The BBC announced that it has begun to trial a new program download technology in 5,000 U.K. households that could pave the way to endless TV repeats -- The BBC said it hoped to deliver its interactive Media Player (iMP), or "iTunes for the broadcast industry", by year's end, allowing viewers to download any shows from the previous week. Once up and running, the service, currently in its second stage, will make around 190 hours of TV shows and 310 hours of radio programs available for legal downloading across the U.K., the BBC said. "iMP will allow our audience to access our TV and radio programs on their terms -- anytime, any place, any how," said Ashley Highfield, BBC director of new media and technology. "We'll see what programs appeal in this new world and how people search, sort, snack and savor our content in the broadband world." Increasing numbers of people are using the internet to access audio visual material, but Mr. Highfield has warned that take-up may stall without the necessary content to attract audiences.
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