"A report issued last week by Magna Global predicts that if network DVRs become a reality, DVR usage could skyrocket. Unlike set-top DVRs, which are already offered by several cable operators, a network DVR records virtually all programming on a central server in the cable system�s headend. Theoretically, anybody who subscribes to digital cable could record whatever they wanted, without having to schedule an appointment with the cable guy or install a TiVo box."
The Open Banking business model has been advantageous for Third-Party Providers (TPPs), helping them to extend their offerings into other areas of financial services with new capabilities. Open Banking is also advantageous for traditional banking institutions, despite the perceived loss of custodianship over their data, by providing greater accessibility to more bank services. Furthermore, Open Banking can help serve Mobile Internet providers that are able to leverage it to create tailored services according to customers’ preferences and/or economic limitations. Open Banking Market Development Since traditional banking services are made more convenient by TPPs via greater data access, customers can proactively manage their finances and shape the development of new financial offerings. This is particularly noticeable in the realm of Digital Payments, where retail merchants and customers transact through eCommerce, which has the greatest number of use cases for Open Banking. These includ