The banking and financial services sector (BSFI) has been at the forefront of IT and digital transformation adaptation. As a result, it’s no surprise that digital transformation foreshadows future digital efforts and trends such as peer-to-peer transfers, mobile wallets, ping pay, omnichannel banking, and so on. could be a future prospect in the BFSI sector financial technology is constantly evolving, with sophisticated functionalities intertwined in the applications. Payment gateways, cards, delivery channels, and novel services like centralized banking and corporate banking all have extensive functional frameworks. Transactions, performance, and simplicity of access must all be supported in a smooth and secure manner. Its applications are critical to the success of any financial program, which is why finance software testing businesses exist.
Following are a few important and effective use cases QA should follow during financial apps testing:
How to change a password:
A testing team should make sure that the ability to change login credentials is included. To accomplish this, software teams must build a safe method for editing personal data.
How to enable a login with valid credentials:
It is vital to verify that users only use valid credentials to access their accounts. If they fail to submit the correct information, the user should be able to regain access to their account by following a set of steps.
How to send transactions to several users:
Users should only be able to send money if they have enough money in their account, according to testers.
How to block an account after multiple login attempts:
When testing finance software, testers should make sure that an account is locked after many failed login attempts. This is required in order to protect the account. They should, however, provide a means for a user to reinstate their account by supplying correct login information.
Challenges while Testing Financial Apps
Security testing becomes more difficult as devices and networks become more diverse. Software testing should follow all security standards across all platforms, networks, and other systems.
Reduced Time to the Market
Financial service providers/banks are frequently in a rush to acquire new customers with new products. As a result, testing teams are cutting back on their testing time, which may have security implications. It also has an impact on client loyalty and trust.
A Wide Range of Devices
With the introduction of IoT devices, evaluating them has become a major difficulty for testing teams. They guarantee that they will have a set of devices to test on in order for all features to execute as expected.
It’s easy to handle the testing section if you’ve learned the above facts and figures about banking software. It’s crucial to determine whether banks can afford to have apps that aren’t user-friendly, smooth, or safe. When financial software testing is done, it’s critical to make sure that all components of the application are running smoothly and meeting customer expectations.
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Also Read: https://www.guru99.com/software-testing.html