Pyramid Research analysis, NTT Hits Light-Speed -- "NTT East, NTT West, and NTT Communications recently announced plans to spend an estimated JPY800bn (US$7.4bn) over the next five years to create the world's largest fiber optic network. Specifically, the NTT companies will upgrade 30m connections nationwide to fiber thereby allowing them to offer a wider array of value-added services on top of traditional voice. As Japan analyst Jane Buenaventura states, the justification for this expense is simple: survival in the increasingly competitive Japanese broadband market."
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