"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 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