There's no question that digital technology has revolutionized photography. The statistics speak for themselves: not only have the past several years seen a boom in digital camera sales, but online photo sharing and printing services are proliferating everywhere. But Vamsi Sistla, director of broadband and residential entertainment research at ABI Research, says that we're looking at the new medium through an "old lens." What did most amateur snapshooters do with their analog pictures? They mounted them in albums. Family and friends could hold albums in their laps and share the viewing experience. What must most digital snapshooters do? View their pictures on a computer; upload them to a Web site (more computing); email them to each other (still more computing!) -- or have them printed for mounting in an old-fashioned album. While sharing via email is a step in the right direction, printing them and putting in old-fashioned albums is a step backwards. "What's needed," says Sistla, "is the digital equivalent of the old photo album: a stand-alone, tablet-shaped device with a nice big screen that will display pictures much as the old family album did."
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