At the opening of the Intel Developer Forum in San Francisco, Paul S. Otellini unveiled Intel's next-generation, power-optimized micro-architecture for future digital home, enterprise, mobile and emerging market platforms -- and low-power products that will enable a new category of converged consumer devices. Intel will introduce a micro-architecture in the second half of 2006, that combines the company's current Intel NetBurst and Pentium M micro-architectures and adds new features. "We will deliver factor of 10 breakthroughs to a variety of platforms that can reduce energy consumption tenfold or bring 10 times the performance of today's products. At the same time, Intel innovation will continue to deliver unique digital enterprise, home, office and mobile features, such as greater manageability, security and virtualization, along with an increasing capability to manage and view digital content," Otellini said. Intel currently has more than 10 processor projects that contain four (quad-core) or more processor cores per chip. Otellini also announced that forthcoming lower-power products will lead to a new category of ultra energy-efficient Handtop PC devices that provide a converged communication and PC-like experience but require less than a watt of processing power and weigh under a pound.
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