According to Forrester Research -- "Unless mainstream consumers can take a device out of the box and immediately begin enjoying its benefits, they'll leave the box on the retail shelf. Standards are critical to bringing that promise to life, and Intel has long been a standards bearer: first in the PC industry and now in the digital home. The reason is simple: Intel knows that its support for communication, interoperability, and content protection standards will help launch new markets, hence demand for its silicon products. But standards aren't enough; consumers also need reassurance that the product will work in their home. To accomplish this interoperability feat, Intel should donate its internal certification process to a works together certification coalition funded by industry leaders like Best Buy, Intel, Microsoft, and Sony."
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