EchoStar and DirecTV, the two competing satellite broadcasters in the United States, have both announced increases in their number of subscribers -- EchoStar added around 325,000 new subscribers to its Dish Network in the first quarter of the 2005, bringing its total number of satellite customers to 11.23 million. DirecTV added over half a million subscribers in the United States in the same period, an increase of over 20 percent on the previous year. At the end of March, DirecTV had a total of 14.45 million customers, a 14 percent increase on a year previously. Chase Carey, president and chief executive of DirecTV, said the company is moving quickly to enhance its service, launching three new satellites to allow it to introduce compelling new programming services. At the end of the year the company will also introduce a Home Media Center.
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