Quality Assurance is driven by commitment and it is quality that keeps the clients bound to software being used. Testing methodologies evolve with the dramatic changes in technology and adapt to the changing expectations from testing approaches and tools.

Software testing ensures flawless verifications of the desired results from the software versus the actual outcomes when the process is performed. Test automation rules out human errors and automates mundane repetitive tests which are critical in keeping the system healthy.

Automated Testing for Fintech

Fintech is the new buzzword making rounds in the information technology circles. This technology for financial services related to Banking, Insurance, Mobile Payments, Investments, Personal Lending, Asset Management, Fund-Raising, Digital Currencies, and more gives rise to a niche testing ecosystem catering to the special requirements of this domain.

Manual testing proves to be a slow process to match up with the agility expected from software testing for Financial Institutions. With frequent upgrades to the processes delivered through solutions and apps; it is no mean feat to keep the vulnerabilities at bay. The accuracy and correctness of Test Automation remain the only way out for most of the test processes in the software for financial institutions which have specific traits setting them apart from other domains.

• Intricate Workflows
• Innumerable concurrent sessions
• Multi-tier functional hierarchy
• Integration with other financial solutions
• Requires real-time as well as batch processing
• Expects flawless security measures
• Strong audit trails and other audit mechanisms
• Appropriate reporting and dashboards to keep a tab of the ongoing
• Extremely large storages

It is then quite clear that a test methodology with appropriate maturity and meticulousness is of utmost importance for these organizations.

Types of Testing Advocated for Financial Institutions

Keeping in mind the practical situations faced in the scenarios for software testing services for financial institutes, a comprehensive test strategy taking care of different types of testing, automated as far as possible and where applicable can serve the purpose.

• • Usability Testing

    Since the services of a financial institute, typically a bank can be availed by a diverse customer base, the test strategy should lay a lot of stress on Usability testing and ensure expected behavior even when a non-proficient user makes mistakes.

  • Security testing

  • These systems are easily the most vulnerable and are always on the hit list of hackers and malicious activities. Penetration tests and vulnerability checks are the back bone of the test strategy for these applications.

  • Functional testing

  • Functional testing for these enterprises need to make sure that the requirements and specifications for the intricate workflows are in place.

  • Performance testing

  • Financial activities have their shares of spikes and low days too. Unaffected performances in the event of a higher number of activities need to be ensured.

  • Database Testing

  • Keeping the data safe by ensuring data integrity and data validations are of the highest importance for any system, especially financial institutions. Rules need to be followed during data migration and data exchanges over communication channels as well.

Logical Approaches to Plan Test Automation for Fintech

With newer agile approaches to software development like XP Programming; Agile software testing becomes a reality. With Continuous Integration, test automation tools remain on a constant vigil to examine and validate ongoing software development. A long-term approach to test automation takes shape with prudence and planning.

A good synergy created between the developers and testers goes a long way in ensuring the safety of the systems. A centralized test approach avoids fragmentation within the workflows and keeps the software testing and the delivery of the software seamless and integrated. This end-to-end testing approach is geared up to make sure of certain core requirements of testing for a financial institution.

• Identifying the requirements and the workflows of the institution
• Ensure complete test coverage
• Testing Concurrency scenarios
• Making sure of uniform user experiences across multiple channels
• Assuring privacy and integrity of data

Framework Approach for Automated Testing Services for Financial Institutions

The processes in any financial institution are tightly integrated and require constant examination and alertness. System logic and rules need to be applied as a whole to govern the functioning of the software.

A test automation framework developed for financial institutions governs the centralized testing of the process. The framework tightly integrates components of repetitive processes of the institution.

• Libraries
• Test Data Sources
• Objects
• Modules and Functions

A test automation framework takes care of expressing the expectations from tests, putting drivers of the tests in place, executing the tests, and generating test results to prompt corrective actions.

More About the Framework Approach

In a Nutshell

An appropriate and prudent test strategy is the call of the day today for software testing companies. Keeping in mind the various trends for testing in 2016, SPEC QA Software Testing Services ensure a right mix of traditional and modern Testing approaches and provide support through the Testing Life Cycles. The unbiased test reports help smoother implementations with near-zero post-delivery defects and higher customer satisfaction.

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Author: SPEC QA