Quality assurance is crucial for developing financial services that can compete in today’s market. Everyone and everything is moving to virtual services, which is convenient for consumers but presents challenges for established and growing companies alike. QA software testing of financial services ensures the quality of the following aspects of an application:

Accessibility

Ensuring a banking application is accessible to users is essential. This aspect of an application is necessary so that users with disabilities or impairments are able to use the app and includes (but is not limited to) features like screen readers or magnifiers.

Compliance

This aspect of banking is crucial because there are strict regulations institutions must follow. QA testing ensures an application adheres to these rules.

Data Protection

Financial services deal with sensitive information that must be protected and is an important quality to customers. QA testing determines if and provides solutions for any possible weaknesses that put data at risk.

Functionality

This aspect refers to the inner workings of an application and whether it works as intended or not. QA testing identifies any defects that impair functionality.

Security

Security is the most important aspect of banking, whether in person or online. QA testing thoroughly verifies the success of security measures in an application.

Usability

Unlike functionality, usability refers to the ability of users to use an application easily. QA testing ensures the app is easy for customers to navigate and complete transactions.

Customer expectations are continually increasing, but QA software testing for banking ensures optimized application performance that is competitive while maintaining security and adhering to banking regulations. The consequences of even the smallest of defects slipping through the cracks can be detrimental to the banking institution and, most importantly, the customer.