The Bishop's Method

The Bishop's Method is a technique used in banking to detect fraudulent activity by analyzing the patterns of transactions over time. It examines sequences of deposits and withdrawals to identify unusual inconsistencies or deviations from normal behavior. By comparing current activity with historical data, the method helps auditors and investigators spot potential irregularities that could indicate theft, fraud, or errors. Essentially, it’s a systematic way to scrutinize financial records for signs of trouble, ensuring better oversight and security in banking operations.