At the IBC show in Amsterdam last week, set-top box manufacturer, Humax, launched its first portable multimedia player (PMP), the Portable PVR HUP-1000. The small-footprint device (20mm thick and weighs less than 300g), which features a 4.3-inch LCD display with 16:9 ratio widescreen, allows end-users to store and watch movies; download and play music and videos; record and play back TV programs, using built-in PVR capabilities; and view digital photos. According to Humax, features of the new box include: a long-life battery, that allows end-users to view two movies or listen to 150 songs back to back and that can be charged via USB, a car adapter or an AC adapter; a mini-B USB device port with USB cable; AV Out to connect it to a TV or set-top; stereo sound; headphones and headphone socket; and 480x272xRGB pixel resolution.
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