At the Custom Electronics Design and Installation Association (CEDIA) Expo in Indianapolis last week, HP demo'd a new technology for its high-definition television sets that will allow consumers to use them to access digital files stored on their PC's. According to HP, the technology, which is slated for distribution next summer, will allow its HDTV sets to communicate with a variety of devices on a home network, and will also allow consumers to access multimedia services over the Internet. The prototype HDTV sets that HP demo'd at CEDIA contain a built-in media receiver that enables them to communicate wired or wirelessly with PC's. HP plans to offer companion software with the TV sets that will allow consumers to create virtual databases of media content on their PC's: once a library of personal media is created and a wired or wireless connection is made, the company says, consumers will be able to use their remote controls to navigate those libraries and access their content. "This is among the world's most advanced television technology," Steve Nigro, HP's SVP and general manager of imaging and printing technology platforms, said in a prepared statement. "By creating even smarter HDTV's, HP will help consumers access digital content over the Internet or content that was previously quarantined on the PC. Now that content will be readily available through the heart of home entertainment--the TV."
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