Verizon has launched an Enhanced Communities project aimed at signing-up the developers of single-family residential communities to promote its FTTH initiative -- "Verizon offers developers the opportunity to market voice service, FiOS high-speed Internet Service at up to 30 megabits per second, and FiOS TV service over the fiber cables. Verizon's digital TV package is under development now, for introduction to the market later this year. More than a dozen such marketing agreements have already been signed, including Pulte Homes, Pardee Homes and KB Home, as well as partnering with several large developments in Southern California and Northern Virginia. The Enhanced Communities Group has recruited a dedicated sales team from an existing Verizon sales team."
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