Movielink and Verizon announced the launch of a co-branded movie downloading service for Verizon Online's consumer broadband subscribers -- "Verizon Online's consumer DSL and FiOS Internet Service customers can now purchase and download movies to watch at home or on-the-go through this special agreement with Movielink. The new service offers a full library of titles, including a special selection of hit films for 99 cents or less from Movielink, the first broadband video-on-demand (VOD) service to offer hundreds of major motion pictures for legitimate download. A broadband connection is required to download the movie, but once it's on their hard drive, users can view it at any time from home or on the road without being connected."
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