SendPay Business
Man in a light blue suit with glasses

What is RegTech? How technology helps money firms stay compliant

By SendPay Business · · 2 min read

Ask about this page:Ask ChatGPTAsk ClaudeAsk Perplexity
A quick ID check
  1. Add your photo ID
  2. Add proof of address
  3. Checked and verified

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.
Man in a suit smiling in a meeting room

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.

Try it

Name your platform and watch it come to life

Type a name, tap a colour and pick what it does. The phone changes as you go.

Colour

What it does

Build mine

Design and preview your whole platform free, then launch when you are ready.

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.

Developers at work

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 launch.

Man smiling while using a laptop

How it works

Your own money app
  1. Name it and pick your colours
  2. Choose what it does
  3. Launch when you are ready

Why sign up

Create your free SendPay account

It's all about creating your own financial platform with ease. Start with a free account today.

  • A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
  • Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
  • A free business websiteFree to build, free to publish and free to keep, with unlimited visits.
  • Your own financial platformDesign and preview your whole platform free, then launch when you are ready.
Create a free business account Create a free websiteStart building your platform

SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.

Questions people ask

What is transaction monitoring?

One of the main jobs RegTech does.

Transaction monitoring →
What is sanctions screening?

Checking customers against official sanctions lists.

Sanctions screening →
Can I launch my own money app?

Yes, with identity checks built into sign-up.

See platforms →

Read next

Spotted a mistake or something out of date? and we'll fix it. How our guides are made

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. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.