Basis Theory recently appointed Dhruv Manga as its new managing director for the Asia-Pacific (APAC) region. The executive will lead operations based out of the company’s new office in New Delhi, a press release reported.
“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.”
Upon assuming his new role, Manga will be tasked with attracting local interest in Basis Theory’s tokenization platform as its “regulatory climate intensifies.”
The former Envestnet Yodlee VP and head of sales brings in more than two decades of cloud and enterprise software, business intelligence and fintech and financial service experience.
“In the same way Envestnet Yodlee changed how the financial industry shared and leveraged data, Basis Theory is changing the way companies secure and share sensitive data,” Manga, managing director, APAC at Basis Theory, said. “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.”
Basis Theory’s compliance data tokenization platform promotes secure use and sensitive data management. The program encrypts, manages and abstracts sensitive information away from its point of origin and stores it in a safe location.
The company confirms plans to leverage its operations in the Asia-Pacific region amid its accelerated regulatory environment.
“The APAC region is known for being progressive when it comes to privacy and data protection regulations, and the adoption of GDPR in Europe has spurred further enhancements to existing policies,” a recent press release states. “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.”