Verizon has announced the expansion of its Fiber To The Premise (FTTP) network and FiOS Internet service in California -- "The company is now deploying fiber cable in Ventura county, as well as in the cities of Adelanto, Apple Valley, Bermuda Dunes, Camarillo, Chino, Desert Hot Springs, Hermosa Beach, Indio, La Quinta, Chino Hills, Ontario, Palm Springs, Perris, Lake Elsinore, Temecula, Redondo Beach and Victorville. Some customers in these cities can already order FiOS. Additional cities will be added next year, and Verizon will announce FiOS Internet Service in these areas as it becomes available. To date, Verizon has deployed 8 million feet, or 1,500 miles, of fiber-optic cable in Southern California as part of the FTTP project. The company will deploy millions more feet of fiber cable infrastructure during the remainder of 2005."
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