Challenges and Solutions in Testing Banking Applications

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The usage of mobile banking has morphed from being a privilege to a necessity. Banking apps roll out regular updates with a view to provide the most user friendly customer experience. With innumerable banking transactions being processed every day, banking apps need to have high performance levels, providing features that help meet regular banking requirements with ease.

There are a few primary elements that constitute a bug-free Banking application. Here is a checklist of these characteristics.

  • The Application should have the multi-tier functionality to support numerous simultaneous user sessions
  • It should have a large scale integration with numerous other applications such as Bill Pay utility and Trading accounts
  • The application should have the capacity to adhere to Complex Business workflows
  • Banking applications deal with sensitive data and therefore need to have Strong Auditing to troubleshoot customer issues
  • Since the application utility is extensive, it needs a solid reporting section to help keep track of day-to-day transactions

Development and revision of apps with banking needs like checking balance in an account, money transfer, bill payments, etc. requires assured adherence to security procedures. With a dynamic demand and regulatory conformance to security norms, banking app development faces hurdles of different magnitudes, as listed below:

Dynamic device support: On an average, people spend about 85% of their time on mobile applications. Mobile device manufacturers strive hard to introduce improvised features with a view to provide the consumers with a better app experience. On similar lines, banking apps also need to roll out revisions to offer a better user experience with dynamic features on latest devices.

Real-time activity: Mobile banking apps should have the capacity to provide real-time updates to app users. This can be very challenging when it has to deal with service network lag issues.

Security concerns: Monetary transactions are subject to security concerns. With dynamic banking applications making monetary transactions easier, safety and security adherence at a large bandwidth, represents a huge challenge.

Thorough testing and development: Rolling out a banking application that functions with user friendliness and adherence to security regulations, requires comprehensive testing and revision.

Up-to-date with market trends: Along with the changing market trends, requirements of the banking consumers change as well. Banking applications therefore, to keep-up with the market trends, have to revise the application features and usability.

Solutions to these challenges can differ in varying market conditions. There are many companies that exclusively offer banking application testing solutions. Partnering with companies of such capacity can help banks in dynamic application development. These companies offer end-to-end banking app testing solutions with which banks can deploy secure applications with regular revisions. These solutions consist mainly of efficient test automation development and application performance testing. Cost effective test automation services and iterative performance testing are provided to improve the app performance with latest features. Cloud based testing and mobile monitoring helps with testing the application via a sharable local cloud and provide real-time banking updates even during network server down time.