All About Testing A Fintech Application

The Domain And The Application

Characteristics of a Fintech application:

  1. Multi-tier functionality: On a fintech application, thousands of concurrent sessions are being run at a particular instant hence it supports multi-tier functionality.
  2. Large-scale integration: A fintech application usually integrates with numerous other applications including third party vendors for transactions, user accounts, bill pay utility, etc.
  3. Multiple transactions are happening at an instant on a fintech application thus having a high rate of transactions per second.
  4. Huge transactions are being made every second and that needs to secure hence, security becomes a major characteristic in any fintech software.
  5. Huge data calls for the need of massive storage system.
  6. Data being highly confidential and important is equipped with disaster management.
  7. Day to day transactions’ track is kept in a recording section.
  8. Real time processing
  9. Batch processing
  10. Solid troubleshooting for customer issues.
  11. Various users from various locations access the same application hence, it should support multilingual users.
  12. Fast and secure transactions

How Testers See The Workflow Of A Basic Fintech Application?

Basic Workflow of a FinTech Application

Requirement Gathering and Review

Business Scenarios In Fintech Operations

Business Scenarios in FinTech Domain

Functional Testing

Database Testing

  • Testing data integrity
  • Data loading testing
  • Database migration testing
  • Testing for various triggers
  • Testing for rules

Security Testing

  1. Multiple-factor authentications: The demands for such security concerns give rise to multiple factor authentications. These authentications makes the security process more complex.

User Acceptance Testing



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Deeksha Agarwal

Deeksha Agarwal

Deeksha Agarwal is in Product Growth at LambdaTest and is also a passionate tech blogger and product evangelist.