On September 6, the Technical Specification for Financial Applications of Deepfake Detection (hereinafter referred to as the “Specification”), China’s first financial application technical specification jointly formulated by the Beijing Frontier Institute of Regulation and Supervision Technology (FIRST) and other institutions, was officially released at the 2024 Inclusion Conference on the Bund. It marks that China has made an important breakthrough in deepfake detection technology in the financial field, providing strong technical support for financial security.

The Specification is organized by the Zhongguancun Fintech Industry Development Alliance and jointly formulated by over 10 institutions, such as FIRST, Tianji Lab of Ant Group, Industrial and Commercial Bank of China, China Construction Bank, Postal Savings Bank of China, China CITIC Bank, National Financial Technology Certification Center (Beijing), Zhongguancun Internet Finance Institute and MYbank. It aims to cope with the security threats of deepfake technology to financial identity identification, transaction verification and other scenarios. The Specification defines the technical framework, functional specifications, performance indicators and test evaluation methods of deepfake detection in detail, providing an all-round and multi-dimensional security guarantee for digital identity authentication in financial services.

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