Basis Theory

Basis Theory is a fintech platform designed to enhance the security and management of sensitive data through tokenization and encryption. While it operates adjacent to blockchain and web3 technologies, its core purpose is to provide a secure infrastructure for data handling across various sectors, including fintech, healthcare, and e-commerce. The platform's API and SDKs allow for the easy storage, transformation, and transmission of critical data such as personal identification and banking information, employing tokenization to convert sensitive details into non-sensitive counterparts, thereby reducing compliance and security risks. Basis Theory emphasizes developer-friendliness with its simple APIs, low-code solutions, and the ability for developers to control encryption keys, ensuring data is protected while remaining fully usable for analytical and operational purposes. The platform supports handling of any serializable data, from payment information to documents and images, emphasizing its versatility and commitment to data security and privacy amidst rising concerns over data breaches and the growing demand for transparent and secure data handling practices. This approach...