Both terrestrial and satellite-based digital multimedia broadcasting services are finally set to launch commercially over the next few months in South Korea -- "According to research from international intelligence research firm ABI Research, the strife between competing stakeholders will only continue once services launch. More than a year later than expected, Korea's TU Media will launch its satellite-based commercial DMB (Digital Multimedia Broadcasting) services in May, while the following month, terrestrial DMB services will also launch, led by the country's major cable news, radio, and television broadcasters. ABI Research does expect the total number of terrestrial DMB subscribers to be significantly higher than satellite DMB subscribers, as terrestrial-based services will be free and feature better programming. However, it will be challenging for terrestrial DMB broadcasters to come up with successful revenue models, so they have been petitioning the government to be allowed to charge subscription fees."
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