While the first officially certified equipment is not expected to see the light of day for at least another four months, operators are rushing to embrace WiMAX technology as a broadband alternative and backhaul solution. According to new statistics from Infonetics Research, worldwide WiMAX equipment revenue will grow to US$124.5 million this year, up from an almost negligible $16.4 million in 2004, and is likely to hit $1 billion within the next three years. Having just launched its certification program in Spain, the WiMAX Forum has been desperate to cement the credibility of its efforts in general and 802.16 technology in particular. In the recent past the Forum has battled revelations from major WiMAX developer, Alvarion, that the industry is not ready for the certification programme and recently held a major product showcase event in Canada to "prove that WiMAX is real." According to Infonetics, while revenues still pale in comparison of those for other fixed and wireless solutions such as DSL and Wi-Fi, the operator market is now ready to accept WiMAX, certified or not. The group notes significant early deployments as a backhaul solution and says that operators will more rapidly embrace the technology once new mobility applications become available.
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