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European sovereign AI, cloud not yet ready for major banks, Temenos CEO says

Oct 28 (Reuters) - Swiss ⁠banking software firm Temenos' CEO Takis Spiliopoulos ⁠said sovereign AI and cloud initiatives in ‌Europe were not yet mature enough for major banks to adopt, as the region seeks greater technological autonomy ​from US providers.

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Temenos首席执行官表示,欧洲主权人工智能和云技术尚未准备好服务于大型银行。

FILE PHOTO: The words "AI Artificial Intelligence" and a keyboard are displayed in this illustration created on October 19, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

Oct 28 (Reuters) - Swiss ⁠banking software firm Temenos' CEOTakis Spiliopoulos ⁠said sovereign AI and cloud initiatives in ‌Europe were not yet mature enough for major banks to adopt, as the region seeks greater technological autonomy ​from USproviders.

The European Union is ⁠seeking to strengthen its ⁠technological sovereignty through proposals, including theCloud and AI ⁠Development ‌Act, aimed at reducing dependence on US hyperscalers amid concerns over data ⁠access under USlegislation and the dominance ​of Amazon, ‌Microsoft and Google in cloud computing.

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