--- title: Dutch watchdogs urge Europe’s banks to pool buying power... description: Dutch financial regulators, including De Nederlandsche Bank, are urging European banks to pool their procurement power when negotiating with US cloud giants... canonical: https://daily.dev/posts/dutch-watchdogs-urge-europe-s-banks-to-pool-buying-power-against-us-tech-giants-lkgdxhhoa twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Dutch watchdogs urge Europe’s banks to pool buying power against US tech giants | daily.dev og:description: Dutch financial regulators, including De Nederlandsche Bank, are urging European banks to pool their procurement power when negotiating with US cloud giants... og:url: https://daily.dev/posts/dutch-watchdogs-urge-europe-s-banks-to-pool-buying-power-against-us-tech-giants-lkgdxhhoa og:image: https://api.daily.dev/og/posts/LkGDXHHOA.png og:image:alt: Dutch watchdogs urge Europe’s banks to pool buying power against US tech giants og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Dutch watchdogs urge Europe’s banks to pool buying power against US tech giants **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Dutch financial regulators, including De Nederlandsche Bank, are urging European banks to pool their procurement power when negotiating with US cloud giants AWS, Azure, and Google Cloud. The report warns that digital dependencies on American tech firms continue to grow despite years of EU rhetoric about strategic autonomy. AWS, Azure, and Google together hold over 70% of the European cloud market while European providers hold only ~15%. Collective bargaining could help banks secure better prices, stronger data guarantees, and real exit options. The recommendation also highlights legal risks from the US Cloud Act, which can compel American firms to hand over data regardless of storage location. However, the report acknowledges that pooled buying power can improve terms but cannot quickly create a European provider capable of replacing hyperscalers at banking scale. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Europe wants to end its dangerous reliance on US internet technology](https://daily.dev/posts/europe-wants-to-end-its-dangerous-reliance-on-us-internet-technology-bxej5byjw) · Hacker News · 25 upvotes · 1 comments - [Europe’s cloud dependency is a political risk, not just a technical one](https://daily.dev/posts/europe-s-cloud-dependency-is-a-political-risk-not-just-a-technical-one-zrmz8otqu) · The Next Web · 0 upvotes · 0 comments - [What’s behind Europe’s efforts to ditch U.S. software in favor of sovereign tech](https://daily.dev/posts/what-s-behind-europe-s-efforts-to-ditch-u-s-software-in-favor-of-sovereign-tech-i3fq53zih) · TechCrunch · 1 upvotes · 0 comments - [Euro firms must ditch Uncle Sam's clouds and go EU-native](https://daily.dev/posts/euro-firms-must-ditch-uncle-sam-s-clouds-and-go-eu-native-3buji7vro) · Hacker News · 1 upvotes · 0 comments - [Is EURO-3C Europe's Path to Cloud Sovereignty?](https://daily.dev/posts/is-euro-3c-europe-s-path-to-cloud-sovereignty--4ak3ahhdh) · IEEE Spectrum · 0 upvotes · 0 comments --- Tags: [#cloud](https://daily.dev/tags/cloud), [#aws](https://daily.dev/tags/aws), [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/dutch-watchdogs-urge-europe-s-banks-to-pool-buying-power-against-us-tech-giants-lkgdxhhoa) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Dutch watchdogs urge Europe’s banks to pool buying power against US tech giants","url":"https://daily.dev/posts/dutch-watchdogs-urge-europe-s-banks-to-pool-buying-power-against-us-tech-giants-lkgdxhhoa","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/dutch-watchdogs-urge-europe-s-banks-to-pool-buying-power-against-us-tech-giants-lkgdxhhoa"},"datePublished":"2026-07-10T11:01:02.850Z","dateModified":"2026-07-10T11:01:22.054Z","description":"Dutch financial regulators, including De Nederlandsche Bank, are urging European banks to pool their procurement power when negotiating with US cloud giants...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/6bbb6b089e9e14f49493bab3a9907c2e?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/6bbb6b089e9e14f49493bab3a9907c2e?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/dutch-watchdogs-urge-europe-s-banks-to-pool-buying-power-against-us-tech-giants-lkgdxhhoa","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"cloud,aws,fintech","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Dutch watchdogs urge Europe’s banks to pool buying power against US tech giants"}]} ```