---
title: "2023 in Review: Product Updates"
description: In 2023 we focused on global expansion, developer integration experience, enhancing tokenization, and creating more native payment integrations.
image: https://blog.basistheory.com/hubfs/2023-in-review.png
---

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 January 26, 2024

![Picture of James Armstead](https://blog.basistheory.com/hs-fs/hubfs/Imported_Blog_Media/62b1da75da1e04053d424518_James.jpg?width=50&name=62b1da75da1e04053d424518_James.jpg) [James Armstead](https://blog.basistheory.com/author/james-armstead) ·

[Product](https://blog.basistheory.com/tag/product)

# 2023 in Review

![2023 in review at Basis Theory](https://blog.basistheory.com/hubfs/2023-in-review.png)

As 2022 came to a close, we knew we wanted to spend time on 4 key components of our product: Global expansion, developer integration experience, enhancing tokenization, and creating more native payment integrations. These key components drove huge successes across our customer base enabling each of them to speed up their product strategy, offset risks, or expand into a new region quickly.

## **🇪🇺 Solved GDPR and European Latency**

This past year we focused our product efforts on launching our EU and India production environments to continue our global expansion supporting use cases and compliance requirements across the globe. This provides our customers with a programmable payments API deployed directly into the region their customers are in.

## Improved Developer Experience

Our second focus was to decrease the burden on engineers that integrate with Basis Theory by creating a faster path to value with new debugging features, integration templates, and operational tooling.

A few key updates included:

- [Simplified Reactor Formulas](https://blog.basistheory.com/october-2023-changelog) to improve developer experience
- Launched the [Whitelabel Proxy](https://blog.basistheory.com/may-2023-changelog) and [updated](https://blog.basistheory.com/august-2023-changelog) its capabilities
- [Launched the new Basis Theory CLI](https://blog.basistheory.com/july-2023-changelog) to simplify code deployment and log debugging
- Implemented [Kapa.AI](http://Kapa.AI) to the developer docs for quick answers and solutions
- Extended the privacy capabilities of Elements
- Launched asynchronous Reactors

## Expanded Our Payments Stack

We also focused on expanding our Payments Stack by providing an integrated approach for Fintechs and merchants to integrate with many important products that enable their ability to own the user experience of these products. These include 3DS, Network Tokens, Account Updater, Fraud tooling, and capabilities to allow integrations into any other payment service provider needed.

A few of these updates included:

- Empowered users to [seamlessly integrate](https://blog.basistheory.com/november-2023-changelog) with leading anti-fraud solutions
- Enabled issuers to [leverage KnotAPI](https://blog.basistheory.com/september-2023-changelog) to drive volume
- Enabled [BIN detail lookup](https://blog.basistheory.com/august-2023-changelog) with the platform
- Launched new pricing tiers better aligned to Payment use-case

## Enhanced the Platform

Each month of 2023, we focused on building the features and enhancements that empower users to build their ideal payments stack.

A few of these enhancements included:

- Launched [Basis Theory Elements](https://developers.basistheory.com/docs/concepts/elements) for React Native, iOS, and Android
- Enabled [Payment Account Reference (PAR) access](https://blog.basistheory.com/centralized-hub-payment-account-reference) through the API
- Introduced the new [Elements HTTP Client Service](https://blog.basistheory.com/http-service-multi-vaulting) to enable dual-writing capabilities
- [Launched MFA](https://blog.basistheory.com/june-2023-changelog) in the customer portal
- Enabled extended storage for CVC
- Launched [Reveal](https://blog.basistheory.com/reveal-unmistakable-ux-sensitive-data) to create visually stunning and interactive displays

 

While 2023 was a big year for Basis Theory and the platform, we’re looking forward to an even more impactful 2024. We have more improvements, enhancements, and growth planned to improve the experience for all developers and users on the platform.

[![View an Interactive Demo   See how the Basis Theory platform secures payment data and significantly reduces PCI compliance burden from day 1.  ](https://no-cache.hubspot.com/cta/default/22332934/interactive-171495116167.png)](https://blog.basistheory.com/hs/cta/wi/redirect?encryptedPayload=AVxigLL0%2F2eFAAkShBYabeGUxF1f5NAxdKU9%2BKWF%2B599jaeL1nlF7IGXY%2FCKjkk5H9hzR02GX8bEYwtW7djm7mpAKNi4StITMBJVjt9RtAhU4HGTrEWK1UBvfhVv8uW261RnEWVqZxTKtNPglqtsW3go3zMoJiTPcDzbefZhyUDWUcCO5amFJ1WvghqplajHTDcWKD7BpjAML0pYLtP%2B%2BAXemHHaO5U%3D&webInteractiveContentId=171495116167&portalId=22332934)

## Related posts

[![Getting started with Basis Theory React](https://blog.basistheory.com/hubfs/Imported_Blog_Media/61f93624fb062349c7777415_How%20to%20encrypt%20data%20in%20react.jpeg)](https://blog.basistheory.com/encrypting-data-react-applications)

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### [Encrypting data in React applications with Basis Theory](https://blog.basistheory.com/encrypting-data-react-applications)

![Picture of Davi Aquino](https://blog.basistheory.com/hs-fs/hubfs/Davi-Square.jpg?width=50&name=Davi-Square.jpg) [Davi Aquino](https://blog.basistheory.com/author/davi-aquino) 

 January 28, 2022

[Read more](https://blog.basistheory.com/encrypting-data-react-applications)

[![test debit and credit card numbers](https://blog.basistheory.com/hubfs/test-card-numbers.jpg)](https://blog.basistheory.com/test-card-numbers)

[Payments](https://blog.basistheory.com/tag/payments)

### [Test Credit and Debit Card Numbers: Frequently Asked Questions](https://blog.basistheory.com/test-card-numbers)

![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) 

 March 27, 2023

[Read more](https://blog.basistheory.com/test-card-numbers)

[![Smart payment routing](https://blog.basistheory.com/hubfs/Payment%20Routing_%20What%20it%20means%20for%20a%20merchant.png)](https://blog.basistheory.com/smart-payment-routing)

[Payments](https://blog.basistheory.com/tag/payments)

### [Smart Payment Routing: Transactions Moving From A to B](https://blog.basistheory.com/smart-payment-routing)

![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) 

 June 10, 2025

[Read more](https://blog.basistheory.com/smart-payment-routing)

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