With the progress of the financial industry and information technology, the growth of commercial banks’ development is immediately dependent on the core banking systems. As the demands of the clients increase, the core banking software has become more complex, Meanwhile, the core banking testing has been to the joint between banking information system and banking […]
With the progress of the financial industry and information technology, the growth of commercial banks’ development is immediately dependent on the core banking systems. As the demands of the clients increase, the core banking software has become more complex, Meanwhile, the core banking testing has been to the joint between banking information system and banking business. The testing process is extremely important, and it is performed in many phases and strategies. In this article, you will find everything you want to know about core banking testing.
The core banking system is the software used by commercial banks and financial institutions to support a bank’s most common transactions. It provides administration of clients, accounts, loans, credits, deposits, accounting, and payments.
Gartner defines a core banking system as a back-end system that processes daily banking transactions and posts updates to accounts and other financial records.
Core banking technology authorizes a bank to centralize its record-keeping and allows clients to access their information and stay connected with the bank because this system is designed to operate 24/7.
Before the 1970s, it used to take at least a day for any transaction in your account. The improvements in software reduced human resource needs at the banks and increased efficiency and reliability. Banks make these services available across multiple channels like automated teller machines, Internet banking, mobile banking, and branches. A core banking system is a software used to support a bank’s most common transactions as follows:
Assuring the quality of core banking systems is integral to the reputation and existence of banks systems. The complexities of these systems make financial software testing an absolutely necessary need. So, all core banking services have to go through strict, continuous testing to achieve high-quality performance and to evaluate the progress of work in all aspects.
The primary goal of testing core banking is to make sure that all the activities and functionalities of a banking software run smoothly without errors and it remains secure and safe. This can be achieved by many phases and techniques that are explained below.
The following points show the importance of implementing software testing for core banking systems:
For core banking testing, there are different technical steps that must be performed carefully and accurately:
TestCrew is keen to implement quality tests regularly as well as provide international standards software-testing training. TestCrew also provides all technical, functional, and non-functional software quality test services related to user experience, which ensure the security and protection of end products from vulnerabilities and the risks of penetration, as per the standards of ISTQB and Test Maturity Model Integration Professional certification (TMMi).
In addition to that, TestCrew also offers software quality consulting services, you can also know more about what we do by visiting the various communication channels mentioned on our page, LinkedIn, email, or through our unified number.