5 European alternatives · updated 13 October 2026 · How we select
Clearwater Analytics users often struggle with the complexity of mapping data for intricate instruments and the administrative burden of advanced setups. If you need EU-based server location and GDPR-compliant processing, NeoXam Impress, Siena and msg for banking offer that as a default.
Clearwater Analytics covers data aggregation & reconciliation, accounting & portfolio operations, reporting & compliance and risk & analytics. European alternatives: Regnology, ALMIS One, msg for banking, Siena and NeoXam Impress. By area: Regnology, ALMIS One and msg for banking for reporting & compliance; Regnology, ALMIS One and msg for banking for risk & analytics.
RegTech platform for financial regulatory reporting and compliance
Replaces Clearwater’s regulatory reporting and risk analytics; lacks data aggregation and accounting.
Integrated ALM, treasury and regulatory reporting for banks
Replaces Clearwater’s regulatory reporting and risk analytics for banks; no data aggregation or accounting.
Regulatory reporting software for banks with integrated risk and financial controlling
Replaces Clearwater’s regulatory reporting and risk analytics for banks; no data aggregation or accounting.
Regulatory reporting software for MiFID, MiFIR, EMIR, SFTR and IFRS9
Replaces Clearwater’s regulatory reporting for MiFID, EMIR and more; no risk analytics or accounting.
End-to-end regulatory reporting for asset managers and banks
Replaces Clearwater’s regulatory reporting and risk analytics; lacks data aggregation and accounting tools.
Which part of Clearwater Analytics each alternative covers.
| Provider | Data aggregation & reconciliation | Accounting & portfolio operations | Reporting & compliance | Risk & analytics | From | Rating |
|---|---|---|---|---|---|---|
| Clearwater Analytics 🇺🇸 (the tool you are replacing) | ✓ | ✓ | ✓ | ✓ | – | ★ 4.5 |
| Regnology 🇩🇪 | ✓ | ✓ | $1,700 | ★ 4.8 (1912) | ||
| ALMIS One 🇬🇧 | ✓ | ✓ | On request | – | ||
| msg for banking 🇩🇪 | ✓ | ✓ | On request | – | ||
| Siena 🇬🇧 | ✓ | On request | – | |||
| NeoXam Impress 🇫🇷 | ✓ | ✓ | On request | – |
Prices per user and month in the cheapest paid plan. Ratings are weighted across G2, Capterra, OMR and other portals, with the review count in brackets.
What to know about the tool you are replacing, with sources.
Sources: g2.com · clearwateranalytics.com · researched 5 October 2026
Clearwater Analytics exports your data as CSV, XLS/XLSX, XML, JSON and PDF, and its API can read everything out.
NeoXam Impress covers regulatory reporting, risk analytics and compliance monitoring. Siena and msg for banking handle regulatory reporting and risk analytics. ALMIS One supports regulatory reporting and risk analytics for banks. Regnology focuses on regulatory reporting and compliance.
NeoXam Impress, Siena, msg for banking and ALMIS One all specialise in regulatory reporting. Regnology also provides regulatory reporting solutions for financial institutions.
Clearwater Analytics supports exports in CSV, XLS/XLSX, XML, JSON, PDF and via API. Check the import options of the tool you shortlist.
Clearwater Analytics is headquartered in the US. EU data residency is not established.
Regnology offers a free plan. NeoXam Impress, Siena, msg for banking and ALMIS One do not.
NeoXam Impress, Siena and msg for banking offer EU data hosting. ALMIS One and Regnology do not have established EU hosting.