,Q6HSWHPEHUWKH-XVWLFH'HSDUWPHQWXQVHDOHGDFULPLQDOFRPSODLQW
DJDLQVW3DUN-LQ+\RND1RUWK.RUHDQFLWL]HQIRUKLVUROHLQWKH6RQ\DQG
:DQQD&U\LQFLGHQWVDVZHOODVIRUVWHDOLQJPLOOLRQIURP%DQJODGHVK%DQN
LQ7KHFKDUJHVDUHODUJHO\SHUIRUPDWLYHKRZHYHUDVWKHPDQOLYHVLQ
1RUWK.RUHDDQGZRQ¶WEHH[WUDGLWHG
7KHPRQH\HDUQHGIURPWKHVHDQGRWKHUF\EHUDWWDFNVDSSUR[LPDWHO\ELOOLRQ
RYHUWKHSDVWIHZ\HDUVKDVEHHQXVHGE\1RUWK.RUHDWRIXQGLWVZHDSRQV
SURJUDPVDFFRUGLQJWRDFRQ¿GHQWLDO81UHSRUWOHDNHGWRWKHSUHVVLQ$XJXVW
)LQDQFLDORUJDQL]DWLRQVDUHDWRSWDUJHWRIUDQVRPZDUHFDPSDLJQV RIWKRVH
QHWZRUNVKLWE\UDQVRPZDUH¿OHHQFU\SWLRQLQ1RUWK$PHULFDEHWZHHQ-DQXDU\
DQG-XQH SHUFHQWZHUHLQWKH¿QDQFHDQGLQVXUDQFHVHFWRUIROORZHGE\
HGXFDWLRQDWSHUFHQWDFFRUGLQJWRVHFXULW\¿UP9HFWUD*RYHUQPHQWV\VWHPV
ZHUHWKLUGDW SHUFHQW 1RW3HW\DUDQVRPZDUHIRUH[DPSOHLVWKRXJKWWR
EHWKHZRUNRI5XVVLDZKLFKZDQWHGWRGLVUXSW8NUDLQLDQLQGXVWULHVDQG
government sectors but eventually hit industries around the world, resulting
LQ86VDQFWLRQV
³7KHVSHHGRI1RW3HW\D¶VVSUHDGZDVDZDNHXSFDOOIRUVHFXULW\WHDPVWR
JHQHUDWHDQGVKDUHWKUHDWLQVLJKWVIDVWHU ́VHFXULW\¿UP,URQ1HWVDLGLQ-XQH
³&\EHUGHIHQVHVWRGD\VKRXOGHPSOR\QHDUUHDOWLPHQHWZRUNWUḊFDQDO\VLV
YHUVXV@OLNHO\RXWGDWHGVLJQDWXUHEDVHGDOHUWLQJV\VWHPV$GYDQFHG$,DQG
machine learning are needed to help analysts keep pace with the speed of
DWWDFNVDOORZLQJTXLFNWKUHDWLGHQWL¿FDWLRQDQGUHDFWLRQ ́