Media Networking 2005: The Networked Living Room Becomes a Reality -- "With technical standards development and consumer education challenges for vendors still looming large but becoming less burdensome, media networking will continue to grow rapidly through 2009, reports an In-Stat analyst. Total media networking connections in homes will grow from over 50 million in 2005 to over 200 million in 2009, a 29% compound annual growth rate, the high-tech research firm says. Much of the growth will be driven by PC vendors, who are rolling out Media Center PCs that fit the living room in terms of style and function."
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