Michael Infante

“You made several comments about your intentional ASO to PEO mix shift given the higher retention and lifetime value nature within that segment.”

“Tim, I'd just get your thoughts on just the importance of distribution and the future with everything going on from an AI perspective.”

“You've previously spoken about the 40% of your flows within cross-border that are still on SWIFT. I think you previously had mentioned trying to take that volume mix down closer to the mid-teens level by leveraging, you know, some of the private blockchain rails like Connexus.”

“I just wanted to ask on some of the new wins that you had with the likes of Ondo and Alpaca and Galaxy on the tokenized security side. How should we be thinking about the unit economics and how that might evolve?”

“I wanted to ask a bigger question to contextualize the multi-year SFS opportunity and how you expect unit economics to evolve. You've obviously spoken in the past about SFS being a real multiplier effect to both revenue and gross profit.”