At the IBC show in Amsterdam last week, a London-based company called WiNetworks demo'd a WiMAX-based solution designed to provide satellite TV providers with a two-way broadband network over which they can offer triple-play services, including not only voice and data, but VOD and other two-way interactive TV applications (note: the solution could also be used to enable local ad insertion). The solution, which enables an always-on return path, is based on the company's patented "Hybrid WiMAX DVB" (HWDV) technology, which it says allows satellite operators to leverage their existing customer premises infrastructure (dish, set-top box, coax wiring, etc.) to deploy a WiMAX broadband wireless network at very low cost. WiNetworks says that it is the first company to use the new WiMAX protocol (IEEE 802.16 d/e) to deliver a solution uniquely designed for the DBS industry (note: WiMAX is a new broadband wireless standard backed by around 300 telecom technology and service providers). "The DBS carriers have recognized the need to expand beyond their existing satellite infrastructure in order to deliver broadband triple-play services," WiNetworks CEO, Effi Atad, said in a prepared statement. "Our innovative solution will do for DBS what HFC did for cable, and will make DBS operators the third and most effective broadband access channel to the home. Over time WiMAX' ability to deliver fully integrated fixed and mobile connectivity services will provide DBS carriers with an advantage over CATV and Telcos."
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