c.e.o. earlier at the bloomberg event from the world economic forum. the bank d about why is not counting out struggling european rivals, pay attention start-ups in the syntax space. recognize that digitization of bank suggest here to stay and accelerate. i use is the analogy 'm out in silicon valley meeting with fentech companies and the conversation in some evolved, a bit. i remember meeting four or five there in a tech person, young tech person sitting in front of me and sat the table and said i'm coming to eat your lunch old man. i'm not isten, dismissive, not dismissive at all. trademe you realliment to eight or nine times multiple, e'd love to have you in the industry. what i've seen, positive -- young happened to that person? michael: what's come from that is different approach. is think about that fintech company that has come up with technology and can bring to our million and touch 140 clients around the world in 100 scale them we can on day one. >> so you bought him? but el: we don't buy him, we are happy to partner with him, happy to pay for and buy