Utilize our Digital Assurance Services in the Banking Sector to Achieve
50% reduction in overall test execution effort
Reduced Web and Mobile Banking Application test life cycle by 25%
Our Clients Include Some of the Biggest Brands in the World
Digital Transformation Challenges in the Banking Industry
Banks need a robust infrastructure, a well-defined digital quality assurance approach with an emphasis on end-to-end functionality, connectivity, and seamless integration into the backend systems to provide the best possible consumer experience. While delivering a positive client experience across all channels such as mobile, online, and cloud, banks must also ensure secure transactions and the protection of sensitive customer information across all touchpoints.
Web security is a prime concern that makes penetration testing thorough Code level reviews & compliance to industry security standards such as PCI DSS also critical.
How Cigniti Helps Banks in Their Digital Transformation Journey
Cigniti provides the best in the next generation of migration and assurance activities such as ISO 20022 along with Blockchain testing services for banking. Cigniti’s comprehensive Digital Transformation program for Banks assures a superior UX for its clients’ customers while optimizing the service delivery cost. It spans end-to-end functional validation, Mobile App validations, 3rd Party API integrations, Cyber Security Assurance, Biometric validations, and more.
Components of Cigniti’s IP, BlueSwan™, such as Incight and CESA, help in providing prescriptive insights into the clients’ digital offering. With its cutting-edge payments practice spread across payment processors, aggregators, and payment technology providers, Cigniti ensures an intuitive and user-friendly payment experience.
Cigniti’s Offerings for the Banking Sector
- Testing of core banking systems
(Temenos T24, Finacle, Flexcube, FIS) - Open Banking
- No code, low code solution for BFSI
- Digital Brokerage and
Wealth Management Solution - Legacy Modernization
- Omnichannel Banking
- Blockchain Solution: Vendor finance on Hyperledger Fabric
- Blockchain Solution: Trade Finance
- Post-trade Settlement on R3Corda
- ISO 20022 Migration Services
- Enterprise Financial Crimes Management
- Banking Risk Compliance
The Next-generation of Payments: ISO 20022 and Blockchain Testing Services for Banking
Our Messaging Standards Expertise comprises the ISO 20022 format – message components and syntax, and the return handling process – Recall and Revoke, providing benefits of ISO 20022 Migration such as fraud prevention and an improved audit trail, faster integration, improved analytics, and more.
Our Blockchain testing domain specialists help address the bottlenecks of Vendor Financing with Blockchain powered by Hyperledger Fabric and Smart Contracts to create a versatile decentralized finance (DeFi) infrastructure. This brings benefits such as greater transparency, enhanced security & privacy, reduced cost, and more.
Test Accelerators For Banking Sub-domains
Our Test Accelerators cutting across all the critical business flows and banking sub-domains.
Corporate Banking
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- Trade Finance
- Corporate Lending
- Commercial Lending
- Securitization
- Forex
- Liquidity Management
Open Banking
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- Customer Account Information
- Product Information
- Third Party Payments
- Account Servicing & Payment Initiation
Retail Lending
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- Loan Origination
- Decisioning
- Servicing
- Delinquency Management
- Reporting & Analysis
Compliance & Regulations
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- BASEL III
- DoDD Frank Act
- FATCA
- MiFID II
- PSD2
- Regulation CC
- SOX Act
- US Patriot
Payments
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- Retail Banking Payments
- POS
- Merchant Payments
- Bill Payments
Investment Banking
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- Wealth Management
- Private Equity
- Broker Dealers
Retail Banking
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- Customer On boarding
- Checking/Savings Account
- Payments & Transfers
- Account Statements and Reports
- Debit and Credit cards
- COB reports
- Deposits
Test Accelerators for Products
Our pre-built test cases across all leading banking and core banking products accelerate the overall test design cycle by 60%.
Cards and Payment Testing Expertise
Digital Payments
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- Contactless Payments
- P2P transfers
- Tokenisation
- POS Terminals
- Remittance Services
Cards
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- Authorizations
- Merchant Mgmt.
- Messaging Systems
- Collections
- Disputes and Chargebacks
- Delinquency
API-based Payments
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- Realtime Payments
- Third Party Payments
- Payment Gateways
- Identity based payments
E-commerce
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- MPoS
- Card Payments
- Payment Process
- Payment Aggregators
Business Areas
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- Digital Banking
- Issuance
- Mobile Payments
- Acquiring and Processing
- Value Added Services
- POS Terminals
Our Digital Insights
Top 10 Use Cases for Generative AI Within the Banking and Payment Industry
Leading Bank Reduced Credit-loss Rates & Enhanced Efficiency Through Credit Risk Model Validation
Your Ultimate Roadmap for Achieving Digital Transformation in Banking & Finance with Digital Assurance
For More Thought Leadership Blogs
NextGen Technologies That are Aiding Quality@Speed in Banking & Financial Services
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Leverage Cigniti’s Digital Assurance capabilities for Banking and achieve high levels of customer satisfaction and retention.