Mission-critical banking applications are those that cannot afford to face downtime. These banking applications must meet the strict sprint deadline because banks prioritize customer trust
The global pandemic (2020-2021) had led to unanticipated issues such as economic crisis and credit risk. The upcoming years looked uncertain while facing a critical
The digital lending market is exploding with growing apps and fintechs. As per a report IIFL FinTech, the digital lending market is expected to grow
Banking businesses thrive on market relevance and ever-evolving customer preferences. It matters a lot for banks to ensure the highest level of customer satisfaction. They
Oracle has already announced the release note of v14.7, with several patchset releases in FLEXCUBE core banking solutions versions like 14.6, 14.5, 14.4 and more.
The banks form the economic background of any country. Hence, each move banks make towards improving their digital platform determines where they are in their
The current scenario The United Arab Emirates was already in the process of digital transformation when the pandemic struck. COVID has propelled the growth and
A banking system or a platform might have minor patches, enhancements, and configurations after they are sent to production. These changes may seem negligible, but
We have seen significant changes in the banking and financial industries. Customers’ requirements, growing digitalization, and market competition have accelerated. These factors are propelling banks
Application Programming Interface or API is a current trend in the banking and financial industry that helps organizations in their various service lines. APIs have many benefits
The digital transformation journey is gaining momentum in the banking and financial industry. But when did the journey first start? As per a Gartner report,
The global pandemic (2020-2021) had led to unanticipated issues such as economic crisis and credit risk. The upcoming years looked uncertain while facing a critical
Payments are considered the backbone of banking transactions. It is the lifeline of Corporates / Retail customers for their day-to-day dealings with the Bank. Across
Every bank has specially curated services for their customers residing anywhere around the world. But why would an NRI need special financial services? The NRI
The banking industry has been transitioning for more than a decade. Pandemic might have put human life at a standstill, but it has spurred innovation
The scope of APIs in the banking and finance industry is ever-increasing. But the rising vulnerabilities pose a threat to their growth. That could also
Quality assurance and software testing are the key areas of the software development phase. The current scenario is that the software development lifecycle (SDLC) demands
The lending market is much bigger than we could probably comprehend. There are various categories of loans, and each has very distinct requirements. Banks and
Software Testing Automation has gained significant acceptance in enterprises in recent years. Many organizations struggle to identify the value drivers in a test-automation purchase and
There are multiple reasons why the banking and financial industry needs enterprise resource planning (ERP) systems. ERP system facilitates agile delivery in the broader spectrum
What difference have you noticed between customer onboarding before and after the Covid-19 pandemic? Let’s say you wanted to apply for a loan before Covid.
The need for QA services in the banking and financial industry is increasing with the rise of technology and innovation. Following the digitalization trend, banks
Countries believe there is unfathomable growth of digital payment in the banking ecosystems. In fact, many countries are including the plan to boost the digital payment
Transaction banking plays a significant role in the functioning of corporate and banking institutions to allow a smooth and safe flow of cross-border transactions, trade
There has been a progressive shift from Banks and FIs towards more nimble and agile digital platforms, this facilitates them being more effective and efficient
The world had come to an abrupt halt with the outbreak of the Covid-19 pandemic, but there was a sudden surge of innovation. Organizations in
The traditional lending process was time-consuming as the time for credit appraisal and disbursal used to be around three to four weeks, and the average
Financial transactions are a part of our daily lives. How we manage our assets, income, and expenses must all be recorded in a system. A
Banks are steadily adopting open-source test automation tools. Let us explore why banks rely on open-source test automation tools. Banks in less than half a
Technology has made Indian banking systems move from physical to digital platforms. Amidst the rising concern of the global pandemic, when the entire world moved
Banks and financial institutions are evolving to be more customer-friendly. They no longer need complicated applications & software, bulky systems, or multiple platforms to store
Risk-based testing is a preferred approach for many industries. Especially in banking and financial industries, where the applications are updated and released at regular intervals,
Managing international trade and commerce on a platform requires a thorough inspection. Companies use financial instruments and products to accelerate International trade and commerce. These
Testing mobile and internet banking platforms are essential in the current banking landscape. Customers no longer wish to continue with brick-and-mortar banking. They avoid visiting
Wealth management is a support advisory service offered to the customer in effectively creating a long-term/lifetime investment plan. The advent of financial technology has been
The key to building a successful business is meeting consumer requirements and gaining trust. There is no place for error in the modern competitive digital
With the world moving towards digitalization, people expect things to swirl around in the blink of an eye. There is no room for manual errors
The lending process is one of the service pillars of every bank and financial institution. Lending services support financial organizations and allow them to calculate
Payments are synonyms for banks and financial institutions. It forms the very existence of the BFSI sector, which means that the industry can never meddle
It is a sheer competency to handle the entire testing process from a location that is far away from the actual business site. Offshore testing
The BAU model is a continuous working model, but there is no assurance that it will continue to function the way it is expected to
Testing, like the software development process, has come a long way. What we now see is an improved process that implements high-end technologies. Testing has
Application Programming Interface (API) Ecosystem spurs digital transformation. It creates an open-source and encourages the providers and the users to work together to develop and
Banking systems are far more developed with the latest technologies. Especially during the last decade, technological advancements have changed how we transact and interact with
The flexibility in digital banking as a form of open banking has compelled UK-based banks to share important financial information in a secured and organised
The importance of QA is increasing steadily with the growth in digitalization, with 40% of the financial sectors have already adopted DevOps. As now more
A need to release your applications frequently and fast is essential to drive your business in today’s technologically advanced world. However, in an effort to
DevOps is a multidisciplinary approach that creates an advanced development environment by combining development, IT operations, modern practices, and tools. When test automation is carried
As the world is witnessing a huge transformation at the technological front, organizations are constantly upgrading their legacy systems to keep up with the trend.
One of the major challenges that lie ahead of digital transformation is the legacy systems that the businesses run on. Legacy systems are the software
Data is omnipresent. It is available across multiple applications, data warehouses, databases, and even the public Cloud in every organization. Data belongs to various groups
Risk-based testing starts early in the project by identifying the risks to the quality of the system. This knowledge is used to guide the planning,
Big data migration is way more complicated than a mere “lift-and-shift” migration. One of the major concerns is data security when migrated to the cloud.
Organizations do not immediately execute software testing after receiving the project details. From acquiring project details to test execution there is a critical step of
Let us consider that you have a critical project idea, and you want to set up an automation testing framework. A complex mobile application will
The primary intent of conducting software testing is to uncover the bugs, assess them, and identify the associated risks. This approach will enhance the software
Organizations determine various performance-level benchmarks for systems, transactions, infrastructure, and applications. They understand that minimized time for page loading, lower response time, and seamless navigation
As technology is advancing, the software gets subjected to various new and improved features. Such integrations may cause errors/bugs in the system not allowing it
As the digital space is evolving at a tremendous speed, the use of digital devices has also witnessed immense growth. Digital devices like laptops and
Performance testing is a critical part of any testing strategy as it indicates the maximum user load the system can process, thereby, helping to mitigate the
Test automation has transformed the core software system of organizations with a better and smarter workflow approach. The improved test automation helps to optimize the
In today’s fast-paced world, development and deployment must go hand in hand to ensure timely delivery without compromising on quality. To support this modern application
Creating a visually appealing website with seamless functionality is great, but if it crashes easily or fails to work under higher traffic, it can never be a
Improving the ‘quality’ of software is the key to creating a loyal customer base and increasing the ROI. There are different metrics to assess the software
Creative designs and seamless navigation of the website determines the fate of how well the organizations connect with their audience. Only a visually appealing (UI)
Software testing has evolved from tedious manual testing processes to automated solutions. As software development processes are getting complex and moving towards a more agile
Let’s begin with some numbers! According to IndustryARC, the global data migration market that emphasizes Cloud-based servers over on-premises ones is predicted to reach an
DevOps has transformed the process of software development and testing. It is a multidisciplinary approach that brings together the development and operation departments together. This
As the software industry is witnessing a major technological transformation, the development and testing processes have also seen major advancements. Not just the functional and
Delivering uk best essays.org quality code in a small timeframe has become more critical than ever before. To increase their pace, organizations are moving towards
What is a test case repository? Test repository comprises a comprehensive library of test cases that ensure key variations, such as initial states, possible scenarios,
The technological trend is changing at a faster rate than we anticipated. With this changing technological landscape comes the need to constantly update new and
Barene hadde ikke begrepet uavhengig, men lånte det fra en gammel artikkel for en annen homofil utgave “som er som i dyrehagen”, der alle homoseksuelle
With the exponential growth and advancement in technology, the software development industry is experiencing a massive change in the development paradigm. As the software development
The growing emphasize on the quality of software applications has led to an evolution of advanced QA processes. With this trend of quality being the
Business processes are constantly evolving to suit the requirements of the modern workplace, hence, letting enterprises reorganize their existing systems/workflows. The reorganization process involves the
One of the major responsibilities of a bank is to enable payment on behalf of its clients. Banks are significantly investing in payment and payment-reconciliation platforms to
Organizations are constantly investing in their digital transformation journey to enhance their business operations in today’s fast-paced competitive market. But, if done incorrectly, the advanced
Performance testing is a crucial part of the QA process which is directly associated with customer satisfaction. Imagine a pay-day, banks are busy dealing with salary accounts of
Software testing is an inevitable part of the entire software development and deployment cycle, which is directly linked to the quality of the end products.
Collecting and analyzing requirements is one of the crucial stages of the software development process. Requirement validation involves evaluating the idea and defining the project
Adapting automated algorithm for software testing is a massive trend in the industry, and with advances in AI, it can reach unprecedented heights. The incorporation
Communication between banks/ financial companies is a critical process as it involves the exchange of sensitive financial information. Let’s take, for instance, a person transferring money from one
The banking and financial landscape is undergoing a huge transformation to support the continually changing customer behavior, which is determined by the changing uncertainty. Uncertain situations, like the COVID-19 pandemic, have driven banks and financial companies to innovate in order
In recent times, globally, QA outsourcing has become a common practice across large and small organizations. But why do companies outsource testing? Software QA Outsourcing
Digitization of consumer markets has led to an enormous change across all the industries. With more people conforming to the internet for their day-to-day tasks,
Dynamic technological trends and revolutionary innovations have redefined the way businesses operate. The changing trends have transformed organization preference to a continuous management model. Speed,
In this digital era, software solutions and applications are becoming an essential part of everyday products and services. Due to the high level of competitiveness
Technology is ever-evolving with new advancements making its presence every day. Organizations are constantly updating their legacy systems to the new ones to take advantage
The operational strategy of banks has changed over the last few years and will continue to see further changes due to technological evolution. This scenario
The evolving technological advancements are reshaping the organizational structures and transforming the roles of individuals to suit the modern workplace. One such role introduced lately
We live in the digital age where technology has a great impact on our daily lives; this has become the driving force for social evolution
Ever since the WHO announced COVID-19 as a pandemic in March 2020, there has been strict regional lockdowns, social distancing norms, and restriction of movement
Payments is considered the heartbeat of banking and is an area that is witnessing significant disruption. Transactions today occur not just through debit/credit cards but also wallets
Building an efficient testing strategy is an integral part of any software development process. The success of the software depends highly on QA as it
Digital technologies have gained momentum in the last few years reshaping the business models and helping companies to explore new opportunities to scale up efficiencies
The culture of credit lending has been in existence from time immemorial. With the onset of the millennial era, the loan process has become an
Touchless technology has created a buzz in all possible industries, becoming the most popular word of the last decade. Every one of us have witnessed
The world is stepping into a new era where technologies fuel digital transformation across all sectors. While it sounds exciting, this innovation and digital transformation
Companies develop software products to stay relevant to the trend and offer seamless customer service. To ensure that the quality of the developed product is
Globalization is rapidly increasing and connecting the world economies as one. This growth has led to an increase in global business travelers like never before.
The current technology-driven era has embraced intelligent technologies, like Robotic Process Automation (RPA) and Robotic Test Automation (RTA), which have a significant impact on the
In a year filled with challenges, we’re thrilled to have accomplished so much, from a stronger workforce to new clients, as highlighted in the snapshot
Introduction Digitalization is driving transformation! In recent years, many digital platforms were developed to address user requirements, and innovation is still underway. Since we use
Introduction The full potential of test automation lies in a well-formulated strategy. As the demand for feature-filled applications rises, independent software vendors and organizations focus
Software development comprises of phases like gathering requirements, building, and testing the software followed by installation. In the development phase, the software may be exposed
Developing applications for banking and financial sectors is essential, as it enables organizations to meet their customer needs and expectations. The Covid-19 pandemic has accelerated
The quality of software can be determined when it adapts to changes and promptly responds without any delays. However, overtimes with extensive use the code
The world of mobile apps is vast and competitive. The quest for user attention requires significant investment in ensuring apps are accessible, easy-to-use and cause-no-harm.
The current 5 years ongoing trend speaks of 50 million deployments in 2015 annually, which if broken down would be one in every second. There
Leveraging digital technologies help to provide superior customer experience and bring greater measurability to internal processes. However, digital transformations are marathons and not sprints. With
The Growing Need for Test Data Management Early in 2018 four major Banks in the US had clients up in arms when, for several hours,
Software testing in the banking industry is an important exercise performed to accommodate and reflect operational changes. Given the surge in use of banking applications
I have been a fan of online casino games for many years, and I know that software testing is an important part of the process.
User Acceptance Testing (UAT) Service ensures that a software continues to perform and provide you with expected outcome under all business scenarios. UAT is an
Testing software before it is put to live is an important phase to ensure that your software is safe and user friendly. Testing software properly
A comparison that can be drawn between the desired performance outcome with the actual performance outcome of software is testing. Ideally, a software testing professional
The 2019–2020 coronavirus pandemic led to several nations announcing lockdown in order to control the spread. As a result, many companies started operating remotely with
The 2019–2020 coronavirus pandemic has led to several nations announcing lockdown in order to control the spread. As a result, many companies are operating remotely
2019 has been a rewarding year and we are extremely thankful to our amazing team, partners, and clients for making it possible. Not only did
Banks and FinTech firms today have geared up to implement effective digital strategies to enhance the overall banking experience. However, the financial services industry juggles
Why Is There a Need to Automate a Bank’s API Testing With the advent of open APIs, new business opportunities are being created at the
How Banks Can Ensure Quality CRM Testing with an Automated Solution The modern regulatory and competitive environment has forced banks and financial institutions to deploy CRM
Automated Loan Origination Testing for Uninterrupted Banking Operations Lending is increasingly becoming a highly specialized operation with credit appraisal being based on diverse data sources.
Checkmate Extended Implementations: Checklist for LOS testing Banks and Financial Institutions are increasingly investing in improving the credit origination process, introducing a higher degree of
3 Reasons Why Robotic Test Automation for Banking is Vital In February this year, a leading bank in South Africa faced what it termed ‘technical
Five Points to Consider while Deploying Software Test Automation As banks and financial institutions battle a variety of external and internal changes, including the pressing
