SHIFT · GLOBAL
Neobank fraud prevention spending surges 357% as losses climb
Fraud prevention spending among neobanks, digital-only banks, and fintech firms jumped 357% year-over-year—from $1.8M to $8M per institution—yet fraud losses continue to rise, per PYMNTS Intelligence.
WHY IT MATTERS
Reveals fundamental unit-economics crisis: neobanks cannot buy their way out of fraud with automation. Margins compress; consolidation and strategic exits likely accelerate.
Source: PYMNTS · 2026-10-07