Mobile Application Testing<\/a>, is an indispensable step in the application development strategy that the financial sector cannot miss or mess with!<\/p>\nHow good-looking is your user application?<\/h3>\n
Visualize, Conceptualize, Create\u2026some key steps to ensure that your application serves its purpose and gets the required attention. Is the user interface simple enough, are the key functional areas clear, is the look appealing and responsive to the user needs? These are some apparent concerns that Software Testing and QA helps in resolving. Ensuring performance, functionality, accessibility, and compatibility of the application is critical for any financial app to get successful and bring value for the users and the end consumers of the service.<\/p>\n
Successful Transactions, Secure Interface.<\/h3>\n
Payment gateways and seamless transactions is fundamentally essential in the financial services domain. Moreover, with the current uncertainties with networks, software, and devices, ensuring smooth and secure financial transactions is a growing concern. Along with it, the application must provide additional details regarding the financial transactions, such as payee details, adding fresh payee information, preview of the transactions, last 10 transactions, detailed account statements and few more similar details.<\/p>\n
Moreover, with Artificial Intelligence (AI) being introduced, the customer should be able to reach out easily for help in case of an issue or fraud emergency. Even a quick help from a personal banker might not be a bad idea. All these services and issues must be tested in a controlled environment to not only determine its success, but also its failure.<\/p>\n
Third-party transactions and notifications<\/h3>\n
Who says that a financial app can only facilitate financial transaction? It can and has to do more than that. It serves to requirements such as providing financial advice and related notifications, sending birthday or anniversary wishes and related offers, shopping interface, window to buy policies across the application, credit monitoring, loan related services and EMI tracking, utility bill payments, and much more that keeps reinventing.<\/p>\n
Testing methodologies such as Service Virtualization, Agile, and DevOps help development teams to keep rolling out new facilities with confirmation that the performance and security risks are minimal. Also, if there is a risk that knocks about, there is a disaster management mechanism as well.<\/p>\n
Convergence with Devices<\/h3>\n
For the millennials, mobile devices are merely a facilitator to converge with other devices, especially, wearables. As per New Research, Smart Wearables Market estimated to grow with a CAGR of 14.66% in near Future by Top Companies like Fitbit, Xiaomi, Apple, Garmin, Samsung, Jawbone, Misfit, Polar, Moto, Huawei. Smart Wearables market size to maintain the average annual growth rate of 14.66% from 20500 million $ in 2014 to 30900 million $ in 2017, The analysts believe that in the next few years, Smart Wearables market size will be further expanded by 2025. The market size of the Smart Wearables will reach 58000 million $.<\/p>\n
While these numbers are exciting and encouraging, the challenges surrounding this market are phenomenal in nature. There are integration and compatibility issues that these manufacturers and application developers must deal with through the development and consumer lifecycle. This can be resolved by implementing testing methodologies such as Continuous Development, Deployment, and Continuous Integration. This is critical, as the investments and stakes are high in this domain.<\/p>\n
The banking domain<\/a> is replete with ever changing and cutting-edge technology, with ever more intricate functionality intertwined into applications. Business Continuity, Service Delivery, and Performance are key aspects that need to be kept in mind for improving and increasing RoI.<\/p>\n","protected":false},"excerpt":{"rendered":"A recent study by CSI executives involved interaction with U.S. financial institutions where these institutions were asked about the banking industry \u2013 strategic priorities, budgets, planning, technology choices, current trends, raising concern areas, compliance trends and much more. During the course of the study when the executives rated their proficiency in some select key areas, […]<\/p>\n","protected":false},"author":20,"featured_media":13541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[742],"tags":[830,2365,565,275,2465,2469,1248,28,2445,644,2471,2352,494,493,89,1276,102,27,1281,206,218,1696],"ppma_author":[3727],"authors":[{"term_id":3727,"user_id":20,"is_guest":0,"slug":"cigniti","display_name":"Cigniti Technologies","avatar_url":{"url":"https:\/\/www.cigniti.com\/blog\/wp-content\/uploads\/120X120-1.png","url2x":"https:\/\/www.cigniti.com\/blog\/wp-content\/uploads\/120X120-1.png"},"user_url":"https:\/\/www.cigniti.com\/","last_name":"Technologies","first_name":"Cigniti","job_title":"","description":"Cigniti is the world\u2019s leading AI & IP-led Digital Assurance and Digital Engineering services company with offices in India, the USA, Canada, the UK, the UAE, Australia, South Africa, the Czech Republic, and Singapore. We help companies accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership."}],"_links":{"self":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts\/13540"}],"collection":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/comments?post=13540"}],"version-history":[{"count":0,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts\/13540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/media\/13541"}],"wp:attachment":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/media?parent=13540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/categories?post=13540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/tags?post=13540"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=13540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}