Banking applications are one of the toughest applications to work on in today's Development and software industries. One of the reasons for being it difficult is because it involves money so we can't afford any mistakes in the testing of it. Eachand every person wants to be secure about their money and so they put them in banks and hence banking application should be perfect.
Now what should we do and how should we approach this is one of the questions which will be answered in this article. We will also see different stages andtechniques to test this type of application.
Banking Domain Testing
Banking Domain Testing is a software testing procedure for the functionality, performance, and security of a banking application. The major goal of banking application testing is to guarantee that all of a banking software's actions and features work properly with no problems and that it is secure.
The banking, financial services, and insurance (BFSI) industry consume the most IT services. Banking applications deal directly with sensitive financial information. All of the tasks carried out by banking software must execute smoothly and withouterrors.
Characteristics of banking application
Thousands of concurrent user sessions can be supported with multi-tier functionality.
Large-scale Integration − A banking application is typically unified with diverse other programs, such as the Bill Pay utility and Trading Accounts.
Workflows in the business that is complicated
Bulk and real-time processing
Transactions per second at a high pace
Transactions that are safe
To keep track of day-to-day transactions, there is a powerful ai feature.
To troubleshoot client difficulties, you'll need a lot of auditing.
Massive storage facility
Management of disasters and recovery.
In testing, what is a domain?
The industry for which the software testing project is established is referred to as the domain in testing. This word is frequently used while discussing software projects or development. Insurance domains, for example, Banking domains, Retail domains, Telecom domains, and so on.
Typically, domain expert assistance is requested when building any specialized domain project. Domain experts are experts in their field, and they may know everything there is to know about a product or application.
Why Domain knowledge is important?
Domain knowledge matters because it has its own benefits like
It reduces training time
It helps in quick defect tracking
It gives good ideas on UI features and back end processing
It gives a good hold over business process, workflow, and rule
It helps to easily understand technical terminologies
The banking area has a large number of concepts, which are divided into two categories.
- Traditional banking sector
- Service based banking sector
The services provided by these two banking sub-sectors are listed in the table below.
|Traditional banking sector|
|Service based banking sector|
Performing an operation in a banking application involves numerous levels.
A banking application, for example, might include −
End-users connect with a web server via a browser.
The webserver's input and output are validated by the middle tier.
Data and procedures are stored in a database.
Transaction Processor, which might be a high-capacity mainframe or any other legacy system capable of processing trillions of transactions per second.
When it comes to testing banking systems, an End to End Testing methodology comprising different Software Testing techniques is required to assure the following −
All financial operations and business requirements are covered completely.
The application's functional aspect
The application's level of security(Video) Banking domain knowledge for software tester and software developer
Integrity of Data
- User Experience
Testing Banking Applications: Test Phases
Various stages of testing are involved in banking application testing.
Requirement Analysis − Business analysts perform requirement analysis, which involves gathering and documenting the needs for a specific banking application.
Requirement Review − This task involves quality analysts, business analysts, and development leads. At this point, the requirement collection document is evaluated and cross-checked to verify that it does not interfere with the workflow.
Business Requirements Documentation − Quality analysts create business requirements documents that encompass all of the examined business requirements
Data integrity, data loading, data migration, stored procedures and functions validation, rules testing, and so on are all covered by this testing.
Integration Testing − During Integration Testing, all developed components are combined and validated.
Functional Testing − During this phase, the typical software testing tasks such as Test Case preparation, Test Case review, and Test Case execution are carried out.
Usability Testing − Usability testing guarantees that people with varied abilities can use the system in the same way that everyone else can. For example, a disabled person can use an ATM that has a hearing and Braille facility.
User Acceptance Testing − User Acceptance Testing (UAT) is the final stage of testing performed by end-users to check that the application is compliant with real-world scenarios.
Security testing assures that the program is free of vulnerabilities. In order to break into the system and report it before any unauthorized individual accesses it, the QA team must include both negative and positive test scenarios during test preparation. The bank should also install a multi-layer of access validation, such as a one-time password, to avoid hacking. Automation tools such as IBM AppScan and HPWebInspect are utilized for security testing, while manual testing tools such as Proxy Sniffer, Paros proxy, and HTTP Sniffer are utilized.
What makes banking software so complicated?
A banking application deals with sensitive financial data, thus its performance must not contain any error and be highly secure.
Developers choose a complex architecture for these applications in order to ensure that they run in a desired secure manner.
Banking is an ever-changing industry. Customers can now access banking through a variety of channels, including physical branches, ATMs, online banking, and customer service.
With the advancement of technology, a plethora of wallets that connect to banking systems for financial transactions has saturated the market.
Banking is also intended to be available 24 hours a day, seven days a week, with high performance. This availability cannot be impacted by software upgrades, hot patches, or other issues.
The banking industry is also heavily influenced by the government's ongoing adjustments in the form of banking legislation. Any changes to the tax code have an impact on the financial system.(Video) test cases for Investment banking domain| How To Write Test Cases manual testing| software testing
In terms of modern technologies, the banking system must be up to date. In the banking business, data analytics like Huge Data Processing and extracting intuition from big data using Data Science is gaining steam.
The Importance of Banking Application Testing
Testing the Banking application ensures that all operations are not only carried out correctly but are also safe and secure.
With thousands of dependencies, the banking software is complex, and testing takes more time, resources, and constant monitoring.
Because money is involved, certain procedures must be observed. Both testers and developers should be well-versed in the domain.
Most significantly, it must be verified that the laws and regulations governing financial transactions are correctly applied. Testing is the only way to assure this.
It's also crucial to make sure that different modules of a banking application are correctly connected and that the client's goal is met. System Integration Testing aids in the completion of this activity.
It's also crucial to make sure that the program, as well as the infrastructure on which it's run, can handle the demand without causing any downtime, especially during peak business hours. Performance testing can be used to assure this.
The one thing that everyone in today's digital world is concerned about is security. Any attempt to break into the banking applications and the financial transactions that take place within them must be secure. This can be ensured through the use of security testing. Security testing aids in the enforcement of industry standards for the protection of financial transactions.
Banking Application Sample Test Cases
New Branch Test Cases
Make a new branch and fill it with both valid and invalid test data.
Make a fresh branch with no data.
Make a new branch with the data from an existing branch.
Check the options for reset and cancel.
Valid and invalid test data should be added to the branch details.
Using existing branch test data, update branch details.
Check whether or not the new branch can be saved.
Check to see if the cancel option is active.
Check the deletion of the branch with and without dependencies.(Video) Banking Application Testing | Banking Domain Application Testing | BFSI TESTING
Check to see if the branch search option is active.
Case Studies for a New Role
Make a new role and fill it with both valid and invalid test data.
Make a new role that has no data.
Confirm that a new role can be created using test data that already exists.
Check the role definitions and types.
Check to see if the cancel and reset button's function.
Check the role deletion procedure, both with and without dependencies.
Check the links on the role information page.
Check the admin login without using any test data.
For the admin role, double-check all home links.
Check that the administrator can change the password using both valid and invalid test data.
Verify that the administrator has successfully logged out.
Customer and Banker test cases
Check that all visitor and customer linkages are operational.
Valid and invalid test data should be used to verify the customer's login.
Verify the customer's login without providing any information.
Check the banker login without entering any information.
Valid or incorrect test data should be used to verify the banker's login.(Video) how to write the test cases for bank application | testingshala | testcase | bank functionality
Check to see if the client or banker was able to log out successfully.
How do you explain banking domain project software testing? ›
Banking Domain Testing is a software testing procedure for the functionality, performance, and security of a banking application. The major goal of banking application testing is to guarantee that all of a banking software's actions and features work properly with no problems and that it is secure.Do test banks include answers? ›
The test banks offer a diverse selection of questions and can include feedback on a specific answer given directly by students, often accompanied with exact page references to the textbook.What are the types of Domain Testing? ›
- Intuitive equivalence.
- Specified equivalence.
- Subjective equivalence.
- Risk-based equivalence:
Database Testing: It is the most important part of bank application testing. This testing is done to ensure data integrity, data loading, data migration, stored procedures, and functions validation, rules testing, etc.Which level of testing checks whether the completed application meets the customer's requirement? ›
Acceptance testing is done to verify if the product meets customer requirement. System testing includes functional & non- functional testing and is performed by the testers. Acceptance testing is functional testing and is performed by testers as well as a customer.How do you test a finance domain? ›
- Security Testing. The biggest threats to finance domain projects are cyber-attacks and fraudulent activities on software applications involving financial transactions. ...
- Performance Testing. ...
- White Box Testing. ...
- Mobile Testing. ...
- Usability Testing.
A banking domain is comprised of all the components needed to run a financial service end-to-end. It covers the transaction and distribution process; the ways in which customers interact with the system, products, and services the organization offers; and the technology involved.What is Domain Testing with example? ›
Domain testing is an important software testing technique in domain testing, we divide a domain into subdomains and then test using values from each subdomain. For example, if a website has been given for testing, we will be dividing the website into small parts (subdomains) for ease of testing.How do you write a test case for a bank transaction? ›
Test Steps for Bank Transaction
Add the beneficiary to whom you want to transfer money. Check the details of bank account and person. Verify if they are correct. Select the specific money transfer method from NEFT/RTGS or SWIFT transfer options.
- Be on time. Punctuality is a highly regarded trait. Make sure that you are at the venue at least half an hour before the start of the interview. ...
- Carry a copy of your resume and all the documents that bank may have asked you to carry.
- Relax and just be yourself.
What type of questions are asked in bank exam? ›
Written tests in bank exams generally ask questions to test the General Aptitude of the candidates. In Prelims, 100 questions are asked from three different sections – Quantitative Aptitude (35 Questions), Reasoning Ability (35 Questions), English Language (30).What are domain based questions? ›
Such tests include questions that accurately assess a candidate's ability to succeed in a particular role or position. Accounting and finance domain tests are pre-employment assessments to gauge a candidate's ability to interpret, process and convey financial information.Can you get caught using a test bank? ›
This means students can be found guilty of academic dishonesty for using test banks, even if the questions come from exams that a professor voluntarily handed back or did not collect.Is it easy to pass bank exam? ›
Why Candidates Fail To Qualify IBPS Bank Exam.
|Bank Exams Related Links|
|IBPS Clerk||RBI Admit Card|
|RBI Grade B||IBPS SO|
They use a risk-based examination approach to assess a bank's condition and identify potential problems. Assignments cover all areas of banking, including loans, interest rate risk, capital, liquidity, consumer protection programs, and compliance with banking laws and regulations.What are the 4 types of domain? ›
- Generic Top-Level Domains (gTLD)
- Country Code Top-Level Domains (ccTLD)
- Internationalized Country Code Top-Level Domains (IDN ccTLD)
- .com: shorthand for commercial, .com was the first top-level domain in common use. ...
- net: shorthand for network, . ...
- edu: shorthand for education, . ...
- org: shorthand for organization, . ...
- mil: shorthand for military, . ...
- gov: shorthand for government, .
The three key areas stress tests focus on the most are credit risk, market risk, and liquidity risk.What is core banking testing? ›
The core banking testing process for financial systems ensures that all banking transactions are executed correctly and accurately as well as remain safe and secure. The testing process needs more time, resources, and continuous monitoring.What do banks use for check processing? ›
Electronic checks are processed via the ACH (Automated Clearing House) network, which is a central piece of digital payment infrastructure for US financial institutions.
What are domain skills in banking? ›
Banking Domain Knowledge
A banking domain is comprised of all the components needed to run a financial service end-to-end. It covers the transaction and distribution process; the ways in which customers interact with the system, products, and services the organization offers; and the technology involved.
Bank teller assessment tests assess the mathematical abilities of potential candidates. The mathematical abilities tested are those that are relevant to the position – mostly for making transactions. Questions usually include addition and subtraction, multiplication and division, percentages, and averages.What is the functionality of banking domain? ›
The banking Domain refers to all the segments or components needed to provide financial services to customers. It includes everything a Bank needs to complete its definition like transaction, customer interaction, bank interaction, and much more.How can I improve my domain skills? ›
- Research industry topics. ...
- Take relevant courses. ...
- Interview industry experts. ...
- Network with industry professionals. ...
- Understand the industry terminology. ...
- Learn about business and operational dynamics. ...
- Get informed about industry challenges, risks and opportunities.
Domain skills aka Hard skills are all about having specific knowledge and training on a particular topic or profession of your interest. Soft skills are more relatable to traits like leadership, communications, time management, and other overarching skill that can be put to use in any profession.What should I fill in domain expertise? ›
2.1 Domain Expertise
One of the critical prerequisites for data mining is something called “domain expertise.” Generally defined, domain expertise implies knowledge and understanding of the essential aspects of a specific field of inquiry. In other words, you need to know your stuff.
Domain assessment meaning: It is a test aimed at assessing individuals' skills in specific domains. Such a test helps employers to either test job applicants or reskill employees in technical roles. The test comes in handy when recruiters aim to recruit individuals based on their domain expertise.How do you test if your domain is working? ›
To confirm your domain is active and DNS settings are correct, access your domain name in a web browser as you would any other website. If you see “Your Account has been created” message, your domain is pointed to our servers and is ready for use.Is banking and finance domain same? ›
Banking and finance are two different matters of subject, but both terms collectively refer to the services and activities by banking and non-banking financial institutions.How to pass bank test? ›
- Plan Properly with Bank Exam Pattern and Syllabus. ...
- Create a Personal Study Plan. ...
- Attempt Sectional & Full Length Mock Tests. ...
- Utilize Online Study Resources for Self-Learning. ...
- Attempt Previous Year Papers and Practice Sets. ...
- Develop Your Own Strategy.
How do you pass an assessment test? ›
- Answer honestly. Personality tests often include questions that ask for answers on a scale. ...
- Avoid too many of the same answers. ...
- Study the job description. ...
- Consider taking a practice test. ...
- Take your time. ...
- Expect questions about your honesty and integrity.
- Prepare well. Make sure you get a good night's sleep before the assessment, know where you have to be and what to expect. ...
- Know what an assessment entails. Make sure you know what components to expect and what you will be asked to do for each different components of the assessment.
- Practice IQ tests.
Issuing letters of credit, traveller's cheque, etc. Undertaking safe custody of valuables, important documents, and securities by providing safe deposit vaults or lockers. Standing guarantee on behalf of its customers, etc.What are the 7 functions of banks? ›
- Acceptance of deposits from the public.
- Provide demand withdrawal facility.
- Lending facility.
- Transfer of funds.
- Issue of drafts.
- Provide customers with locker facilities.
- Dealing with foreign exchange.