Samsung Electronics and Versatel announce the successful launch of the first ADSL2+ full IP triple play service (TPS) network in the world. In the Netherlands, Samsung realized this fast next generation network for communications network operator Versatel that is able to offer the first triple play service through ADSL2+ to the Dutch market, now. A state of the art ADSL2+ network can provide services with speeds up to 24 Mbps. In this case, ADSL2+ enables Versatel to offer much faster and richer multi play services than providers using regular ADSL networks. Raj Raithatha, Chief Executive Officer of Versatel, stated: "Versatel is the first Dutch operator that provides multi media services over ADSL2+. Our ADSL2+ network has given us the necessary bandwidths to transmit television, video, telephony and internet services through a single copper line, thus giving Versatel a leading role in the introduction of new multi play services in the Netherlands. Given the tight time frame and the innovative character of the services, Samsung has proven to be a dedicated and reliable partner in the roll out of ADSL2+ in the Netherlands".
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