digital quality engineering solutions for NextGen open banking

Your next-gen banking solutions need next-level Quality Engineering.

We’ll help you embrace transformation with confidence by leveraging our customized quality engineering solutions. We help validate embedded banking through banks-fintech partnerships, personalized insights/virtual assistant-led banking implementations, payment modernizations and more.

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HOW WE CAN HELP YOU

Deliver business-resilient applications with domain-focused QE capabilities.

Hit the ground running from day 1. With our quality engineering expertise across banking, financial services and credit unions, you can shape the future in payments, digital channels, credit services, digital core, as well as commercial corporate banking, investment banking and trade finance.

Optimize omni-channel QA cycle time up to 6x.
Gain ~100% coverage through AI prediction.
Improve automation coverage by 40%.
Reduce regression testing up to 80%.

Achieve higher quality through AI-powered QA optimization and Prediction.

Through our AI-led quality engineering solutions, we help in future proofing the digital bank’s environment by addressing the core methodologies and emerging technologies related to open banking platforms, fintech integrations and AI-enabled analytics and virtual assistants.

Accelerate Concept To Cash

We help implement continuous quality through AI-led solutions to enable accelerated development cycle time so you can achieve faster implementation of products and ideas to reach targeted business revenue goals ahead of your competition.

Gain Empathy-Driven Customer Experience

Leverage our unified solution of multichannel QE frameworks, real-world user personas based on crowd test capabilities and CX/UX journey map analytics, which enhance your customer experience transformation objectives and accelerates adoption and usage of digital and open banking initiatives.

Improve Your Customers’ Omnichannel Experience

Get end-to-end quality across devices and systems. Banking focused Robotics and AI led Quality Engineering capabilities validating the core integrations of devices such as ATMs, Card Payments, Virtual Banking Solutions.

Manage Risk With Greater Precision

Our Qualisense scriptless AI platform can help you model risk management, testing and validation for all compliance and regulatory risk requirements and cybercrime/security control validations.

mobile application stress testing for telecom app

OUR SOLUTIONS

Customized solutions for banking to meet dynamic disruptions and evolving digital technologies.

Leverage multichannel QA automation frameworks for digital banking technologies, use of Phygital Robotics for End to End automation of ATM, point of sale payment terminals, implement nextgen chaos engineering frameworks and cyber security solutions to meet the demands of modern customer experience transformation programs.

Payment Channels Modernization

We offer holistic testing for payment API and automation strategies across all integration layers of merchant terminals, payment processors, exchange networks and financial institutions through services automation, virtualized interfaces, robotics and simulators.

Trade Reconciliations

Data reconciliation/validation of FIX Messages for Trader Orders and Fills using scriptless data automation, investment banking testing services and pipeline tools highlighting trade anomalies and enable remediation for same day processing, resubmissions of orders.

Omnichannel Customer Experience Transformation

We’ll provide mobile and browser cloud devices-based automation strategies to validate across all operating systems and mobile device form factors with integrated performance engineering solutions.

Digital Assistants/Virtual Banking Solutions

Gain end-to-end automation for AI-enabled chatbots and digital assistant solutions through automated intent and utterance generation capabilities and integration with leading AI orchestration engines.

A success story

Mobile Banking App Delivers Flawless Customer Experience – Any Place, Any Bandwidth

01—Challenge

Our Client needed its mobile banking app to deliver new and better features to customers fast, whatever their location or bandwidth. This demanded agile dev rollouts and advanced testing capabilities to cover global but highly localized instances of the app.

02—Solution

We created a customized public-private hybrid-cloud solution with an accompanying Sauce Labs Continuous Testing Cloud analytics suite, including universal mobile emulators and simulators. We then mapped and deployed over 40 iterations of the app to global geolocation personas and scenarios.

03—Result

Qualitest’s hybrid-cloud solution ensured global consistency and is now used with continuous deployment, continuous improvements, speed and parallelization across vast territories spanning varied regulatory requirements, bandwidth deviations, devices and browsers.

medical device software application testing expert

OUR CAPABILITIES

Bank on quality-driven success.

We have lots of ideas to help your bank build more quality into your brand. Get started by checking out these pages.

Top Insights

Discover how you can embrace innovation to drive new value for your organization. Explore new insights. See tangible outcomes.

Case Study

Global FS and Reinsurance Leader Secures 40% Cost Efficiency with Expert Quality Engineered Managed Testing Services

When this BFSI giant found that even an Agile project wasn’t delivering the market agility they sought, Qualitest was engaged to deliver the requisite quality at speed.

Banking & Financial Services Digital Transformation for Insurance Companies Managed Testing Services

3 min

Case Study

Leading RegTech Provider Enhances Performance and Scalability with Automation Testing

Qualitest addressed the Client’s slow deployments and extended development times by implementing a comprehensive automation framework and shifting performance testing earlier in the SDLC.

Banking & Financial Services Compliance Test Automation

4 min

Case Study

Global Payment Platform Upscales Capacity, Speed and Accuracy with Full System Re-Architecture in the Cloud

Transitioning from JMS to a high-persistence cloud streaming solution, our team enhanced scalability and eliminated data loss between micro-services. The revamped platform handles increased traffic seamlessly, eradicates in-transit data loss, and achieves a notable 20% reduction in processing time.

Banking & Financial Services Cloud DevOps & Agile Digital Transformation

2 min

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Let’s take care of what you need.

All we need is a little information and we’ll start creating a plan.

FAQs

Here are some frequently asked questions about BFSI software testing.

What is BFSI software testing?

BFSI (Banking, Financial Services, and Insurance) software testing is the process of testing software applications and systems that are used in the banking, financial services, and insurance industry. This type of software testing ensures that the software is reliable, accurate, and secure.

BFSI software applications are typically complex and critical, with high stakes involved. They are used for tasks such as processing financial transactions, managing customer data, and ensuring compliance with regulatory requirements. The consequences of software failure in this industry can be significant, ranging from financial loss to damage to a company’s reputation.

BFSI software testing involves a range of techniques and tools to ensure that the software is robust and reliable. This may include functional testing to ensure that the software meets its intended requirements, performance testing to ensure that the software can handle high volumes of transactions, security testing to identify and address vulnerabilities, and usability testing to ensure that the software is user-friendly.

The testing process may also involve working closely with stakeholders in the banking, financial services, and insurance industry to ensure that the software meets their needs and regulatory requirements. This may include testing the software against specific industry standards and regulations.

Overall, BFSI software testing is a critical aspect of software development in the banking, financial services, and insurance industry. It helps ensure that the software is reliable, accurate, and secure, and can meet the needs of users in this highly regulated and complex industry.

How to test banking software?

Testing banking software requires a rigorous approach to ensure that the software meets the requirements of the banking industry and is reliable and secure.

Here are some general steps to follow for testing banking software:

Requirements Analysis: The first step in testing banking software is to analyze the requirements of the software. This includes understanding the functionality, features, and specifications of the software.
Test Planning: Based on the requirements analysis, create a test plan that outlines the testing objectives, the testing approach, and the test cases that will be executed.
Functional Testing: Functional testing verifies that the software meets its intended requirements. This includes testing features such as account opening, fund transfers, balance inquiries, and other banking transactions.
Performance Testing: Performance testing ensures that the software can handle high volumes of transactions and that response times are within acceptable limits.
Security Testing: Security testing verifies that the software is secure and protects sensitive data such as customer information, account numbers, and transaction details. This includes testing for vulnerabilities such as SQL injection, cross-site scripting, and other security threats.
Usability Testing: Usability testing ensures that the software is user-friendly and that the user interface is intuitive and easy to use.
Integration Testing: Integration testing verifies that the banking software integrates properly with other systems, such as core banking systems, payment gateways, and other third-party applications.
Regression Testing: Regression testing ensures that changes or updates to the software do not negatively impact existing functionality or cause unexpected errors.
User Acceptance Testing: User acceptance testing involves testing the software with end-users to ensure that it meets their needs and requirements.

Overall, testing banking software requires a comprehensive and methodical approach to ensure that the software meets the standards and requirements of the banking industry and is reliable and secure for customers.

Why choose Qualitest for BFSI software testing?

Qualitest’s reliable and innovative BFSI software testing services provide extensive testing solutions for banking, financial services, and insurance industries. With a global team of experts and advanced automation tools, Qualitest ensures compliance, reduces risk, and enhances customer satisfaction.