Claim · 2024-05 · publication · Stated in source · Supported

The Basel Committee’s report ‘Digitalisation of finance’ of May 2024 states that fraudsters can use deepfakes, synthetic media generated with AI, to commit account takeovers, loan fraud or wire fraud against bank customers.

One recorded claim. The claim panel gives its qualification, the source passages with their place in each source, and how it was checked.

What it connects

Digitalisation of finance → articulates → AI increases cyber, fraud and operational risks in finance

Where it appears

AI and money: what central banks and financial authorities have said, 1997–2026 →

Claim and evidence

Digitalisation of financearticulates ↓AI increases cyber, fraud and operational risks in finance

Machine-checkedStated in sourceSupported

Supporting evidence: primary · 1 source

Date: 2024-05 · publication Records dated 2024 →
Role: Articulation
Register (kind of text): Nonfiction

Scope and limitsDescribes a fraud risk among the risks of digitalisation; it gives no measure of incidence.

The evidence 01

primary sourceSupports the claim

Digitalisation of finance

Basel Committee on Banking Supervision (Bank for International Settlements) · 2024-05

Cite the original source

Cite the original document, not Selekoa. Check these details against it.

Source excerpt

“This can include, for example, the use of deepfakes (a type of synthetic media technology that uses AI to manipulate or generate visual and audio content that appears real) to commit account takeovers, loan fraud or wire fraud.”

Location in source PDF p. 23 (printed p. 19), section 4, bullet ‘Fraud-related risks’

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Basel Committee on Banking Supervision
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 e9858665f0859ef0380fcd817df114090fcd361a73db4b3bd0a276886f6d0fff). Retrieved again at admission on 2026-11-06 (same file). PDF as served on 2026-11-02 (requested at https://www.bis.org/bcbs/publ/d575.pdf, redirected to the landing page whose PDF link is the address given)
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Basel Committee on Banking Supervision, “Digitalisation of finance”, 2024-05.
Reuse: No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution.
Check notes: Candidate pack passage, AI and money (research/ai-money). The quotation (38 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review.

Status and meaning

Editorial status. Machine-checked. Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.

Relation. A passage of the document meets the proposition’s criterion. The record documents what the text states, in its register (fiction and satire are labelled); it is not evidence that the proposition is true and implies no influence on or from another text.

Date. Date of publication, as the text gives it.

Record ID am-u03-bcbs-2024-digitalisation