"Whether it�s computer technical support or product design going offshore, or concern that the United States now ranks 19th in the world in math and science education, the effects of globalization are a frequent topic of discussion. Here�s a quick look at what some speakers at the Stamford Business School have said in the past year. We have to find real solutions, but if we�re running off into a protectionist mode � what is frustrating about that � other than what goes around comes back at us � is that it means we�re taking our eye off of the ball about what we should be doing constructively together to make sure that we have a climate where we can compete and where we will win."
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