"Broadband is booming, DSL prices are dropping and cable modem speeds are increasing without additional charge. But to Michael Copps, one of two Democrats on the five-member Federal Communications Commission, that's not enough. As a policy-maker, Copps is outraged that the United States isn't near the top of countries with broadband penetration. While admitting the difficulty in comparing the United States with Japan, Korea or Norway, Copps also voices the growing restlessness of government officials who fret about the private sector's ability to ensure that all Americans get access to broadband."
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