While holding bank and personally identifiable information (PII) data creates risks, doing so is typically offset by the level of control it provides when it comes to initiating transfers and handling returns, meeting Know Your Customer (KYC) and Business (KYB) requirements, monitoring for fraud and abuse, and much more.
Securing sensitive data with Basis Theory allows customers to maintain access,
control,
and downstream functionality of vendors and partners without exposing or storing the information in their systems.Basis Theory 's proxy or API services can be used to transform and route bank and PII data with vendors without compromising downstream operations or capabilities.