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

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