Aeris, a technology leader in the Internet of Things (IoT), today announced it was identified for the second consecutive year by Gartner, Inc. as a Visionary in the 2017 Magic Quadrant for Managed M2M Services, Worldwide.

The current version of EMV standard mandates the usage of Public Key Cryptography, for ability of POS terminals to perform offline card authentication (important in transit use cases) and for encrypting PIN by POS, for offline PIN verification by the card. The RSA has been chosen as the official Public Key Cryptography algorithm, in every payment network’s EMV implementation, since EMV was introduced twenty years ago. Each payment network today acts as Certificate Authority and maintains its own Public Key hierarchy, in support of the overall standardized EMV Public Key infrastructure.

ForwardLane, a FinTech start-up based in New York City, is a next generation artificial intelligence (AI) company using machine learning to aggregate and scale firm-specific content, market data news, investment research, product materials, and strategic analytics for financial professionals to deliver personalized stories for their clients.

The Bangko Sentral ng Pilipinas (BSP) and the Monetary Authority of Singapore (MAS) today signed a FinTech Co-operation Agreement (CA) to promote innovation in financial services in their respective markets. 

PayPal Holdings, Inc. and Synchrony Financial  announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation interests in receivables held by certain investors and a chartered financial institution.