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This weekend, talking to a guy who does IT at a Dutch bank.

Me: So everything runs on Azure or AWS these days?

He: Yes

Me: So they can see all the data.

He: No it's on separate servers, on EU soil. That was a thing before we decided to go ahead with this.

Me: So... They can see all the data.

He: No it's encrypted and threw some acronyms at me.

Me: So, you download the data, decrypt it, and work on it?

He: No that's done on the servers.

Me: So... They can see all the data.