EU Sovereignty Score
EU sovereignFintech & NeobanksHeadquarters: CH

Temenos: sovereignty score and 8 European alternatives

Temenos is a banking software company whose core banking platform is used by banks and other financial institutions. Its products include core banking and financial crime functions such as KYC, sanctions screening, fraud detection and anti-money-laundering, as described on its website. Trade press reported in May 2026 that the core banking platform is now delivered as a cloud-native SaaS service on Microsoft Azure.

Temenos is listed on the SIX Swiss Exchange and is headquartered in Grand-Lancy, near Geneva, Switzerland. Its website footer names Temenos Headquarters SA as the legal entity, while press releases use Temenos AG. The sources consulted do not name a majority shareholder, so no foreign parent company is named. Temenos has a partnership with InCountry to keep banking data in a chosen country, but the region of the Azure hosting is not stated. A European bank should confirm the hosting location, the cloud sub-processors and the contractual data-access commitments before deployment.

See the 8 European alternatives ↓Assess your stack with Temenos pre-selected
MastodonLinkedInBlueskyXEmail
Sovereignty score
67 / 1000 = high exposure
100 = sovereign
  • Jurisdiction SOV-2100
    Headquartered in Switzerland: Swiss law, recognised by the EU as adequate
  • Data residency SOV-380
    Hosting in Switzerland only (recognised by the EU as adequate)
  • 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 11, 2026
Headquarters
CH (EU)Verified by hand
Sovereignty model
Vendor-hosted (EU)Verified by hand
Data hosting
CHVerified by hand
Open-source
NoVerified by hand
GDPR-compliant
YesVendor-stated
Category
Fintech & Neobanks
Type
Product
Website
temenos.com ↗

How we verify · Something wrong? Suggest a correction

Top EU-based & GDPR-compliant alternatives to Temenos

The European alternatives to Temenos 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

Is Temenos one of many dependencies?

Score your whole stack in about three minutes. Free, no account needed.

Assess your stack →View a sample report (opens in a new tab)

Why digital sovereignty matters with Temenos

Temenos 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.

Temenos hosts data in Switzerland only. Switzerland is not part of the EU or the EEA, so the GDPR does not apply there directly; the European Commission does recognise Swiss data protection as adequate, so personal data can go there without extra safeguards. Our model therefore scores it between EU hosting and hosting outside Europe. If you require strictly EU hosting, take this into account.

Temenos 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 Temenos 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 Temenos?

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

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

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

Temenos is headquartered in CH (EFTA) and hosts data in CH. That makes Temenos 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 11, 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.

Also in this category

See all →
Open in the alternatives dashboardMissing a vendor? Submit itAre you this vendor? You can also become a sponsor on the Fintech & Neobanks page — with no effect on your score
8 European alternatives to Temenos — GDPR-compliant & EU-hosted · EU Sovereignty Score