BFSI is one of the highly regulated industry. There are sweeping changes made by the regulatory bodies across the globe after the financial crisis. These regulations address data privacy, transparency, reporting & better use of modern technology. Globally banks spend around $270 billion every year on risk and regulatory compliance-related activities. Any misadventure in this result in hefty fines. During H1 of 2021 the watchdogs across the globe, collected a fine of $937.7 million for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and data privacy regulations. So, compliance testing cannot be seen as another tick in the box kind of activity. Tristha with it’s industry experts help clients in the BFSI space in testing these re changes & seamless rollouts.
While there are new technologies emerging every week, which enable faster time to market and enhanced customer experience, when it comes to software testing, organisations need to follow a zero-tolerance approach. As we hear news of technical glitches halting business, millions of losses & data breaches, Many financial institutions find the cost of fixing an issue in production and the associated penalty is costlier than fixing the issue at an earlier stage of SDLC. Quality is a continuous process, and there needs to be a quality gate at every stage of SDLC. Requirement gaps have been a long-running issue and one of the main reasons for project overruns. At Tristha, our techno-functional experts help bridge this gap at an earlier stage through static testing.
- ATM & POS Terminal Testing
- Terminal Certification Testing
- Data Migration
- Version Upgrade
- Release Testing
- Legacy Modrenization
- Greenfield Implementation
- Performance Testing
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