Conventional wisdom says that until the advent of 802.16e mobile WiMAX systems -- still some time in the future -- the wireless broadband standard will be more or less confined to the great outdoors. Some "near-outdoor" systems involving window-mounted receivers may be feasible, but for practical purposes WiMAX is considered an outdoor last-mile replacement technology. However, ABI Research analysts say that there are optional specifications built into the 802.16 standard which can boost the sensitivity of receiving equipment to the extent of making WiMAX PC cards and built-in receivers a practical proposition for laptops, PDAs and other portable devices. Generally these optional specifications have not been implemented by the largest vendors of WiMAX equipment. According to senior analyst Philip Solis, what this means is that "There may be WiMAX PC cards on the market earlier than many observers have expected. These will result from superior chipsets permitting the use of WiMAX in laptops and similar devices in homes and offices within the reach of fixed WiMAX transmissions. You will not have full mobility as you will with 802.16e, but you will have some portability."
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