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FinTech Software Testing
It is necessary to ensure the highest quality of your software solution to provide user satisfaction and strengthen your leadership positions in the FinTech industry. Our team helps financial companies manage risks, unlock their potential, and turn ideas into effective FinTech solutions.
How is Luxe Quality doing with that?
Learn about Luxe Quality's fintech software testing services. Here are some key metrics:
2000+ hours
Total number of working hours
4 projects
Successfully completed
5 months
Average project duration
Our cases
Hodlnaut
Fintech
Country: Singapore
Platforms: Mobile
Implementation time: May 2021 – Jul 2021
About project: Hodlnaut is a financial platform specializing in cryptocurrency services.
Services:
- Manual Smoke, Regression and Usability testing;
- Functional Automated testing.
Technologies: TypeScript with WebdriverIO, Appium and Postman were used.
Result: 70 bug reports and 160 tests (130 automated) improved quality, security, and user experience in cryptocurrency and banking interactions.
CardRight
Fintech
Country: USA
Platforms: Web, Mobile
Implementation time: Apr 2023 - present
About project: CardRight is a fintech company specializing in managing credit cards and all related credits, bonuses, and benefits.
Services: Manual, Automation, Regression, Smoke Testing.
Technologies: TypeScript and Playwright.
Result: 200 bug reports and 122 test cases (79 automated) improved quality and user experience.
Fintech Web Project
Fintech
Country: Lithuania
Platforms: Web
Implementation time: Jun 2021 - present
About project: The company offers comprehensive auto loan management software that can be customized to meet the specific needs of any business.
Services:
- Automation testing and Cross-browser testing;
- Functional and Usability testing.
Technologies: JavaScript and WebdriverIO.
Result: 80% covered by tests, which increased the reliability and reduced the software product's risks.
We offer FinTech testing services for
E-banking solutions
Loan applications
Audit companies
Investment applications
Startups in the field of innovative financial solutions
Tax management
Portals for trading
Insurance
Blockchain platforms
Online payment systems
Features of the field of Fintech
Fintech software testing has characteristics that distinguish it from testing in other industries. Here are some key aspects:
The main types of fintech project testing
These types of testing are critical when testing virtually every fintech project.
Performance testing: Fintech applications must run at high speeds and provide minimal latency to ensure the reliability of financial transactions. Performance testing determines how well the system meets these requirements.
API testing: Fintech testing services often interact with other systems through APIs. This type of testing includes verifying the correctness of data transfer with external systems and confidence in their reliability.
Penetration testing: Since fintech applications deal with financial transactions and sensitive information, ensuring security is extremely important. This type of software testing for banking is used to identify possible vulnerabilities and guarantee the protection of data and the system as a whole.
Access control
Testing access control systems (roles, permissions) is necessary for fintech software. Software testing in banking domain includes verifying that roles and permissions are correctly assigned to users, verifying authentication mechanisms, testing the system for attacks, and bypassing access controls to protect financial data and transactions. Furthermore, online banking software testing services ensure that all functionalities of online banking platforms are robust, secure, and user-friendly, addressing access controls and transactional integrity.
Compliance with regulations
In the fintech sphere, regulation is usually highly standardized and strict. In particular, implementing the General Data Protection Regulation (GDPR) is crucial in Europe and Dodd-Frank in the United States. Our team is focused on ensuring that software meets the requirements of these standards using testing methods based on thorough analysis.
Auditing and traceability
Systems must be audit-ready, so testing services for fintech enterprises often includes checking logs and other traceability mechanisms.
Testing payment gateways
Testing payment gateways is an integral part, of fintech software development. This stage includes checking the correctness of transaction processing, the accuracy of currency conversion, the processing of various payment methods, encryption, and data protection. This is important to ensure system reliability, compliance with financial regulations, and data protection.
Checking the flow of financial data and validating transactions
Data flow testing is critical to banking solutions software testing services as it verifies the correct transfer and processing of financial data between different systems. In addition, a transaction validation check is mandatory for banking software testing, which ensures the correctness and compliance of all financial transactions with the expected results.
Localization and globalization
Fintech applications are often used in different countries, so testing them for languages and currencies is vital.
Workflow
The fintech software testing process can vary depending on the specific project, but here is a general approach that can be used:
01
Planning and preparation
- Requirement analysis: Before starting testing for fintech enterprises, testers should carefully analyze the functional and non-functional requirements of the product.
- Creating a test plan: Define the main test scenarios, the types of tests that will be conducted, and the required resources.
- Selection of tools: The necessary tools for test automation, performing performance tests, ensuring security, etc., are selected.
- Preparation of functional tests: Scenarios are developed for testing basic financial operations, such as fund transfers, withdrawals, and currency conversion. Test documentation is also created.
- Preparation for security testing: Test scenarios are developed to check vulnerabilities for SQL injections, XSS attacks, and other attacks. Test documentation is also created.
- Preparation for performance testing: Scenarios for load and stress tests are planned. Test documentation is also created.
02
Execution of tests and analysis of results
- Execution of tests: In the process of execution of tests, a systematic analysis of the results of specific test trials is carried out to identify and document the identified bugs.
- High-level testing: After the entire low-level testing process is completed, high-level testing is performed, and the entire system is analyzed to determine whether it can be presented to users.
- Data collection and analysis of results: Various data are collected, including performance metrics, screenshots, etc. Problems are identified, vulnerability analysis is performed, and performance is evaluated.
- Documentation: Reports are created that describe the testing process, results, recommendations, and other important information.
03
Editing, regression testing, and post-test support
- Bug fixing: After analyzing the test results, developers carry out bug fixing to eliminate previously discovered bugs.
- Regression testing: Regression testing is performed to check whether the new code affects the stability and functionality of the existing system, ensuring its reliability is preserved.
- Post-Test Support: After the software product is put into operation, ongoing support is provided, including resolving new issues and user requests to ensure the smooth operation of the product.
Why choose Luxe Quality
Free Trial
We offer a 40-hour trial. Evaluate our services and see how we work.
Quick start
We can start working on your project within 24-72 hours of signing the contract.
QA/AQA specialization
We are focused on providing quality fintech software testing services, and we are proficient at it.
Team Players
Our specialists will fully immerse themselves in your project and provide comprehensive reports.
Top-notch technologies
We can automate the most challenging scenarios using modern technologies and find unexpected bugs.
Own training center
Our engineers have up-to-date technologies and can find an approach to any project.
Client’s feedback
"The team's approach to project scheduling was excellent. Luxe Quality provided QA testing and development for a cellular network solutions firm. The team was responsible for automation scoping, development, execution testing, and maintenance and monitoring."
Eli Shapira
QA Manager, PenteNetworks
Email[email protected]
Phones+1 (224) 477-9959
OfficesUSA, Virginia
1800 Chain Bridge Road, McLean, VA 22102Spain, Alicante
27, C. Rafal, TorreviejaUkraine, Lviv
7a, Naukova Street
Connect with us
Our friendly team would love to hear from you.
Frequently Asked Questions
Why is software testing so necessary in the fintech industry?
Fintech software testing services testing help ensure these criteria by identifying and fixing bugs and vulnerabilities before they are deployed in a production environment. Because every mistake can lead to financial losses and legal consequences, money transactions always require special attention from users, investors, and regulators.
Are you doing fintech automated testing?
Yes, automation is often used for regression, performance, and security testing. Luxe Quality has the latest and most effective technologies to facilitate testing on the project.
What is custom fintech software testing?
Functional tests, security tests, performance tests, integration tests, and compliance tests are usually performed for fintech industry. Usability testing is also important in this field.
What are the regulatory standards in the fintech industry?
Different standards and regulations may apply depending on the region and type of financial transaction type, such as GDPR, Dodd-Frank, PSD2, and others.
Can your company help in testing blockchain projects?
Yes, we have experience in testing blockchain projects and can ensure high quality and security.
Do you test mobile fintech applications?
Yes, we specialize in testing mobile applications and can ensure their reliability, security, and performance.