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How to manage regression testing with better, smarter and more robust test automation.
How to leverage continuous testing with better, faster and more robust test automation at lower costs.
How to automate multi-device testing for better path coverage and reduced costs.
How to leverage legacy testing applications for better, safer and more robust test validation at lower costs.
How to ease test maintenance with simplified, yet robust test automation.
There are multiple challenges when it comes to the banking and financial sectors.
• Compliance and regulatory requirements: Banks are heavily regulated, and the software they use must comply with a wide range of regulations and standards. Ensuring compliance and keeping up with changes in regulations can be a significant challenge for testing teams.
• Data security: Banks deal with sensitive customer information, and their software must be tested to ensure that it is secure and that customer data is protected. This involves testing for vulnerabilities and ensuring that the software complies with data protection laws.
• Complex systems and integrations: Banks have complex IT systems with multiple components and integrations with other systems. This complexity makes testing more challenging as there are many potential points of failure, and it can be difficult to identify and isolate issues. Additionally, testing changes to one system can have a ripple effect on other systems, so testing needs to be carefully coordinated.
BFSI softwares are complex to test due to multiple reasons:
• Large scale: Banking systems typically deal with a large volume of data and transactions, and they are often used by many people simultaneously. This means that the systems need to be able to handle high traffic and process large amounts of data efficiently.
• Security requirements: Banks deal with sensitive financial and personal data, so their systems need to be highly secure to protect against fraud and other types of attacks. This requires robust security measures such as encryption, authentication, and access control, which can add complexity to the system.
• Compliance requirements: Banks are heavily regulated, and their systems need to respect a lot of regulations and standards. It adds complexity to the system as compliance requirements often imply additional functionality or changes to existing processes.
• Legacy systems: Many banks have been in operation for decades and have built up a complex technology infrastructure over time. This can include legacy systems that are outdated and difficult to integrate with newer technologies. Upgrading or replacing these systems can be a significant challenge and require a careful approach to avoid disrupting operations.
