The banking and financial services industry (BSFI) has been
at the forefront of adapting to changes in IT and digital transformation. So it
comes as no surprise that digital transformation is an indication of future
digital initiatives and trends, including P2P transfers, mobile wallets, ping
payment, omnichannel banking, and more, which will be a prospect for the
future. BFSI Industry. The financial world is in constant technological
evolution and complex functionalities entangled in applications. There are huge
functional frameworks spread over payment gateways, cards, delivery channels
and new services such as centralized banking, business banking, etc. It is
important to provide seamless and secure support for transactions, performance,
and ease of access. Its uses are imperative for the success of any financial
application, which is why financial software testing companies exist for it. techwadia
Here are some important and effective QA use cases to
follow when testing financial applications:
How to change a password: A test team should ensure that
they include functionality to change login credentials. To ensure this,
development teams must set up a secure way to edit personal information. techbizcenter
How to activate a connection with valid credentials - You
need to ensure that users connect to their accounts with only valid
credentials. If you do not provide the correct information, the user should be
able to restore their credentials by following a procedure.
How to send transactions to multiple users: Evaluators
should ensure that users can send funds only when there are sufficient funds in
their account. technologywebdesign
How to lock an account after multiple login attempts: When
testing financial software, testers should ensure that an account is locked
after multiple login attempts. This is necessary to secure the account.
However, they should also offer a way to restore an account, which the user can
access by providing valid login information.
Challenges when testing financial apps
Security tests
Due to variation in devices and networks, security testing
becomes more difficult. Software testing must comply with all security
standards on different platforms, networks, etc. lifebloombeauty
Reduced time to market
It is a standard that financial service providers / banks
are in a hurry to attract their customers with new features. As a result, test
teams have reduced their usual test time, which can have security implications.
It also affects customer trust and loyalty.
A wide range of devices
With the advent of IoT devices, their testing is also
becoming a huge challenge for test teams. They make sure they have the set of
devices to test, so that all functions are performed as needed. futuretechexpert
conclusion
Once you know the facts and numbers above regarding banking
apps, it is easier to get down to the test part. It is important to know if
banks can afford not to have applications that are not easy to use, fluid or
secure. Therefore, when testing financial software, it is important to verify
all aspects of an application that are running smoothly and operating according
to customer expectations. techsmartinfo