 Hi, welcom to the course, and before we start I think it would be worthwhile that we talk a little bit about Fintech and how we've actually got here in the industry. So the term was coined in 1995 by Citibank which is pretty much when I started work and we had no idea what Fintech is or what it meant and now it's literally gone from being something that we invested four billion dollars in in 2014 to 23 billion in 2016. So it's really growing but more importantly than that it's actually fundamentally changing the way that financial services and other entrants into the market are dealing with technology. I mean up till now most of the Fintech spending has been done in payments but we're seeing more and more the investment is being done in things like artificial intelligence and blockchain and it's not just about bitcoin and things like that. So fundamentally startups, incumbent, new entrants, Facebook, Apple, Google, Alipay are all taking these different technologies and applying them to change their business models, apply new services and new products and change the way that people, clients interact with financial services and using technology to do that. Fundamentally we're not really banks anymore, we're technology companies that do financial services.