EU Sovereignty Score
EU sovereignFintech & NeobanksHeadquarters: LT

Saldo Bank: sovereignty score and 8 European alternatives

Saldo Bank is a digital bank with Finnish roots that specialises in term deposits and fully automated digital lending, including consumer loans and revolving credit. It has offered term deposits in Lithuania, Germany and Finland, and its website also shows Sweden, business loans and a credit card. The services are delivered online.

Saldo Bank has held a specialised banking licence from the European Central Bank since October 2021 and is regulated by the Bank of Lithuania. Its Finnish operations run through a branch that opened in October 2023. The bank is therefore established and regulated within the EU. The sources consulted name no foreign parent company and do not state where customer data is hosted. There is no open-source or self-hosted option. For a European customer this means European banking supervision, deposit protection under EU rules and application of the GDPR.

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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 9, 2026
Headquarters
LT (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
Fintech & Neobanks
Type
Product
Website
saldo.com ↗

How we verify · Something wrong? Suggest a correction

Top EU-based & GDPR-compliant alternatives to Saldo Bank

The European alternatives to Saldo Bank come from our knowledge base of over 7,800 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

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 Saldo Bank

Saldo Bank is headquartered in LT 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 Saldo Bank scores best on data residency.

Saldo Bank 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 Saldo Bank 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 Saldo Bank?

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

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

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

Saldo Bank is headquartered in LT (EU) and hosts data in EU. That makes Saldo Bank 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 9, 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 Saldo Bank — GDPR-compliant & EU-hosted · EU Sovereignty Score