The Next Frontier of the Business Is the Financial Cloud

The first wave of this abstraction or complexity happened in the IT world. I think the same thing is happening in the other industry, in our industry with the concept of industrial cloud. We already have some great examples of that in Goldman Sachs. Think about credit card as a service, the fact that we partner with Apple and GM to really create really, really seamlessly integrated credit card experiences. They become kind of the interconnected issue of a digital economy where a lot of the transactions are happening computer to computer rather than human. And I think that's really where the next frontier of the business is going to be.