QA of financial software
Banking and finance solutions we test
We help banks and fintech companies to gain a competitive edge with dependable, high-quality software.
Mobile and web banking products
We run usability tests to ensure that both mobile software and web applications are user-friendly and intuitive. We also apply functional tests to confirm that all features perform well, ensure sufficient data protection through security testing, and gauge processing speed through performance verifications and then provide recommendations for further increase.
Core banking systems
We provide thorough continuous testing of the back-end functionality of core banking systems (Temenos, SDK. finance, Mambu, Backbase, Oracle FLEXCUBE, Finacle, Finastra), including corporate banking software and private wealth management solutions, to ensure high quality in all banking operations, unmatched speed, full data protection, and seamless integration with various banking and finance software.
Payment processing software
We ensure the speed, security, and reliability of solutions for domestic and international transactions. Our testing covers a wide range of payment types, including POS systems, payment gateways, digital payment software. We identify and address issues such as declined or incomplete transactions and difficulties with adding payment methods. Additionally, we verify compliance with international regulations like GDPR and PCI DSS.
Lending and loan software
We ensure the reliability and performance of lending and loan software, including loan management solutions, mortgage management systems, credit services, and risk management solutions. Our testing services help deliver secure, high-quality financial software and ensure regulatory compliance.
Investment management solutions
We verify data processing and management of vast dynamic data volumes and confirm that investment management software operates as expected. We also apply security checks to prevent disclosure of sensitive financial information and run performance tests to confirm the software can operate under high loads.
Stock trading platforms
We evaluate the functionality of trading software, including algorithmic trading platforms, wealth management software, high-frequency trading systems, and asset management tools. Our assessments cover performance, resistance to cyber-attacks or data leaks, ease of use, and the ability to seamlessly integrate with other third-party systems.
APIs for open banking
We test banking software data security focusing on multi-factor authentication, validate software limits under high loads, check data response and behavior of API queries, and verify open banking integration with third-party systems, such as diverse payment solutions.
Banking IoT solutions
We verify the functionality, security, and performance of smart ATMs or how digital wallets embedded into mobile phones interact and share data. We ensure smooth network operation and reliability, as well as sensitive data protection and conduct thorough testing of zero trust systems.
Advanced technologies we specialize in
Blockchain
We test blockchain-based solutions, including smart contracts, wallets, NFT marketplaces, decentralized apps (dApps), to make sure they function in line with specifications, can handle increased loads, and are resistant to cyber threats.
Robotic Process Automation and Intelligent Process Automation
We define test scenarios, use realistic test data, check that RPA software meets functional and non-functional requirements, review its operation when using large data inputs, and verify recovery mechanisms.
Artificial intelligence and machine learning
We test AI-powered fintech software, assessing the effectiveness of the implemented AI/ML models. Our QA experts check the quality and integrity of data used for model training to ensure the models deliver accurate results. We work with various AI-enabled solutions, from AI assistants and credit scoring systems to algorithmic trading software.
AR/VR technologies
We offer a variety of QA services to test AR/VR-based software used by banks to interact with customers and deliver streamlined, personalized services. Thus, we can ensure their usability, performance, security, and compatibility across diverse devices, consoles, and OSs.
Cloud computing and infrastructure
We test the functionality and integrity of the fintech solutions hosted in the cloud to ensure they are reliable and resilient to attacks. We assess the solutions’ scalability and performance under peak loads, as well as check their disaster recovery and data security mechanisms. With strong domain and technology knowledge, we provide end-to-end testing support for cloud migration initiatives.
Software testing services we deliver
Compliance testing
We help companies mitigate risks related to fraud or unauthorized access and prevent law violations by checking banking and financial solutions’ compliance with regulatory and security standards presented by PCI DSS, ISO 20022, ISO/TC 68.
Cybersecurity testing
Through vulnerability scanning, penetration testing, and other security verifications based on OWASP, we help banking and financial market players safeguard financial data and ensure software protection from malicious intruders.
Performance testing
Through client- and server-side performance verifications and monitoring, we make sure that online banking platforms, loan origination systems, and other financial software works effectively regardless of the load, allowing for quick transactions and data exchange.
Integration testing
We make sure that solutions, such as core banking, credit and loans, fraud management, and investment systems integrate with one another and operate well when interacting with external payment gateways or other third-party services.
Functional testing
We assist companies with releasing internet banking systems, investment and stock management solutions, and financial management products. We compile a test strategy and documentation and apply functional testing verifications to validate software against specifications, providing maximized test coverage and minimized business risks.
Test automation
Through test automation, we can significantly expand test coverage and speed up testing velocity. We leverage a tailored Aquality Automation framework that allows test creation for web/mobile/desktop solutions and applies AI to locate the source of issues. In addition, we use popular frameworks such as Selenium, Playwright, Appium, and Cypress, along with programming languages like Java, JavaScript, C#, and Python.
Accessibility testing
We ensure that individuals with disabilities can properly use diverse banking and financial software, such as investment banking software, mobile banking applications, and electronic payment systems. All software facets are examined to guarantee adherence to international accessibility standards, including WCAG 2.0, ADA, and Section 508.
Usability testing
We make sure that multiple financial solutions, such as credit management systems or core banking software, are intuitive and user-friendly, which ensures high conversion rates and customer satisfaction.
Compatibility testing
We deliver compatibility testing services to confirm that banking and financial software can seamlessly run in any environment.
End-to-end testing
We test the entire operation of banking and financial software, from start to finish, to confirm the coherent work of all its components and validate its functionality, reliability, performance, and security.
Challenges that can be mitigated with professional QA and software testing
Concerns with testing complex calculations
A failure to ensure high quality of solutions for financial calculations, risks analysis, or reports generation results in erroneous information and users’ inability to accurately make data-driven decisions.
Lack of proficient QA experts and managers
A shortage of professionals experienced in testing complex software can lead to insufficient test coverage, causing security, performance, integration, or functional issues.
Struggling with legacy systems modernization
Insufficient testing of banking and financial legacy systems or a lack of QA support when switching to modernized solutions can cause issues related to functional and non-functional software aspects or even downtime.
Inability to ensure quality using real devices
A scarcity of quality testing on real mobile devices can result in reduced test coverage, affecting software performance and user experience.
Digital transformation and cloud migration
Digital transformation and cloud migration can produce challenges, including integrating legacy systems, maintaining data integrity, ensuring regulatory compliance. Without QA activities, it can be hard to ensure high quality, performance, and security of all digital solutions, implemented technologies, and revamped business processes.
Omnichannel experience
Providing a consistent user experience across digital touchpoints can be challenging. Ensuring that your applications function flawlessly across web, mobile, and other platforms is crucial.
Shortage of standards for the newest technologies
The blockchain industry lacks standardized testing frameworks and guidelines, making it challenging to establish best practices for testing. The same applies to RPA and AI/ML-based solutions. If experienced QA engineers are involved, they can develop tailored testing frameworks considering unique needs of blockchain/RPA/AI/ML projects, introduce test automation, follow risk-based testing, leverage some traditional techniques (e.g. boundary value analysis), and focus on security and compliance of such solutions.
How do we turn clients’ needs into success stories?
Our happy clients say
Industry recognition
Why a1qa?
20+ years delivering QA services
We cover all QA needs, allowing companies to get a wide variety of QA services in one place without the associated costs of an in-house QA team setup.
10+ CoEs and R&Ds
We have diverse CoEs and R&Ds where we accumulate industry-specific expertise, so that our QA engineers and managers can grow professionally, master diverse tools, and be able to work with systems of diverse complexities.
1,100+ full-time QA experts
We assign skilled QA engineers with the required technical and industry expertise to solve QA-related issues, meet set milestones, and ensure the quality of financial software.
Professional management
We completely control the testing process across all SDLC stages so that you can focus on other high-priority objectives.
Team scalability
We set up tailored QA teams for our clients’ projects and can quickly ramp them up or down depending on the changing workload.
Fine-tuned processes
We follow ISO 9001/27001 standards, best practices, and track progress with KPIs to effectively organize and manage QA workflows and mitigate project risks.