Self-hosted / open sourceFintech & NeobanksHeadquarters: DE

Open Bank Project: sovereignty score and 8 European alternatives

Open Bank Project is an open-source API platform that banks and regulators use to build, run and protect application programming interfaces that meet open banking rules, including the UK Open Banking standard and the Berlin Group standards. The code is licensed under the GNU Affero General Public License v3 (AGPL-3.0), and TESOBE also offers commercial licences. The site provides a sandbox and describes the product as open source, but it does not state how the software is deployed.

The software is maintained by TESOBE GmbH, which the website describes as a Berlin-based consulting firm. The site does not name TESOBE's owners or any foreign parent company. It does not state where data in the sandbox is stored, and it contains no GDPR commitment for the service. For a European organisation, the AGPL licence means the source code can be inspected and run on the organisation's own infrastructure, while a hosted deployment would need its own data processing agreement with the provider.

See the 8 European alternatives ↓Assess your stack with Open Bank Project pre-selected

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Sovereignty score

94 / 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-390
Self-hostable: encryption keys under your own control
Freedom from lock-in SOV-680
Open source: low switching costs
Source & runtime sovereignty SOV-4 · SOV-6100
Source code auditable, forkable and self-hostable

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	DE (EU)Verified by hand
Sovereignty model	Open-source, distributedVerified by hand
Data hosting	EUVerified by hand
Open-source	YesVerified by hand
GDPR-compliant	NoVendor-stated
Category	Fintech & Neobanks
Type	Product
Website	openbankproject.com ↗

How we verify · Something wrong? Suggest a correction

Top EU-based & GDPR-compliant alternatives to Open Bank Project

The European alternatives to Open Bank Project 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 Open Bank Project

Open Bank Project is headquartered in DE 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 Open Bank Project scores best on data residency.

Open Bank Project is open source. You can audit the source code, self-host the software and keep the encryption keys under your own control. Switching is easier because data and software are not tied to a single party.

What this means for your organisation depends on your whole stack and context. The free assessment weighs Open Bank Project 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 Open Bank Project?

It depends on your use case. Strong EU alternatives to Open Bank Project 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 Open Bank Project?

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

Is Open Bank Project GDPR-compliant and where is the data hosted?

Open Bank Project is headquartered in DE (EU) and hosts data in EU. It is also open-source, so you can self-host it. That makes Open Bank Project 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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