{"id":2772,"date":"2022-09-01T00:00:00","date_gmt":"2022-09-01T00:00:00","guid":{"rendered":"https:\/\/www.telesign.com\/the-rise-of-neobanks-new-kid-on-the-financial-block-brings-out-the-bad-guys"},"modified":"2024-01-18T17:10:23","modified_gmt":"2024-01-18T17:10:23","slug":"neobanks","status":"publish","type":"post","link":"https:\/\/www.telesign.com\/es\/blog\/neobanks","title":{"rendered":"The rise of neobanks: New kid on the financial block brings out the bad guys"},"content":{"rendered":"

New technology can be exciting. For early adopters and risk takers looking for bigger payoffs, the latest shiny object is often hard to resist, especially if it promises more benefits and a better experience than the status quo.<\/p>\n

Banks are historically slow to innovate, seeking instead to stay the course and project the image of certainty, security, and proven reliability.<\/p>\n

But innovation waits for no one, and banks are no exception.<\/p>\n

When neobanks broke on to the fintech scene, many consumers were excited to move their banking into the modern, digital era. However, it quickly became clear that the advantages these new companies provide come with risks. As a result, when fraud occurs in neobanks, it often leads to financial losses for individuals and reputation damage for these new businesses that count on consumer trust to gain market share.<\/p>\n

In this article, we explain what neobanks are, what they offer, and discuss the ways fraud can be prevented in the nascent industry.<\/p>\n

\n
\n

Table of Contents<\/p>\n<\/span><\/div>\n