"According to Gallup research, well-managed workgroups are more profitable (44 percent higher), more productive (50 percent higher) and have higher degrees of customer loyalty (50 percent higher). With this in mind, chief learning officers often are challenged to provide education that impacts the bottom line and other key measurement points for the enterprise. CLOs play an important role in the world of performance management. Progressive companies are increasingly managing workforce performance and development to ensure proper alignment between business needs and human capital. The result is a leaner, more vital, better-prepared and better-performing enterprise that delivers greater value to the shareholder."
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