Technology
T
o say that the fintech industry is booming would be an understatement, with 64% of global consumers adopting fintech. The uptake in digital solutions across the financial sector has seen significant growth during the pandemic in an effort to keep up with changing consumer behaviours. People and businesses alike are now using fintech services more and easier than ever. One thing is clear: the pandemic has advanced attitudes towards fintech by a few years in just a few months. Yet, among new digital innovations, there are a lot of expectations surrounding fintech software. From providing a seamless experience, quick and efficient solutions and countless requirements, these applications are under heavy scrutiny and have no room for errors when it comes to protecting sensitive financial data. Afterall, the financial sector has been a long-standing target for cybercriminals for a number of years. Investing in software development for these fintech processes ensures users are getting the most out of its capabilities, improving usability and experience. In this article, I’ll delve deeper into how we can apply software quality assurance to this process and the many benefits that come with it. Understanding quality assurance Quality assurance (QA) is a concept commonly used interchangeably with software testing, which is actually incorrect. In fact, QA is an assortment of practices and activities that are much more profound, despite the conduction of software tests. In QA, much more emphasis is placed on the far-fetched automation of tests and their large scale. The QA engineer is required to display knowledge of various technical aspects of software development to a much higher degree. The most common activity of being a QA engineer is test automation, which requires not only testing knowledge but also having programming skills. In fact, automated tests give a big advantage, because they can detect errors and shortcomings that were not detected both by the developer and the manual tester. Quality assurance in fintech QA is not only an effective way of preventing mistakes and defects, but also a complex process that includes non-functional testing of applications. In particular, fintech companies need to ensure that the processes used to develop their products and solutions are fully secure, functional and reliable. One way QA can be ensured here is through investing in software development. Properly trained and dedicated software engineers run countless tests to ensure that any software development products and solutions are to the highest standards. In a competitive environment, fintech firms need to consider agility and enhanced customer experience as key reasons for 50
The rising im software qual in fin
