According to ABI Research, it's An Open and Shut Case -- "When the US Congressional Subcommittee on Courts, the Internet and Intellectual property invited testimony from four industry experts, they were considering nothing less than the future of digital rights management in the United States. At issue are proprietary versus open digital rights management (DRM) technologies, and whether governments should get involved. Advocates say that open DRM standards would help the portable industry. Most industry leaders are adopting a government hands off attitude, but ABI believes that other attempts at proprietary DRM schemes probably wouldn't succeed. Apple was the first to offer such a service and the content industry didn't care if their DRM was proprietary. But DRM becomes critical once video, and sharing between STBs and portable devices, become a reality."
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