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By using another US hyperscaler for your backup platform you're still unhedged against US governance failure/breakdown.

by guiriduro 20d ago

sdcfgy 20d ago
An increasing risk for sure.
lmz 20d ago
Surely by being a bank, you are already exposed to that.
- guiriduro 20d ago
  Exposed yes, but not fatally if you're working with alternative de-dollarised banking systems in the eurozone, for example.
  - lmz 20d ago
    Won't help if they sanction you and cut you off from SWIFT (or the card networks) so it just depends on the degree of the governance issues here.
    - guiriduro 20d ago
      Most european banking entities already have and use SEPA.
      - lmz 20d ago
        Any alternative non US, Europe wide card network? I suppose you could use Mir, or UnionPay.
        Abstract_Typist 19d ago
        This is an issue, but one Europe is acutely aware of and working on. WERO is one strand of that. https://www.reneweuropegroup.eu/news/2026-06-23/independence-from-us-payment-systems-todays-vote-on-the-digital-euro https://www.reneweuropegroup.eu/news/2026-06-23/independence... https://europeanbusinessmagazine.com/eu-payments-sovereignty-why-europe-seeks-independence-from-visa-and-mastercard/ https://europeanbusinessmagazine.com/eu-payments-sovereignty... https://stripe.com/en-fr/resources/more/wero-how-europes-unified-digital-wallet-is-changing-payments https://stripe.com/en-fr/resources/more/wero-how-europes-uni...
    - Abstract_Typist 19d ago
      Ah.. SWIFT is an international cooperative, originated in Europe and based in Brussels..
- shawabawa3 20d ago
  Monzo are a UK bank that briefly but afaik no longer operate in the US
  - varispeed 20d ago
    They are partially Chinese owned, so you can imagine Trump having a fit could be ordering AWS and GCP to stop servicing this bank.
ifwinterco 20d ago
You have no choice really if you’re a UK business, there is no UK (or French, or German, or Japanese for that matter) cloud that can do what AWS or GCP does
- guiriduro 20d ago
  Really? None other than Airbus chose Scaleway (a personal favourite) for their migration of core services off AWS. There's also Hetzner, OVH, NetCUPs etc. I'd agree they're not AWS/GCP scale (yet) but as more big names move for reasons of EU sovereignty that multiplies available capital and soon they become hyperscale themselves. And sovereign.
  - ifwinterco 19d ago
    My understanding is OVH and Hetzner were traditionally more bare metal/VPS orientated (though maybe that's changed)? Fair though, I hadn't even heard of Scaleway, and that does look a lot more like a direct AWS/GCP alternative. Maybe because I'm UK based that's why I never hear of the EU clouds

By using another US hyperscaler for your backup platform you're still unhedged against US governance failure/breakdown.

sdcfgy 20d ago

An increasing risk for sure.

lmz 20d ago

Surely by being a bank, you are already exposed to that.

guiriduro 20d ago
Exposed yes, but not fatally if you're working with alternative de-dollarised banking systems in the eurozone, for example.
- lmz 20d ago
  Won't help if they sanction you and cut you off from SWIFT (or the card networks) so it just depends on the degree of the governance issues here.
  - guiriduro 20d ago
    Most european banking entities already have and use SEPA.
    - lmz 20d ago
      Any alternative non US, Europe wide card network? I suppose you could use Mir, or UnionPay.
      - Abstract_Typist 19d ago
        This is an issue, but one Europe is acutely aware of and working on. WERO is one strand of that. https://www.reneweuropegroup.eu/news/2026-06-23/independence-from-us-payment-systems-todays-vote-on-the-digital-euro https://www.reneweuropegroup.eu/news/2026-06-23/independence... https://europeanbusinessmagazine.com/eu-payments-sovereignty-why-europe-seeks-independence-from-visa-and-mastercard/ https://europeanbusinessmagazine.com/eu-payments-sovereignty... https://stripe.com/en-fr/resources/more/wero-how-europes-unified-digital-wallet-is-changing-payments https://stripe.com/en-fr/resources/more/wero-how-europes-uni...
  - Abstract_Typist 19d ago
    Ah.. SWIFT is an international cooperative, originated in Europe and based in Brussels..
shawabawa3 20d ago
Monzo are a UK bank that briefly but afaik no longer operate in the US
- varispeed 20d ago
  They are partially Chinese owned, so you can imagine Trump having a fit could be ordering AWS and GCP to stop servicing this bank.

ifwinterco 20d ago

You have no choice really if you’re a UK business, there is no UK (or French, or German, or Japanese for that matter) cloud that can do what AWS or GCP does

guiriduro 20d ago
Really? None other than Airbus chose Scaleway (a personal favourite) for their migration of core services off AWS. There's also Hetzner, OVH, NetCUPs etc. I'd agree they're not AWS/GCP scale (yet) but as more big names move for reasons of EU sovereignty that multiplies available capital and soon they become hyperscale themselves. And sovereign.
- ifwinterco 19d ago
  My understanding is OVH and Hetzner were traditionally more bare metal/VPS orientated (though maybe that's changed)? Fair though, I hadn't even heard of Scaleway, and that does look a lot more like a direct AWS/GCP alternative. Maybe because I'm UK based that's why I never hear of the EU clouds