What are the most recent fraud use cases in digital banking space and how they have evolved with latest technology, which expose banks to a next level of risks. "The massive growth in digital fraud is exposing weaknesses in banks’ defenses. While banks are investing heavily to provide the real-time digital services that their customers want, they are failing to allocate sufficient resources to keep their services secure. Without adequate anti-fraud systems, many banks struggle to detect dubious transactions before they are completed.The challenge is particularly acute for smaller banks, where resources are more constrained. Two-factor “strong authentication” of the customer’s identity has proved an effective way to reduce digital banking fraud, but it is neither user-friendly nor cheap. Alternative approaches to detecting and preventing digital banking fraud can be both more effective and cover a wider range of circumstances. Artificial intelligence has been an ongoing marketing buzz word and applied in many technological space." We would like to share tips on how can banks break down the mystique and elusiveness of AI to make it practical and explainable in the use of banking fraud detection.