Banking Domain Application Testing – Guide | Inoxoft (2023)

Banking, Financial Services Sector

Banking Domain Application Testing – Guide | Inoxoft (1)

Banking, Financial Services (BFS) is one of the largest sectors providing financial operations. With the continuous trend of digitization that covered every industry, the BFS sector also shifted towards digital banking. According to American Banker, in early 2020, when the pandemics started globally, there was:

  • a 200% increase in mobile bank registrations (March and April)
  • an 85% increase in mobile traffic (March and April
  • a 46% increase in mobile banking channels usage by baby boomers
  • a 37% more frequent use of mobile phones by customers

An analyst at Wells Fargo Securities, Mike Mayo, has given his opinion on the global shift towards a more digital future and the demand for mobile banking. He said,

What we’re seeing is the greatest acceleration of digital banking in history. What’s taken place over the last few months may have taken place over 2 to 10 years if the pandemic had not come along. That’s because habits are breaking.

Today, the global online banking market size is projected to reach $31.81 billion by 2027, growing at a CAGR of 13.6% from 2020 to 2027. The delivery of financial services is being more and more adjusted to web and mobile applications. Banking software is considered to be one of the most important with regards to its functionality, performance, user experience, usability, and security.

Hence, every banking application has to be flawless for end-users as it processes tons of confidential financial data. To ensure the app is seamless and works smoothly, there is a need for thorough banking application testing. Thus, what is banking domain application testing? What test cases for banking application in software testing are applicable and highly important for BFS?

What do We Know about App Testing?

Banking Domain Application Testing – Guide | Inoxoft (2)

Software testing is the process of finding defects in a software application and reporting these defects to the software engineers for further fixing. The more flaws quality assurance engineers can find, the more chances are that the final product will work smoothly. If the application you use has no bugs it means that the quality assurance team did their best job to enhance your user experience.

(Video) How to explain Banking Domain Project Software Testing

The process of testing is very important and is conducted in one of the software development lifecycle (SDLC) phases. Also, it is the most crucial stage. In the financial industry, banking app testing is an obligatory part of the process taking into account the data banks work with and the level of responsibility.

The primary focus of financial software testing is to understand what is the application like: is it a fully functional program? Or a supplement to an app? Or some other payment system/feature that has to be integrated into the banking application? Every banking app (or the integrated payment system) has its unique characteristics. Thus, it may include but is not limited to:

  • Complex business workflows
  • Multi-tier functionality to process numerous concurrent sessions
  • Real-time processing
  • High rate of transactions per second
  • Batch processing
  • Secure transactions
  • Massive storage system
  • Tracking and reporting section/a>
  • Tracking and reporting section
  • Recovery management
  • Large-scale integration with multiple banking applications

Having a complete understanding of the object to be tested, the quality assurance engineer figures out what are the requirements, and what types of testing to initiate. For instance, there is a general structure of mobile banking applications testing. These may vary according to the company provider, requirements of the client and the very app to be tested:

  • Requirement Analysis. This stage is the primary and consists of requirements gathering and evaluations.
  • Requirement Review. The stage presupposes a second look at the requirements by both sides (the client and the service provider) and their preparation to be documented.
  • Business Requirements Documentation. This is the written document with all the quality assurance testing requirements that are to be adhered to within the whole process of testing. As this document is agreed upon by the two parties, its altering is impossible unless there is a solid reason.
  • Database Testing. This is a layered process of testing. It has the user interface (UI) layer (interface design of the database), the business layer (database supporting business strategies), the data access layer, and the database itself.
  • Integration Testing. This type of testing requires individual software modules to be combined and tested as a group. Thus, the testing aims at evaluating the compliance of a system or component with the app’s functional requirements.
  • Functional Testing. The test cases of functional testing ground on the specifications of the software component under test. Functions are tested by making input and examining the output. The test cases of financial apps at Inoxoft are conducted with the help of fake cards. These cards (fake input) aim at understanding the quality, speed, and accuracy of payments (output) that are recorded in the banking app history, but no payments are deducted from the card.
  • Security Testing. One of the most crucial mobile banking app testings belongs to security compliance issues. Security flaws in the financial sector can cause damage to any stakeholder involved. What are the security protocols each banking app should adhere to?

The first and the most important is The General Data Protection Regulation (EU) 2016/679 (GDPR). This regulation functions in the EU and addresses the issue of personal data transfer outside the EU giving individuals control over their personal data and simplifying the regulatory environment for international business by unifying the regulation within the EU.

The second is the Federal Financial Institutions Examination Council (FFIEC), according to which five banking regulators are “empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions.”

The third security policy is the ISO/IEC 27001, which provides requirements for any information security management system, e.g. the banking application. Using this regulation allows organizations to manage the security of financial information, intellectual property, employee details, or information entrusted by third parties.

The fourth regulation is the International Standard on Assurance Engagements 3402 (ISAE 3402). It is an international assurance standard that assures customers and service users of any organization customers will receive adequate internal controls.

The fifth standard is The EU-U.S. and Swiss-U.S. Privacy Shield Frameworks provide companies with a standard to comply with data protection requirements when transferring personal data from the European Union and Switzerland to the United States.

(Video) Banking domain knowledge for software tester and software developer

The sixth is the Transport Layer Security (TLS) protocol, designed to provide communications security over a computer network, especially in written and voice messaging. Client-server applications use this protocol to communicate across a network in a way designed to prevent eavesdropping and tampering.

Of course, these are only a part of the existing protocols mentioned but nonetheless important in banking app development and further testing. What concerns the banking app security testing phase, it includes testing of integrations with other apps, unsecured communications, security breaches that allow malware to be installed, utilization (and integration) of different authentication procedures, and testing hidden parts of the application.

  • Usability Testing. It is a type of testing used to evaluate an application by testing it on users, giving direct input on how real tech-savvy users use the system.
  • Acceptance Testing. A test case belonging to this type of testing determines if the requirements of a business requirements documentation are met. It involves performance testing.

Performance Testing

Performance testing is the process of checking the complete banking app (and not only banking) for possible flaws in the way it works by giving it a certain workload. Thus, the main focus of this testing is to find out the speed, scalability, and stability of the system.

Hence the speed is measured to understand the velocity of app responses, scalability measurement shows the maximum number of users that can use the application at once and it will not crash. And, stability shows whether the app works as a clock under different loads or there are possible defects. Performance testing includes:

1. Load testing

2. Stress testing

3. Scalability testing

4. Endurance testing

(Video) Banking Domain | Banking Awareness | What is Bank - useful for Testers Developers Business Analyst

5. Spike testing

6. Volume testing

These testing types together with test cases for banking applications aim at finding problems and flaws in an app. After extensive testing procedures, the following problems might be found:

  • Poor time of response
  • Poor scalability
  • Bottlenecks (CPU-utilization, memory utilization, network utilization, operating system limitations, disk usage)

Our Expertise

At Inoxoft, the workflow of the testing process looks as follows. It includes test planning, test design, test evaluation, and test execution.

Banking Domain Application Testing – Guide | Inoxoft (3)

Test planning

The stage of test planning includes developing test guidelines for a project with the input artifacts such as Test Guidelines (Organizational level) and Case Development, and the forecasted output artifact should be the revised Test Guidelines.

Also, the purpose of test planning is to set the focus of the test effort for each iteration together with stakeholders’ agreement on the defined goals that will drive the test effort. The input artifacts are Iteration Planning, Software Development Planning, Use-Case Model, Design Model, and Deployment Model. Based on the input, the output artifact should be a complete Test Plan.

Test design

The purpose of the test design stage is to figure out a set of verifiable Test Cases (for each build) and test procedures showcasing the realization of these Test Cases. The input artifacts should include Test Plan, Use Cases, Supplementary Specifications, Test Guideline, Iteration Plan, Software Architecture Document, and Design Guidelines. Thus the output artifacts are the complete Test Cases.

(Video) test cases for Investment banking domain| How To Write Test Cases manual testing| software testing

Test execution and evaluation

The purpose of test execution is to obtain test results. The results have to be verified and defects logged as necessary to be altered. So, the artifact input encompasses both Test Build and Test Scripts. The output artifact will be the Test Results.

Evaluating tests presupposes test result assessment, making log changes on requests, and calculation and delivery of key measures to produce the Test Evaluation Summary. Thus, the input artifacts are the Test Results and the output – Test Evaluation Summary and Test Log.

After these 4 stages, there is a possibility the software will include defects. Hence, there also is the fifth stage, where these defects are managed.

Defect management

The stage is designed to resolve and measure defects or incidents found in the software product. This way, these defects have to be identified and reported. So, the input artifact of Test Results should generate the Software Defect output artifact that is further submitted and fixed by software engineers.

Banking Domain Application Testing – Guide | Inoxoft (4)

Inoxoft provides web application and mobile application testing services as it is an automation testing company. Mobile development is changeable and Inoxoft tries to follow all the trends and updates of software development and testing. Our team of QA experts offers to conduct accurate testing, monitoring, code, and design solution controlling to ensure the best quality of your app.

Also, Inoxoft provides QA testing of different size web applications. To do this, we utilize test automation services with the latest tool upgrades at your service. We provide QA automation services to deliver applications that meet market challenges, are fast, user-friendly, and scalable. If you need fintech industry app testing and one of the best customer-oriented services or detailed answers on your QA-based questions – contact us, let’s talk!


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.

What are the types of Domain Testing? ›

Domain - Equivalence Class Testing
  • Intuitive equivalence.
  • Specified equivalence.
  • Subjective equivalence.
  • Risk-based equivalence:

What are the different types of testing domains? ›

Few of the projects in which Domain knowledge plays a vital role are:
  • BFS (Banking & Financial Sector)
  • Healthcare Software Domain.
  • e-Commerce Domain.
  • ERP Domain.
  • Mobile Application Testing Domain.
  • Insurance Sector Domain.
  • Retail, Travel & Hospitality sector.

How do you explain a bank domain? ›

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.

How do you test a finance domain? ›

Primary Tests for Financial Domains
  1. Security Testing. The biggest threats to finance domain projects are cyber-attacks and fraudulent activities on software applications involving financial transactions. ...
  2. Performance Testing. ...
  3. White Box Testing. ...
  4. Mobile Testing. ...
  5. Usability Testing.
Jun 25, 2020

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.

What is BFSI domain knowledge? ›

BFSI stands for the Banking, Financial Services, and Insurance sector. Fundamentally, it represents a major portion of the multi-billion dollar Indian economy comprising all Banking, Insurance, and Non-Banking Financial Institutions. The latter is known as the NBFCs.

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.

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 are the most common competency based interview questions? ›

Competency-based interview questions
  • Describe a situation in which you led a team.
  • Give an example of a time you handled conflict in the workplace.
  • How do you maintain good working relationships with your colleagues?
  • Tell me about a big decision you've made recently. ...
  • What has been your biggest achievement to date?

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.

What are basic interview questions of testing? ›

Basic Interview Questions
  • What do you understand by software testing? ...
  • When should you stop the testing process? ...
  • What do verification and validation mean in software testing? ...
  • What is static testing? ...
  • Define Black-box testing. ...
  • What is a test plan and what does it include? ...
  • What is meant by test coverage?

What are the 4 types of domain? ›

Types of Domain
  • Generic Top-Level Domains (gTLD)
  • Country Code Top-Level Domains (ccTLD)
  • Internationalized Country Code Top-Level Domains (IDN ccTLD)
  • Subdomain.
Jul 19, 2022

What are the 7 types of domain? ›

Different types of domain names
  • .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, .

What are the four 4 basic testing methods? ›

There are four main stages of testing that need to be completed before a program can be cleared for use: unit testing, integration testing, system testing, and acceptance testing.

What are the 5 testing methods? ›

There are many different types of testing, but for this article we will stick to the core five components of testing:
  • 1) Unit Tests. ...
  • 2) Integration/System Tests. ...
  • 3) Functional Tests. ...
  • 4) Regression Tests. ...
  • 5) Acceptance Tests.
Jun 6, 2017

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.

What is domain analysis technique? ›

Domain analysis technique

The approach to domain analysis is that you, or the system, review the column's distinct data values to mark any data value considered to be “invalid”. The system has multiple types of domain analysis (for example, techniques) that can be used to perform the function.

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.

What is an example of an application domain? ›

Application domains include banks, insurance companies, or hospitals. In this book, equipment management for a small software company is our main example. Internet applications have become increasingly important, especially for the home and entertainment domains.

What are three examples of domain names? ›

  • or or Any domain name not ending with ""
Mar 25, 2022

What is a domain names give at least 5 examples? ›

Domain Name Types
  • .com – commercial business (the most common TLD)
  • org – organizations (typically, nonprofit)
  • gov – government agencies.
  • edu – educational institutions.
  • net – network organizations.
  • mil – military.

What are technical skills in BFSI? ›

Top 5 tech skills for professionals working in the BFSI sector
  • Data Analytics. The exponential growth of data volumes and analytical complexity has led to the increasing adoption of in-database analytical tools. ...
  • Artificial Intelligence (AI) & Machine Learning (ML) ...
  • Cloud Computing. ...
  • Cybersecurity. ...
  • Blockchain.

How can I improve my finance domain knowledge? ›

You can use the following suggestions to improve your domain knowledge and become a more competitive candidate:
  1. Research industry topics. ...
  2. Take relevant courses. ...
  3. Interview industry experts. ...
  4. Network with industry professionals. ...
  5. Understand the industry terminology. ...
  6. Learn about business and operational dynamics.
Jul 3, 2022

How do you explain investment banking domain project? ›

Introduction to Investment Banking Domain:

The main role of the Investment Bank is to act as a mediator between the companies (who are interested in selling their securities/shares) and the individuals (who are willing to purchase the same). Investment bank operates in two ways – 'buy side' and 'sell side'.

How do you write a good test case example? ›

Best Practices for Writing Test Cases

Prioritize clarity and transparency. Be clear, concise, and assertive in describing what the tester needs to do and what results they should ideally get. Focus on End-User requirements when writing sample test cases. Map test cases to reflect every aspect of the user journey.

What core systems do banks use? ›

Top 6 Core Banking Software
  • Finacle.
  • Mercury.
  • Temenos T24 Transact.
  • Flinks.
  • TurnKey Lender.
  • Episys.
Jan 1, 2023

What is a bank aptitude test? ›

Typically, you will be tested on numerical reasoning, situational judgement, abstract reasoning, verbal reasoning and your personality type. Results of these tests give an indication of how you might perform as an employee in a banking company.

What is big bank testing? ›

Big bang integration testing is a testing methodology in which all components or modules of a system are combined and tested as a whole. It is often used when it is not practical to test all components together incrementally.

What are the 5 hardest interview questions and answers? ›

The most difficult interview questions (and answers)
  • What is your greatest weakness?
  • Why should we hire you?
  • What's something that you didn't like about your last job?
  • Why do you want this job?
  • How do you deal with conflict with a co-worker?
  • Here's an answer for you.

What is the STAR method when interviewing? ›

The STAR method is a structured manner of responding to a behavioral-based interview question by discussing the specific situation, task, action, and result of the situation you are describing.

Which top 3 competencies make you a good candidate? ›

Career Center
  • Leadership. Even in entry-level positions, most employers look for evidence of leadership qualities. ...
  • Teamwork. ...
  • Communication and Interpersonal Skills. ...
  • Analytical Skills. ...
  • Dependability and a Strong Work Ethic. ...
  • Maturity and a Professional Attitude. ...
  • Adaptability and Flexibility. ...
  • Good Personality.

What is domain aptitude test? ›

What is domain knowledge assessment? Domain assessment tests are vital tools used in recruitment for hiring skilled professionals with expertise in select domains. Domain tests are also used as part of training and development programs that aim to re-skill the workforce.

What are the three main types of testing? ›

The different types of tests
  • Unit tests. Unit tests are very low level and close to the source of an application. ...
  • Integration tests. ...
  • Functional tests. ...
  • End-to-end tests. ...
  • Acceptance testing. ...
  • Performance testing. ...
  • Smoke testing.

What are 3 commonly asked interview questions? ›

Common interview questions
  • Tell me about yourself.
  • Why are you interested in working for this company?
  • Tell me about your education.
  • Why have you chosen this particular field?
  • Describe your best/worst boss.
  • In a job, what interests you most/least?
  • What is your major weakness?

What are 10 commonly asked interview questions? ›

50+ most common job interview questions
  • Tell me about yourself.
  • Walk me through your resume.
  • How did you hear about this position?
  • Why do you want to work at this company?
  • Why do you want this job?
  • Why should we hire you?
  • What can you bring to the company?
  • What are your greatest strengths?
Jan 4, 2023

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.

What is a bank assessment test? ›

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.

What are primary domain skills? ›

Domain skills refer to skills and abilities which are unique to a particular industry. For instance, if you work as an automobile designer to create the exterior aesthetics of a vehicle, your domain skills may differ significantly from another automobile expert working on improving engine safety.

How can I improve my domain skills? ›

How To Improve Domain Knowledge
  1. Research industry topics. ...
  2. Take relevant courses. ...
  3. Interview industry experts. ...
  4. Network with industry professionals. ...
  5. Understand the industry terminology. ...
  6. Learn about business and operational dynamics. ...
  7. Get informed about industry challenges, risks and opportunities.
Jul 3, 2022

What are domain general skills? ›

a cognitive ability, such as general intelligence or speed of information processing, that influences performance over a wide range of situations and tasks.

What is domain Assessment test? ›

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 to pass bank test? ›

Top 10 Expert Tips for Bank Exam Preparation
  1. Plan Properly with Bank Exam Pattern and Syllabus. ...
  2. Create a Personal Study Plan. ...
  3. Attempt Sectional & Full Length Mock Tests. ...
  4. Utilize Online Study Resources for Self-Learning. ...
  5. Attempt Previous Year Papers and Practice Sets. ...
  6. Develop Your Own Strategy.
Jan 19, 2023

How do you pass an assessment test? ›

Here are a few tips to make it go easier:
  1. Answer honestly. Personality tests often include questions that ask for answers on a scale. ...
  2. Avoid too many of the same answers. ...
  3. Study the job description. ...
  4. Consider taking a practice test. ...
  5. Take your time. ...
  6. Expect questions about your honesty and integrity.
Jan 29, 2021

How do I prepare for an assessment test? ›

Assessment tips
  1. Prepare well. Make sure you get a good night's sleep before the assessment, know where you have to be and what to expect. ...
  2. 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.
  3. Practice IQ tests.

What are the 7 functions of banks? ›

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.

What are 3 key functions of the banking system? ›

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.


1. Banking Domain :Project Explanation / Testing Interview questions
(TestingInterview Questions)
2. FUNDAMENTALS OF BANKING DOMAIN (Register to get notified)
3. Fundamentals of Banking Domain | Software Developers, Software Testers, and Business Analysts |
(G C Reddy Software Testing)
4. How to explain Payment Gateway Project for Banking domain
(TestingInterview Questions)
5. Web application testing and banking Application testing | Test cases for Banking Domain
(Himansu Satapathy)
6. Domain Training Tutorials (Orientation part 01) ( Banking and Financial Services)


Top Articles
Latest Posts
Article information

Author: Laurine Ryan

Last Updated: 07/23/2023

Views: 6248

Rating: 4.7 / 5 (77 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Laurine Ryan

Birthday: 1994-12-23

Address: Suite 751 871 Lissette Throughway, West Kittie, NH 41603

Phone: +2366831109631

Job: Sales Producer

Hobby: Creative writing, Motor sports, Do it yourself, Skateboarding, Coffee roasting, Calligraphy, Stand-up comedy

Introduction: My name is Laurine Ryan, I am a adorable, fair, graceful, spotless, gorgeous, homely, cooperative person who loves writing and wants to share my knowledge and understanding with you.