Story perspectives

Dutch Banks Unite to Ditch U.S. Tech for European Cloud

2/12/2026

Summary

Story summary

Rabobank, ING, and ABN AMRO, the largest banks in the Netherlands, are reducing dependence on U.S. technology firms by collaborating with other European banks to develop European cloud infrastructure.
Executives warn that reliance on American providers poses geopolitical risks.
Initiatives like the European Payments Initiative (EPI) and the Wero system offer non-U.S. alternatives, with Wero slated to fully replace U.S. payments by end-2027 as banks push for a digital euro.

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Story summary

Rabobank, ING, and ABN AMRO, the largest banks in the Netherlands, are reducing dependence on U.S. technology firms by collaborating with other European banks to develop European cloud infrastructure.
Executives warn that reliance on American providers poses geopolitical risks.
Initiatives like the European Payments Initiative (EPI) and the Wero system offer non-U.S. alternatives, with Wero slated to fully replace U.S. payments by end-2027 as banks push for a digital euro.