Banking applications are one of the most complex applications in investment banking domain knowledge’s software development and testing industry. What makes Banking application so complex?

What approach should be followed to test the complex workflows involved in banking applications? In this article, we will be highlighting different stages and techniques involved in testing Banking applications. The above listed ten points are the most important characteristics of a Banking application. Banking applications have multiple tiers involved in performing an operation. Transaction Processor which could be a large capacity Mainframe or any other Legacy system to carry out Trillions of transactions per second.

Typical stages involved in testing Banking Applications are shown in below workflow. We will be discussing each stage individually. Requirement gathering phase involves documentation of requirements either as Functional Specifications or as Use Cases. Requirements are gathered as per customer needs and documented by Banking Experts or Business Analyst.