devon ryan joins us, director of financial research. securities of citizens. n, i want to get right to a, your discussion of goldman sachs in new initiatives. clearly we heard that from j.p. morgan. they will spend, spend, spend on new initiatives. what is the best use of money for banks looking for new initiatives? laura: well, tom -- devon: the key data point i'm looking at is the financial technology raised $130 billion of capital last year. if you think about that, banks are competing with these fin tech disruptors in the market right now. what you heard from j.p. morgan, as far as what we're seeing from goldman sachs, they are leaning in on investment into their digital capabilities both internally around data and how they can use data smarter and helping optimize the customer outcome but also they are direct to consumer, whether it is mobile or using ai to help bring together all of the financial progress -- financial product. goldman, one of their progress right now, they are hitting their targets and they are also disrupting transaction banking which is