{"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 Some other IT trends already showing their impact and presence in the field of finance are Testing Center Of Excellence (TCOE), big data analytics, cloud, and virtualization. Even though these are not very pocket-friendly technologies to be maintained, they are here to stay and will continue to grow.<\/p>\n Additionally, some other commonly faced challenges in testing Internet Banking are:<\/p>\n And then there are specific challenges in Testing Mobile Banking Apps<\/p>\n Best Practices<\/strong><\/p>\n A few best practices that will help manage the aforesaid challenges in testing banking applications are:<\/p>\n Trying to implement the above mentioned practices require large investments both in terms of expenses and efforts, and a trusted partner can help banks save a lot of money and time in addition to ensuring business continuity and protection.<\/p>\n The team at Gallop Solutions specializes in providing testing solutions to the banking and financial services sector. Register for an informative and thought provoking webinar on Apr 13, 11:00 AM EST to learn how you can benefit from the latest test strategies that are being laid out to help you succeed in the digital age to provide world class experience to Mobile Banking customers.<\/p>\n\n
\n
\n
\n