So you're saying there's an abstraction layer and the risk is inside that abstraction layer? And kind of, yeah, why and how does that exist?

No, the risk is for each one of these players involved in the transaction lifecycle, it's become incredibly difficult and hard and sometimes impossible to actually track money movement.

Okay.

And so going back to the question on how does the day-to-day look like, let's say you're an EMI, right? And you're sitting on top of a sponsor bank.

And let's just assume there's no banking as a service provider in the middle.

And just to conceptualize what reconciliation is, the neobank is offering depository services and other products and services to its customers, but it's built on top of a sponsor bank, which is actually holding the money.

And under these FBO structures, right? These FBO structures means that these neobanks typically have just one big cardholder pooled account.

So tell us.