Anyone on HN can write a Swift alternative protocol in a few days. XML documents signed with public keys is a good start. The trick is to get the banks to use them and to integrate them in their systems, but the EU is capable of writing banking regulations.

Operating systems are even easier - pick your flavour of Linux - devices are all made in China anyway.

Its the cloud and software part that sucks. VPSes aside, almost any managed service is US based.

AI has made this even worse.