{"id":2653,"date":"2016-04-01T09:08:00","date_gmt":"2016-04-01T09:08:00","guid":{"rendered":"http:\/\/www.gallop.net\/blog\/?p=1182"},"modified":"2018-10-03T15:49:18","modified_gmt":"2018-10-03T10:19:18","slug":"testing-banking-financial-applications","status":"publish","type":"post","link":"https:\/\/www.cigniti.com\/blog\/testing-banking-financial-applications\/","title":{"rendered":"Testing Banking & Financial Applications: Challenges, Trends, & Best Practices"},"content":{"rendered":"

\u201cThe most significant trend of 2016 will be the \u2018platformification\u2019 of banking\u201d<\/em> ~ Cornerstone Advisors<\/p>\n

Banking and Financial Services industry has been a forerunner in adapting and scaling up to the changes as and when they happen in the IT world. It is, thus, no surprise that Digital Transformation has been indicated by the upcoming trends and digital initiatives like Mobile Wallets, P2P transfers, Ping Pay, Omni Channel Banking etc. to be is the future of BFSI Industry. As per Juniper Research, by 2017, more than 1B mobile subscribers (15% of global mobile subscribers) will be using mobile banking.<\/p>\n

The Banking domain is replete with ever changing and cutting edge technology, with intricate functionalities intertwined into the applications. Being at the center of any commercial activity, it has a huge functional framework spread across Cards and Payment Gateways, Delivery Channels, Specialised service offerings such as Corporate Banking, Centralised Banking, etc.<\/p>\n

Secure and smooth support for transactions, ease of access, and performance are vital for any banking application to succeed.<\/p>\n

Challenges and Trends in the Banking Sector<\/strong><\/p>\n