Meaning ● Data Privacy RegTech, in the context of Small and Medium-sized Businesses (SMBs), represents the application of technology to automate and streamline data privacy compliance processes, ensuring adherence to regulations such as GDPR and CCPA. Focusing on SMB growth, implementation includes software and platforms designed to simplify data mapping, consent management, and reporting obligations. Automation drives efficiency, allowing SMBs to minimize manual efforts and reduce the risk of non-compliance penalties, which directly contributes to a stronger competitive position.
