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Ta3s - Testing Banking and Finance Applications
Ta3s - Testing Banking and Finance Applications
Ta3s - Testing Banking and Finance Applications
Ta3s - Testing Banking and Finance Applications
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Ta3s - Testing Banking and Finance Applications

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What’s happening in Banking World? …

What’s happening in Banking World?

The entire landscape is very competitive and banks today are evolving. Banks are relying more and more on technology to reach customers and deliver services in short span of time. It is becoming important for them to be consistent and deliver quality customer services using technology to reach, expand and deliver faster and better services.

Adding additional services and transactions via technology, integrating with legacy systems and delivering using new delivery methods are becoming a norm. The banking industry is embracing newer technology to grow their market share. With technology, banks today are global players and no more local.

Challenges

Challenges in the multiple industries are similar but in Banking, there are specific challenges, which makes it unique, which are

• Frequently changing market and regulatory requirements
• High data confidentiality requirements
• Complex system landscapes including legacy systems
• Newer technologies such as mobile and web services
• Enterprise banking integration – Core banking, Corporate Banking and Retail Banking
• Application performance – Internal and External

Approaches to meet the challenges

It is very important that banks and financial establishments conduct regression tests over the entire application lifecycle for every release and also maintain test suites for each release using effective version control system linked to requirements, test cases, test scenarios and realistic test data. Based on this, an effective testing approach can be taken individually or by combination of the following to achieve the desired results:

• Risk-based testing
• Automation - Legacy, Web, Mobile
• Test data management
• Compliance / Statutory testing
• Performance and Capacity engineering
• Off-shoring

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  • 1.       What’s  happening  in  Banking  World?   The  entire  landscape  is  very  competitive  and  banks  today  are  evolving.  Banks  are  relying  more   and  more  on  technology  to  reach  customers  and  deliver  services  in  short  span  of  time.  It  is   becoming   important   for   them   to   be   consistent   and   deliver   quality   customer   services   using   technology  to  reach,  expand  and  deliver  faster  and  better  services.     Adding   additional   services   and   transactions   via   technology,   integrating   with   legacy   systems   and   delivering   using   new   delivery   methods   are   becoming   a   norm.   The   banking   industry   is   embracing  newer  technology  to  grow  their  market  share.  With  technology,  banks  today  are   global  players  and  no  more  local.   Challenges   Challenges  in  the  multiple  industries  are  similar  but  in  Banking,  there  are  specific  challenges,   which  makes  it  unique,  which  are   • Frequently  changing  market  and  regulatory  requirements   • High  data  confidentiality  requirements   • Complex  system  landscapes  including  legacy  systems   • Newer  technologies  such  as  mobile  and  web  services   • Enterprise  banking  integration  –  Core  banking,  Corporate  Banking  and  Retail  Banking   • Application  performance  –  Internal  and  External     TESTING  BANKING  AND  FINANCE  APPLICATIONS  
  • 2.             Approaches  to  meet  the  challenges     It   is   very   important   that   banks   and   financial   establishments   conduct   regression   tests   over   the   entire   application   lifecycle   for   every   release   and   also   maintain   test   suites   for   each   release   using   effective   version   control   system   linked   to   requirements,   test   cases,   test   scenarios   and   realistic   test   data.   Based   on   this,   an   effective   testing   approach   can   be   taken   individually   or   by   combination  of  the  following  to  achieve  the  desired   results:     • Risk-­‐based  testing     • Automation     o Legacy   o Web   o Mobile   • Test  data  management   • Compliance  /  Statutory  testing   • Performance  and  Capacity  engineering   • Off-­‐shoring       Risk  based  Testing   To   deliver   quality   product   to   the   market   on   time,   it   is   necessary   to   ensure   that   you   have   tested   it   effectively.   Risk   based  testing  helps  you  to  prioritize  the  tests  /  features  and   reduce  the  number  of  tests  to  be  executed  for  each  release  or   upgrade   while   keeping   the   risks   within   an   acceptable   range   thus  reduce  the  impact  of  any  failures.  
  • 3.           Test  Automation   To  ensure  effective  regression  tests,  test  automation   is   necessary.   Automating   tests   for   your   legacy,   web   and   mobile   applications   and   conducting   effective   integrated  tests  will  be  a  step  towards  achieving  the   results  you  would  expect  and  accept.   The  crucial  success  factor  is  reliability  &  sustainability,   which   is   provided   by   automated   test   suites.   The   automated  test  suites  can  be  run  in  new  releases  and   upgrades  without  too  much  of  maintenance  effort.     Regression  tests   ensure  that  the  rate  of  defects  per   executed  test  is  significantly  lower  than  for  the  new   functionality.   Majority   of   the   defects   found   by   automated   regression   tests   would   be   functionalities   that  worked  fine  in  earlier  releases  but  not  working  in   the   new   release,   integration   tests   issues,   effects   of   changes  in  3rd  party  components,  integrated  systems   or   external   features.   Effective   end-­‐to-­‐end   testing   using  automated  regression  tests  combined  with  risk   based  testing  will  help  ensure  quality  and  also  time  to   market  while  decreasing  costs. Test  Data  Management   Production   data   is   very   important   for   testing.   However,  due  to  security  concerns,  testing  is  done  on   test  data,  which  does  not  even  resemble  near  to  the   production  data.     Data   masking   tools   and   techniques   are   used   to   change  the  production  data  in  a  way  that  it  is  secure   and   can   be   used   for   testing.   The   advantage   of   this   approach  is  that  you  would  conduct  tests  on  realistic   scenarios  to  get  realistic  results  and  good  coverage.   Maintaining   test   data   is   also   important   as   it   may   change  over  a  period  of  time.  Verifying  test  data  for   every   execution   is   as   important   as   keeping   the   test   scripts  maintained.     The   other   technique   of   test   data  management  is   to   generate   synthetic   test   data,   which   is   excellent   to   ensure   compliance,   sustainability   and   integrity.   The   assumption  is  that  you  would  generate  the  synthetic   test  data  as  you  produced  the  production  data.   A   combination   of   masking   test   data   and   creating   synthetic   test   data   for   tests   would   provide   you   the   desired   results   to   ensure   coverage   and   conduct   a   more  realistic  integrated  tests.      
  • 4.       Compliance  Testing   Compliance   and   Software   quality   assurance   goes   hand   in   hand.   Organizations   are   faced   with   increasing   number   of   regulations  and  changes  year  on  year  while  they  still  have  to   ensure  the  IT  systems  are  compliant  to  the  frequent  changes.     In  the  financial  industry,  SOX  (Sarbanes-­‐Oxley),  was  enacted  to   protect   shareholders   from   fraudulent   practices.   In   the   EU,   similar  legislation  called  Solvency  has  been  enacted  upon  the   insurance   companies.   Penalties   for   non-­‐compliance   quickly   reach  into  thousands  of  dollars  and  the  negative  publicity  that   can  damage  the  reputation.  In  many  cases,  organizations  are   forced   to   go   back   to   paper   based   system   until   all   the   exposures  are  mitigated.   Each  system  has  to  be  validated  and  certified  to  be  compliant   before  testing  and  production.  Compliance   testing  with  right   test  data  and  test  automation  will  help  you  ensure  systems  are   validated  before  shipped.     Performance  Engineering   Performance   of   your   product   on   web   and   on   Mobile  defines  adoption  of  your  services  today.   End-­‐user  experience  matters  the  most.     Employing   techniques,   which   help   you   in   ensuring   that   code   is   executing   correctly,   network   is   behaving   properly,   Servers   are   performance  as  it  should  and  pinpointing  to  the   problem   area   in   the   highly   integrated   environment  is  the  key.     As  you  add  additional  customers  online,  it  is  also   important  to  ensure  that  your  application  is  able   to   handle   the   extra   load   by   optimizing   the   application,   adding   addition   resources   to   the   network  or  the  server.  The  trick  is   to  add  more   and   more   users   while   maintaining   the   performance  parameters  and  SLA’s.     You   will   need   to   conduct   accurate   affordable   scalable   load   test.   You   will   need   to   the   do   the   following  to  ensure  performance  and  scalability:   • Performance  Engineering   • Bottleneck  analysis     • Capacity  Planning   • Load  Testing   • Stress  Testing   • Scalability  Analysis     Testing  Services  by:   Ta3s  Solutions  Private  Limited   401,  Shravanthi  Gardens   17 th  Cross,  JP  Nagar  5th  Phase   Bangalore  –  560078   India     Tel:  +91  80  41666003   US:  +1  (415)  992  8550   Mob:  +91  9880195129   Email:  sales@ta3s.com  

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