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 financial services.

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

Resource Requirement:

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.

Requirement Review:

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.

Business Scenario:

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.

Functional Testing:

  • Interface Testing -evaluation of correct system module interaction.
  • Smoke Testing - initial testing process to check whether software is ready for further testing.
  • 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 working functionality.
  • Acceptance Testing - performed to make sure the software handles required tasks in real-world scenarios, according to specifications.

Database Testing:

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:

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.

User Acceptance:

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.