According to In-Stat, the city of Glasgow, Scotland, is in the world news because of last week's meeting of global heads of state, but the city has other reasons to "crow." Glasgow is known as a city with a proactive approach to growth, and they are making innovative investments to raise awareness and attract visitors from around the world. They've become the first city to launch a 24-hour TV service that delivers a wide range of features and prerecorded "Content" to anyone with a broadband Internet connection and can play Windows Media. The site is becoming a destination not only for people who are interested in all things Scottish, but also as an example of how the broadband Internet is changing the concept of Television. Normally, it takes a full-time staff of dozens of technicians, producers, directors and talent to create a TV channel and keep it on-the-air around the clock. But Glasgow TV uses low-cost, off-the-shelf technology and local volunteers videotape and edit most of the content. A few local city employees ingest the content and feed it into an automated management and play-out system called "TV Station In A Box." The www.glawsgow.tv site also sets up an automatic link to the City of Glasgow's official web site, which provides a more traditional Internet experience, lots of detailed information about the area, and automatic links to other URLs.
The Open Banking business model has been advantageous for Third-Party Providers (TPPs), helping them to extend their offerings into other areas of financial services with new capabilities. Open Banking is also advantageous for traditional banking institutions, despite the perceived loss of custodianship over their data, by providing greater accessibility to more bank services. Furthermore, Open Banking can help serve Mobile Internet providers that are able to leverage it to create tailored services according to customers’ preferences and/or economic limitations. Open Banking Market Development Since traditional banking services are made more convenient by TPPs via greater data access, customers can proactively manage their finances and shape the development of new financial offerings. This is particularly noticeable in the realm of Digital Payments, where retail merchants and customers transact through eCommerce, which has the greatest number of use cases for Open Banking. These includ