it's a multi month pilot process so I'm not sure what immediate...

it's a multi month pilot process so I'm not sure what immediate information you think will be divulged to the market. the reality is quite simple - binary in fact - they will or they won't.

the risk of being long the stock and the top four bank not proceeding is much less than the risk of not being long the stock and they do go ahead with it.

any sophisticated client that has an interest and better still an understanding of the space would jump at the opportunity.