What is RegTech? How technology helps money firms stay compliant
By SendPay Business · · 2 min read
RegTech, short for regulatory technology, is software that helps financial firms meet their legal and regulatory duties. It automates checks that would otherwise take teams of people, and helps firms spot problems faster.
Common types of RegTech
- Identity verification, checking documents and faces at sign-up.
- Transaction monitoring, flagging unusual payments.
- Sanctions and PEP screening against official lists.
- Regulatory reporting, preparing the data regulators ask for.
RegTech vs fintech
Fintech is the broad name for technology in financial services, such as payment apps and neobanks. RegTech is the part of fintech focused on compliance. Many fintech firms rely on RegTech providers behind the scenes.
Why it matters
Anti-money-laundering and fraud rules keep growing, and doing everything by hand is slow and error-prone. Good RegTech lets small teams handle checks at scale, though the firm itself stays responsible for its compliance decisions.
Where SendPay fits
Every SendPay platform includes customer identity verification at sign-up, powered by licensed partners, so you don't have to build it yourself. Your own compliance policies remain your responsibility, and SendPay tells you in writing what applies before you pay.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
Build my platform →Questions people ask
What is sanctions screening?
Checking customers against official sanctions lists.
Sanctions screening →Read next
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.