Enhancing test coverage in financial applications

Enhancing test coverage in financial applications

Published: 11-07-2024
                                    
Agencies |.- Practical testing of financial programs at the initial stages of development is essential for their successful introduction to the market. This process allows you to quickly identify potential problems and errors, greatly simplifying their correction and reducing the cost and time required for further corrections after the product is released. Next, let's review this guide and consider the concept of test coverage, its purpose, and its benefits.

Test coverage in financial programs

Test coverage in financial applications is a metric that assesses how well the tests cover the application's code or functionality. It defines the percentage of code or functions tested by tests to confirm compliance with established requirements.


Benefits of testing financial programs

These advantages significantly increase the quality and efficiency of applications and contribute to the improvement of the organization's reputation, customer satisfaction, and the achievement of high results:

● Improved security and data protection: Ensuring security for financial applications that handle sensitive data such as personally identifiable information, bank details, and transaction history is critical. Thorough vulnerability testing increases confidence in the security of this data from cyber threats, increasing user confidence and stability of financial institutions;

● Improved application performance and stability: Strengthening security measures is critical for financial applications that handle sensitive data such as personal information, bank details, and transaction history. Thorough vulnerability testing increases confidence in protecting this data from cyber threats, contributing to increased user confidence and stability of the financial institution;

● Reduction of development costs and time: Practical testing of financial programs in the early stages allows you to identify problems and errors, simplifying their correction and reducing costs and time for further corrections after release. This approach helps avoid expensive overhauls and negative consequences, ensuring a quick time to market without losing quality.

Types of tests that should be used when testing financial programs:

When testing financial applications with high complexity and criticality of operations, a wide range of test cases should be used. Test management for banking is especially relevant for the following programs:

Functional test cases

Functional testing is a landscape in testing financial programs aimed at checking the correctness of the operation of each program function. This includes:

● Transaction processing: Includes the continuous and accurate execution of all types of financial transactions, such as money transfers, deposits, withdrawals, and payments;

● Calculations: Check the correctness of interest calculations, currency conversion, tax calculations, and other financial transactions;




● Account Management: Review features related to creating, modifying, and deleting user accounts.

Security test cases

Security is crucial when testing financial applications, especially when considering the confidentiality of economic data. Key aspects include:

● Authentication and authorization: Validate login mechanisms and two-factor authentication and ensure that users have limited access to features and data with only the appropriate permissions;

● Data encryption: Confidence in correctly encrypting data transmitted over the network and stored on devices.

Usability test cases

The success of a financial application also depends on how easy it is to use and interact with the user. Key aspects of this include:

● User interface: Evaluation of the program interface's clarity, intuitiveness, and speed of response;

● Navigation: Providing a convenient way for users to find and use various functions without unnecessary complications;

● User feedback: Using feedback mechanisms to identify problems and effectively collect user suggestions for improvements.

Compliance test cases

Financial programs must precisely comply with a variety of regulations and standards, which highlights the importance of compliance testing:

● Legal Compliance: Checking that the application complies with laws governing financial transactions, data protection, and user privacy;

● Compliance with standards: Evaluation of program compliance with industry standards of financial operations, data security, etc.

| Agencies

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#Enhancing #Test #Coverage #Financial #Applications #FinTech