Basic rules to follow when preparing for testing banking IT products

IT products

A critical phase in the creation of an IT product is testing. Due to the importance of consumer data and money security, testing is a crucial phase in the development of banking industry solutions. We will examine the guidelines followed by financial product development companies as they get ready to test fintech applications in this post.

Advice for testing fintech solutions

Quality Assurance lessens the effect of the human factor, accelerates the time to market for financial goods, and raises the standard of such products’ quality and safety. How should testing be organised, carried out, and what outcomes may be expected? Let’s examine the primary testing guidelines.

Bring in testers with a lot of technical knowledge and involve them in the creation of your products.
What needs to be done:

It is essential to increase technical proficiency. Due to a lack of awareness of how the task is implemented and how it interacts with the other functions of the product, the tester’s limited technical expertise results in testing that is not adequately deep. Only minor mistakes are found, and situations that users can run into in specific situations are not examined. For instance, a tester may overlook security flaws or fail to look for instances where a cookie has expired if they are unaware of how cookies function;

It is essential to promote participation. If the tester isn’t concerned with the product’s success and doesn’t understand the end aim, he won’t offer insightful suggestions for improving it and will instead focus on finding errors in tasks. The ultimate result is a product that is free of problems but annoying, has convoluted logic, and is not user-friendly.

The outcome:

The testing quality indicators are raised (not only the number of detected bugs is reduced, but the product itself begins to work successfully as part of the overall system of the bank). During testing and development, the product is further refined based on tester feedback.

Allow testers to study and gain expertise in your industry
What needs to be done:

deep knowledge of the sector. A tester cannot test deeply, that is, examine not only evident user functions but also non-obvious technological relationships between them, because they do not have a deep understanding of the subtleties of business processes. Instead, they focus solely on tasks. He is unable to offer suggestions for enhancing functioning or issue a forewarning about the errors made by rivals. For instance, even if the account was opened less than three years ago, you could not realise that the “Withdraw funds” button is active if you don’t know what an Individual Investment Account (IIA) is, even though this is not feasible.

The outcome:

Improve testing efficiency and effectiveness. The tester saves time by not having to spend time deciphering “what it is” and “how it works,” and finds linkages between modules fast by being aware of how business processes are organised and what language signifies in the industry. Additionally, it becomes possible to check more particular examples and spot such discrepancies, as in the IIA example.

Testing and development should not be separated.
What needs to be done:

When assigning a task, it seems sense to have a tester on the team. Since these faults are the “cheapest” ones to fix, their eradication will cost the least money, testers will be able to find bugs and inconsistencies even at the planning stage. Additionally, rather than during the testing process, testers will be able to offer insightful comments during the planning stage. Additionally, you won’t have to redo the entire task if the idea is successful and is accepted at work.

Testers must spend more time figuring things out than when there is someone to ask all the pertinent questions if they do not communicate with developers and do not comprehend how the task is “done”. It can be challenging for a tester to respond fast and determine whether something is a bug or not. The linked API, for instance, has a restriction of 10 requests per minute, therefore rejecting a request that exceeds this amount would not be regarded as an error. If the tester is unaware of it, an unnecessary task will be added to the list of bugs.


From the beginning to the end of the project’s development, testers are involved. Regular communication with developers enables testers to swiftly identify faults and repair them as they arise.

Establish and uphold testing standards.
What needs to be done:

Testing new functionality simultaneously with development; deviating from the plan is acceptable when: a release build is carried out, and only then the entire release is tested, followed by the elimination of any bugs found; many unstable, untested tasks are simultaneously uploaded in the test environment, which makes it more difficult to locate bugs;
a productive automation. Automation needs to be efficient and simple to operate. Such a solution slows down all operations if it can only be set up and operated by a small group of individuals.
arranging the paperwork. If the product description is a mountain of disorganised, incomprehensible documentation without a glossary and instructions on how to utilise it, this will seriously complicate onboarding for new employees. There will also be issues if you need to recall how a certain feature functions, how a certain service is utilised, how to deploy a project locally, what defects are already known, and so on.

The outcome:

The amount of functionality tested during a sprint is enhanced, which decreases the amount of time needed to address defects, hastening the release of the product.

A conclusion

Testing fintech products demands substantial preparation from testers because a lack of knowledge of the words and the procedures for performing specific operations slows down the process and lowers the testing’s quality. We advise you to get in touch with a reputable fintech development service provider, such as Aleph One, if you require extensive support in the development of a fintech solution or aid with testing. The business has been offering assistance with the creation of banking-related applications since 2015. Innovative technology, like as blockchain and artificial intelligence, can be used to put an idea into practise.