We've watched the banks deal with fintech and innovation over the past 10 years and we have been at the forefront of that process. I don't think the banks did a very good job of it, they struggled with that level of innovation.
The insurance industry has taken a very different approach to the process, a much more collaborative and less antagonistic approach. Mastercard's role is to learn from what we saw in fintech and say, "What can we take from that perspective and apply to insurtech and do so globally?”