Software Testing is the solution to banks' potential financial risks

Posted by KMS Solutions on Mar 18, 2021 3:31:59 PM

JB3_8878To meet the increasingly diverse need for financial services, banking institutions are focusing on banking software solutions, like building new applications such as Mobile Banking, Personal Finance applications, Corporate Finance systems. In accordance with that, they also apply Software Testing to ensure the quality of these technologies.

According to QA Experts from KMS Solutions, Software Testing usually accounts for 10-20% of software development costs, however, it can help reduce over 80% of the common risks associated with development errors and defects; and offer suggestions to improve customer experience.

For the Banking sector, Software Testing is particularly challenging due to a lot of reasons: the high volume of concurrent users, stringent requirement of security, complex integration.

Some of the must-have Software Testing methodologies for the Banking sector include:

  • Database Testing
  • Security Testing
  • Functionality Testing
  • Integration Testing
  • Performance Testing
  • Regression Testing
  • Usability Testing
  • User Experience Testing

To learn more about how Software Testing can help banks ensure their Digital Transformation, read on here:


Topics: Press Release