that is bankamerica mobile banking.ven years, bankamerica took from nothing to mobile banking where they processed a level of deposits equal to the seventh largest bank. equal to 1500 bank branches. that is a phenomenal story. in addition, bankamerica over the past few years has increased throughput in a variety of ways. mobile banking, ach payments by 50% or more. at the same time, they have reduced their technology expenses for their infrastructure by $2 billion. so you are growing the franchise without growing expenses. and it is due to technology. it is a fantastic marriage between tech and banks, such as at bankamerica. taylor: if bank of america is the winner, who is the loser? mike: a lot of banks are stuck in an old mindset, a last century mindset. you have the largest banks, scale providers -- jp morgan, bankamerica, citigroup, goliath s are winning. you have the smaller banks which have specialized services, face-to-face relationships. friendly with the town council. i think other than that barbell approach, t

how much will be the future of banking for companies like bankamerica. sonalil you can see the figures in their earnings report that the zelle figures are a straight arrow upward for bank of america. and it is pretty significant in exponential growth, so it is pretty big, including not necessarily for zelle but digital payments, and bank of america does highlight its relationship with zelle, and both banks highlight this with younger customers in particular. taylor: as revenue remains uncertain, in such a volatile environment, do the analysts you speak to think it is a good idea that these banks are continuing to invest in technology, increasing investments in that space, even though topline revenue growth can be elusive at times? sonali: it is true. investors and others know that apple is a threat and that facebook is a threat, so they like to see these banks investing more in technology to prepare themselves for the future, because the traditional business lines are really pressured. if you look at trading, there has been pressure all year. loan growth