Banking is at the center of all commercial activity. Banks also have their own mammoth
functional frameworks spread across Core Banking, Delivery Channels, Card and Payment
Gateways, Specialized service offerings such as Corporate Banking, Centralized Banking,
and so on. Transactional accuracy, ease of access, availability, and performance are key
to any application in this sphere.With extensive experience in offering state-of-the-art
testing solutions for the banking and financial institutions, we provide better
products, services, and superior customer experience to ensure quality, transparency,
and cost-effectiveness.As banking applications grow more complex and interconnected,
lenders need to rely on robust, automated testing to ensure quality and integrity of
Testing Services involve the following:
- Credit Check Applications
- Financial Product Management Applications
- Premium Finance Applications
- Collections Platforms and Applications
- Mortgage Calculators and Management
- Wealth Management
- Asset Management
- Electronic Cards and Payment Solutions
- Management Information Systems
- Risk, Regulation and Compliance Applications
It involves documentation of requirements either as Functional Specifications or
as Use Cases. Requirements are gathered as per customer needs and documented by Banking
Experts or Business Analyst. A banking application may have separate modules for
Transfers, Credit Cards, Reports, Loan Accounts, Bill Payments, Trading Etc.
All the requirements are verified and validated. Follow up actions and
requirement document revisions are done based on the same. The deliverable of
Requirement Gathering is reviewed by all the stakeholders such as QA Engineers,
Development leads and Peer Business Analysts.
They cross-check that neither existing business workflows nor new workflows are
violated. All the requirements are verified and validated. Follow up actions and
requirement document revisions are done based on the same.
In this stage, QA Engineers derive Business Scenarios from the requirement
documents (Functions Specs or Use Cases); Business Scenarios are derived in such a way
that all Business Requirements are covered. Business Scenarios are high-level scenarios
without any detailed steps. Further, these Business Scenarios are reviewed by Business
Analysts to ensure all of the Business Requirements are met. It is easier for BAs to
review high-level scenarios rather than reviewing low-level detailed Test Cases. For Ex:
a customer opening a Fixed deposit on the digital banking interface can be a business
scenario. Similarly, we can have different business scenarios related to net banking
account creation, online deposits, online transfers, etc.
- Interface Testing -evaluation of correct system module interaction.
- Smoke Testing - initial testing process to check whether software is ready for
- System Testing - conducted on a complete, integrated system to evaluate the system's
compliance with its specified requirement.
- Integration Testing - performed to test units of code to verify interaction between
various software components and detect interface defects.
- Regression Testing - testing to ensure changes made are not impacting previously
- Acceptance Testing - performed to make sure the software handles required tasks in
real-world scenarios, according to specifications.
Banking application involves complex transaction which is performed at both UI
level and database level.it is entirely separate layer in application.Thus it is carried
out by data specialists.
Security Testing is usually the last stage in the testing cycle. A prequisite to
commencing security testing is the completion of functional and non-functional testing.
Security testing is one of the major stages in the entire Application testing cycle as
this stage ensures that application complies with Federal and Industry standards.
This is done by involving the end users to ensure that the application complies
with the real-world scenarios and will be accepted by users if it goes live.