"AMSTERDAM, June 1 (Reuters) - Nokia has overtaken PalmOne as the world's top seller of mobile computers in the first quarter, as consumers chose smartphones over handheld computers to organise their lives, a survey showed on Tuesday. Finland's Nokia increased its market share to 28.2 percent, up from 21.5 percent in the first quarter of 2003, while U.S.-based PalmOne saw its share dwindle to 16.8 percent from 26 percent, British research group Canalys said."
The BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without