THE ROLE OF TECHNOLOGY IN STRENGTHENING COMPLIANCE CONTROL IN COMMERCIAL BANKS

In an era of increasing regulatory complexity, commercial banks face immense challenges in maintaining compliance with legal, ethical, and operational standards. Compliance control, a critical function in banking, ensures adherence to these standards, mitigating risks and fostering trust among stakeholders. Technology has emerged as a transformative force, strengthening compliance control mechanisms by enhancing efficiency, accuracy, and transparency. This article examines the role of technology in improving compliance control in commercial banks, exploring key innovations, benefits, challenges, and future trends.