“we think that we'll have growth in the near-term through onboarding the pipeline, and then we've got the medium play of Pershing X.”

In context

“rowth rate for this year? Robin Vince: So, look, we've talked about the fact that these are medium-term initiatives, and they are. The contribution to revenues today from real-time payments is really small. But we do see this as rails of the future, and we see it as creating an opportunity for a connected set of services; think of fraud prevention and account validation and bill pay-related things. So, there's an ecosystem that builds around the actual capability. And we think that that's a significant opportunity for us. You've seen some announcements that we've made. But if I tick through very briefly, and I will try to be quick about it, but through each of our businesses. Look, in Pershing, we've had a strong year of net new asset growth. We talked about it in my prepared remarks. And we think that we'll have growth in the near-term through onboarding the pipeline, and then we've got the medium play of Pershing X. In Asset Servicing, we've been growing sales. And at the same time, we're leaning into the future with things like digital assets, and we're focusing on the expense base as well. So, again, it's something for the near term and for the medium term. In Markets, we're driving with foreign exchange and liquidity and securities lending, and then for the medium term, execution services and new products. In CCM, we expect the evolution that will come from the gradual decant of repo into tri-party, which we think we're well positioned for. In Treasury Services, we're picking up cross-border activity in terms of U.S. dollar clearing and we're playing for the longer term that I talked about with real-time payments. And so, across so many of our businesses, we've got opportunities in the near term,”