Hi there! If you’re new to the banking industry, one of the struggles you’ll have is picking up the requisite “banking domain knowledge”. If you don’t have banking. Bank Management Tutorial for Beginners – Learn Bank Management in simple Assets, Risk Measurement Techniques, Bank Marketing, Relationship Banking. Banking, financial services and insurance (BFSI) is an industry term for companies that provide and technical/professional services firms that manage data processing, application testing and software development activities in this domain.

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During test preparation, QA team needs to include both negative as well as positive test scenarios so as to break into the system and report it before any unauthorized individual access it. Also how the data will be fetched, uploaded and transferred to dojain new system after migration Ensure Data Migration Testing is complete Ensure Regression Test cases are executed on old and new systems, and the results match.

Read about some recent trends in banking industry.

It ensures that the software does not have any security flaws. It is done by business analyst; requirements for a particular tutotial application are gathered and documented Requirement Review: While to prevent from hacking, the bank should also implement a multi-layer of access validation like a one-time password.

Fomain covers both life living and non-life non-living. There may be the cases where requirements are not documented well and may lead to functional gaps in test plan Many non-functional requirements are not fully documented, and testers do not know whether to test it or not.

This section provides an overview of the Insurance Industry. What is Stock Exchange?

Under Integration Testing all components that are developed are integrated and validated Functional Testing: It not only involves writing negative test cases but may also include destructive testing.

What is Monkey Testing? Read more to know what business tytorial

BFSI – Wikipedia

This will help you understand the major products offered by the insurance industry and how they are classified. When we talk about software project or development, this term is often referred. Banking may include core banking, retail, private, corporate, investment, cards and the like. What is Risk Based Testing? Ensure Time budget for Integration Testing is accounted if your banking application has many external interfaces.


Many non-functional requirements are not fully documented, and testers do not know whether to test it or not. Service domain activities make up the company’s value chain and support domain provides the infrastructure and support to sustain the value chain.

Domain expert are master of the subject, and he may know the inside-out of the product or application. Please help improve this article by adding citations to reliable sources. Sectors of Insurance Industry This article describes current insurance industry sectors and their associated activities, products, and services. Financial services may include stock-broking, payment gatewaysmutual funds etc. Explore the seven most important principles of insurance. Understand the dynamics of this sector.

Why Domain Knowledge Matters? Financial Services may include stock-broking, payment gateways, mutual funds etc. Accounting Business Analyst Cloud Computing. Read more about the health and life insurance industry.

Bank Management Tutorial

We will also classify the business activities and will explain the nature of business organization. To troubleshoot customer issues it should have high tuorial capability It should handle complex business domai Need to support users on multiple platforms Mac, Linux, Unix, Windows It should support users from multiple locations It should support multi-lingual users It should support users on various payment systems VISA, AMEX, MasterCard It should support multiple service sectors Loans, Retail banking etc.

In this article, we will consider the key services provided by the banks, insurance companies, mutual funds, stockbrokers, and the other financial services firms that make up the financial system. Ensure Data Migration Testing is complete Ensure Regression Test cases are executed on old and new systems, and the results match. This article describes current insurance industry sectors and their associated activities, products, and services. What is System Integration Testing?

Understand the difference between primary and secondary markets. It should support thousands of concurrent user sessions A banking application should integrate with other numerous applications like trading accounts, Bill pay utility, credit cards, etc. Banking today is an exciting, fast-moving, around-the-clock, global activity.


The Industry Basics Banks play a key role in the entire financial system by mobilizing deposits from households spread across the nation and making these funds available for investment, either by lending or buying securities.

These institutions may have other sources of income, but the bread and butter of their business is handling deposits, paying interest on them, and lending money based on those deposits. Domain is nothing but the industry for which the software testing project is created. Financial Institutions Learn what we mean by financial institutions and financial intermediaries. Changes in regulation, changes in technology, and changes in competition have pushed banking, to become dynamic organizations that must respond rapidly to changing business circumstances.

Learn about financial assets and the role the banking industry plays in financial assets market. Monkey Testing is defined as the kind of testing that deals with random Ensure that test data meets regulatory compliances requirements and guidelines Maintain the data confidentiality by following techniques like data masking, synthetic test data, testing system integration, etc.

Before mainframe testing, lets learn What is a Mainframe? Articles needing additional references from December Dpmain articles needing additional references.

BFSI comprises commercial banks, insurance companies, non-banking financial companies, cooperatives, pensions funds, mutual funds and other smaller financial entities.

Bank Management Tutorial

Foolproof disaster management mechanism Test Phases in Testing Banking Applications For testing banking applications, different stages of testing include Requirement Analysis: It is mandatory that all the activities performed by banking software run smoothly and without any error. Technology is allowing the BFSI industry to reach out to new markets and offer novel products and services through efficient delivery channels.

These words have a definite meaning in ‘Business Organization’. A standard banking application should meet all these characteristics as mentioned below.