{
  "id": 12660838,
  "title": "Fraud Becomes a Bigger Cost of Running a Neobank",
  "url": "https://urgent.news/2026/10/07/fraud-becomes-a-bigger-cost-of-running-a-neobank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T16:06:18.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/cybersecurity/fraud-prevention/2026/fraud-becomes-a-bigger-cost-of-running-a-neobank/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Neobanks are spending far more on fraud prevention even as their fraud losses continue to rise. Fraud prevention spending among neobanks, digital-only banks and FinTechs jumped 357% in a year, from $1.8 million to $8 million per institution, according to the PYMNTS Intelligence report “Scams Get Personal: Why Banks Pay More to Fight Fraud”. Average […] The post Fraud Becomes a Bigger Cost of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}