New Report Outlines Major Findings -- "Service-oriented, business-driven and cost-effective emerged as the key characteristics of city governments that participated in the 2004 Digital Cities Survey, according to a new report issued by the Center for Digital Government and National League of Cities (NLC). The report documents the results, major findings, and trends from last year�s survey, which evaluated city governments� use of information technology to better serve their citizens and streamline operations. The survey evaluation was based on 24 scored questions and 56 data points in all. Results of the survey provide new evidence that advancements have been made in the campaign for digital government, said Paul W. Taylor, Ph.D., chief strategy officer at the Center."
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