Role of Software Testing Companies in Financial Domain
Neha Malhotra
Building a financial app is a complex task, especially when it comes to adding quality and minimizing the risk of defects and bugs in the product.
Software testing is the standard solution to this problem. Software testing experts know-how to make this complex task easy. Let’s explore the role of software testing companies in the financial domain.
1. Consider Business Requirements of an Application
Testing experts engage and collaborate with management and analysts to understand the requirements of the application.
The requirements of a financial application are based on both business and customer requirements.
To prepare the complete report of requirements, different experts need to collaborate as the application might include different domains. In some cases, the application contains multiple lines of business in a single domain.
2. Adequate Knowledge of the Domain and Application
Before testing the application, it is vital to have adequate knowledge of the domain that is being focused on. For instance, let’s discuss a case scenario.
Suppose the application is related to the banking sector and the stakeholders want to create an application for the customers to apply for a loan without having to visit a physical branch.
Testers should pay attention to the questions discussed ahead...
How does the loan process work?
What functionality or security should be added in the app?
How load or stress should be considered with the user perspective?
When testers have complete knowledge about the functional domain, they can write and execute test cases effectively. So, it is advisable to choose that software testing company that understands the basics of the financial domain.
3. Impact Analysis
It helps in analyzing the result of changes made in the product after deployment.
It includes verifying the parts of the system that might not get affected after the change has been done in the application. Therefore, needs careful regression testing.
QA team analyses the areas which get impacted after fixing the issues. Based on the impact analysis, they consider a few other test cases to analyse the impacted areas of the software.
4. Functional Testing
Functional testing is essential for testing the application as it detects bugs and provides a solution quickly.
When it comes to banking applications, functional testing is different from ordinary testing as it deals with customer’s money and other sensitive financial data.
Therefore, it is advisable to approach QA experts who possess at least some basic knowledge of the financial domain.
5. Security Testing
Security testing is the last stage in the application testing process. A security breach can damage the financial stability of the firm to a great extent.
Therefore, to avoid scams or breach of security, it is essential to address security issues.
In the application testing cycle, this is one of the major phases that ensures the application is built on industry standards, and sensitive data is secured.
Final Words: So, this is how software testing companies can improve the efficiency of a financial application without compromising the time, money, quality, and industry standards.
However, it is only possible if testing processes are strictly followed and implemented by the testing experts.