For companies in payments and financial services, keeping pace with shifting rules such as PSD2/3, AML/KYC, GDPR and a steady stream of local updates is becoming harder. The difficulty grows sharply for firms operating across several markets, each with its own requirements and timelines, claims Vixio.
Payment compliance software is a broad category. Some tools handle specific tasks: AML and KYC/KYB platforms screen customers against sanctions lists and verify identities, transaction monitoring systems flag unusual payment patterns in real time, fraud prevention tools block suspicious activity, reconciliation software matches records across systems, and data security solutions support standards such as PCI DSS.
A different and increasingly critical category is regulatory change management (RCM). Instead of performing a single compliance task, these RegTech platforms help firms understand which rules apply, what is changing and what action is needed. Many also help teams assign tasks, track progress and record decisions.
Manual tracking remains common, and it carries real risk. A typical workflow might involve spotting an update on a regulator’s website, emailing it to legal, debating it on a video call and logging it in a spreadsheet, with actions assigned in yet another system. Evidence ends up scattered, updates get missed, and accountability becomes unclear across legal, product and operations teams.
PSD3 shows why this matters. The new framework has two parts: the Payment Services Regulation, which will apply directly across EU member states, and PSD3 itself, which each member state must transpose into national law. The timing and detail of implementation may therefore differ from one jurisdiction to the next.
The stakes are high. Regulators can fine firms, suspend licences or restrict operations, and the reputational damage from a compliance failure can outlast the incident itself. Firms must also prove how they reached compliance. During an audit, teams may need to show when a change was identified, how its impact was assessed, who acted and when.
Generic AI tools such as ChatGPT or Gemini can speed up research, but they lack context about a firm’s specific products, entities and jurisdictions, and their tendency to hallucinate means outputs must be verified. Purpose-built platforms combine verified sources with business context and let users trace findings back to the original material.
Effective RCM software should monitor change across relevant jurisdictions, filter updates by relevance, assess gaps against existing policies and controls, assign and track implementation tasks, and keep a built-in audit trail.
When choosing a provider, firms should weigh coverage of current and future markets, deep payments expertise, the right balance of automation, and access to human specialists who can supply context that published sources may not.
Read the full Vixio post here.
Copyright © 2026 RegTech Analyst
Copyright © 2026 RegTech Analyst
