"Over the past year or so we've seen the media and telecommunications industries experiencing a transformation of seismic proportions resulting in a hothouse of opportunities within the space where technology and communication converge. IPTV has emerged as the most revolutionary service proposition that is not only changing the industry, but also the way we consume entertainment. It is thus not surprising that the commercialisation of IPTV in Asia, Europe and the United States is already well underway. Operators in many countries have either started IPTV services or indicated their intentions to roll out a service -- and sooner, rather than later. What may be surprising to many people is the fact that Asia is leading the IPTV revolution and is the fastest growing market for IPTV with subscribers set to double in the next 12 months (Source: Gartner, March 2005), followed by Europe and the U.S. as a distant third."
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