Banking applications require end-to-end testing due to their multi-tiered functionality, large scale integrations, complex workflows, high transaction volumes, and need to ensure data security and integrity. Testing banking applications is important to ensure activities are secure and error-free, applications can handle high loads, financial regulations are followed, and security standards are met. The typical testing workflow for banking applications involves requirement collection, test case preparation, functional testing, integration testing, system testing, database testing, security testing, and user acceptance testing.
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Manual Banking Project
Banking applications require end-to-end testing due to their multi-tiered functionality, large scale integrations, complex workflows, high transaction volumes, and need to ensure data security and integrity. Testing banking applications is important to ensure activities are secure and error-free, applications can handle high loads, financial regulations are followed, and security standards are met. The typical testing workflow for banking applications involves requirement collection, test case preparation, functional testing, integration testing, system testing, database testing, security testing, and user acceptance testing.
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How To Test Banking Applications?
Let’s first understand the characteristics of a Banking Application:
Multi-tier functionality to support thousands of concurrent user sessions. Large-scale Integration: Typically, a banking application integrates with numerous other applications such as Bill Pay utility and Trading Accounts. Complex business workflows Real-Time and Batch processing High Rate of Transactions per second Secure Transactions Robust Reporting section to keep track of day to day transactions. Strong Audit to troubleshoot customer issues. Massive storage system Disaster / Recovery Management The 10 points listed above are the most important characteristics of a banking application. Banking applications have multiple tiers involved in performing an operation.
For example, a Banking application may have:
Web Server to interact with end-users via Browser. Middle Tier to validate the input and output for the webserver. DataBase to store data and procedures. Transaction Processor which could be a large capacity Mainframe or any other Legacy system to carry out Trillions of transactions per second. When we talk about testing banking applications, it requires an End to End Testing methodology involving multiple Software Testing techniques to ensure: Total coverage of all banking workflows and Business Requirements. The functional aspect of the application The security aspect of the application Data Integrity Concurrency User Experience What makes banking applications so complex? Banking software mainly deals with confidential financial data so that the performance of software should be error-free and secure. Developers prefer a complicated design to develop these applications to ensure that the application runs in a desired secure manner. Banking is a constantly changing world. Banking, today, is made available to the customer using different channels like brick & mortar branches, ATMs, online banking and customer care. With the advent of technology, many wallets have flooded the markets which connect to the banking systems for financial transactions. Banking is also expected to be up and running 24 X 7 with high performance. Software upgrades, instant fixes, etc. cannot be allowed to impact this availability. The banking world is also highly impacted by the constant changes brought in by the government in the form of banking regulations. Any changes to the tax structure will impact the banking system as well. The banking system also needs to be up-to-date as far as new technologies are concerned. Data analytics like Big Data Processing and getting instincts out of big data using Data Science is growing traction in the banking world. The above mentioned points make the banking system complex for developers to create a software application around it.
Importance Of Testing Banking Application
Testing the Banking application assures that all the activities are not only executed well but also remain protected and secured. Banking software is complicated with thousands of dependencies, and the testing process requires more time, resources, and continuous monitoring. As finances are involved here guidelines have to be followed strictly. Both testers and developers should have good domain knowledge. Most importantly, it has to be ensured that the laws and regulations are enforced correctly in financial transactions. This can only be ensured with testing. It’s also important to ensure that the application and the infrastructure on which the application has been deployed is able to handle the load, especially during peak business hours, without causing any disruption. This can be ensured by performing performance testing. In today’s digital world, the one thing that concerns everyone is that of security. The banking applications and the financial transactions that are performed within it needs to be secure from any attempt to break-in. This can be ensured by performing security testing. Security testing helps to enforce industry standards to secure financial transactions. It’s also important to ensure that different modules of a banking application are integrated properly and the objective of the client is achieved. System Integration Testing helps to achieve this task.
Banking App Testing Workflow
The typical stages involved in testing Banking Applications are shown in the below workflow. We will be discussing each stage individually. This is the Waterfall model for testing an application.