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Tipping the Triangle

Predictive analytics to mitigate empty envelope fraud


Fraud is driven by an intentional human element that continuously mutates and evolves, making it a crime that is notoriously difficult to contain. As a result, detecting and mitigating the impacts of fraud remain ongoing concerns for the financial services industry.

As the volume of data grows and the industry focuses more closely on detection, analytics has evolved to provide proactive, real-time insights into fraud behaviors and activities. The goal is to develop solutions that incorporate these predictive techniques along with the continuous monitoring of data collected at large financial institutions. By applying analytics to financial data within a proactive framework, fraud can be prevented, detected and mitigated to better manage financial risk.

Deloitte’s advanced analytics team partnered with a large Canadian bank to exchange ideas, resources and subject matter expertise. This paper, a collaborative product of that partnership, looks at the impacts of fraud, at challenges in the current fraud landscape and at the ways in which new analytics solutions are reducing risk and improving financial security.

For more information on how Deloitte can help your organization reduce risk and improve financial security using analytics, download the PDF.

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