Definition:
Compliance technology refers to the use of software, automation, and artificial intelligence (AI) to enhance regulatory compliance processes and reduce risks.

Contextual Explanation:
Regtech solutions help businesses monitor transactions, verify customer identities, and manage compliance obligations efficiently. Paycompliance provides insights into the best compliance technologies for different regulatory environments.

Why It Matters:
Technology-driven compliance improves accuracy, reduces costs, and enhances regulatory adherence.