Manga to work on tokenization platform as regulatory climate intensifies
Basis Theory from San Francisco has opened a Delhi office and hired Dhruv Manga as its new managing director for the Asia-Pacific (APAC) region for igniting interest in its tokenization platform as the regional regulatory climate intensifies.
Dhruv, a former Envestnet Yodlee VP, has over 20 years of experience originating and growing APAC sales organizations across cloud and enterprise software, business intelligence, fintech and financial services.
The APAC region is known for being progressive when it comes to privacy and data protection regulations. The adoption of General Data Protection Regulation (GDPR) in Europe has spurred further enhancements to existing policies, said the company in a release on 21 July 2022.
A recent shift from mere compliance to also holding companies accountable for the handling of personal data has increased the pace of regulation, with India, Singapore, Japan and South Korea implementing numerous new reforms in the past year.
Basis Theory’s tokenization platform allows any company to quickly encrypt, manage and abstract sensitive information away from its origin point so it can be securely shared and leveraged.
Securing and enabling safe access to sensitive data is crucial to building better products and adapting to the rapidly changing security and compliance landscape.
Basis Theory helps businesses operate confidently within the Asia-Pacific region’s fast-moving regulatory environment, while opening up new paths to innovation from the ability to share and leverage that data safely with vendors and partners.
“Dhruv has done this before: bringing transformative technology solutions to the APAC region and growing those practices from the ground up,” said Colin Luce, co-founder and CEO at Basis Theory.
“He is the right person to help us accelerate the growth we’re experiencing in this market, which is hungry for innovative solutions that don’t just take care of compliance, but also open up new opportunities to build without constraints.”
“With digital regulation on the rise, companies are radically rethinking data security and data portability. Basis Theory’s tokenization approach makes complying with the myriad and growing compliance requirements in the APAC region simple and safe, while freeing companies to innovate without fear of exposing corporate data,” said Dhruv Manga, Managing Director, APAC at Basis Theory.
Basis Theory is building from first-hand experience at Twilio, Klarna and Dwolla. It has raised over US$17 million from top-tier investors, including Bessemer Venture Partners and Kindred Ventures. fiinews.com
