banking System?

It depends on your use case. Strong EU alternatives to OLYMPIC Banking System 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 OLYMPIC Banking System?

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

Is OLYMPIC Banking System GDPR-compliant and where is the data hosted?

OLYMPIC Banking System is headquartered in Switzerland (EFTA) and hosts data in Switzerland. That makes OLYMPIC Banking System 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 17, 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

In the changelog

Earlier changes to this page, as listed in the public changelog.

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.

Also in this category

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8 European alternatives to OLYMPIC Banking System (GDPR)