‘Business Assurance’ is the new ‘Quality Assurance’

‘Business Assurance’ is the new ‘Quality Assurance’

Last updated on April 8th, 2024 at 06:22 am

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Quality and success are two interlinked terms. If there’s one thing that can ensure your business success, that is quality. The term ‘Business Assurance’ signifies various factors, namely, Business Continuity Management, Compliance Management, and Risk Assessment and Mitigation. All of these ensure smooth and secure business processes with the required compliance.

Due to its nature, the financial sector is prone to numerous lapses/security issues and stress in terms of delivering the desired user experience from time to time. Testing Transformation determines an integrated approach by:

  • Cost justification and productivity enhancement of the testing function
  • Successful establishment of a shift-left approach that reinforces the constant involvement of testing across the SDLC

This emphasizes the importance and need for testing within the overall functioning of the organization and makes an external impact while delivering a secure interface and quality for the customers. The word ‘testing transformation’ predominantly emphasizes on delivering ‘phenomenal’ or ‘next generation’ experience to the customers in this steaming and constantly evolving economy.  

Despite the dominance of manual testing, digital testing and performance testing are gaining further ground. The increasing challenges being faced by the financial services domain require long-term efficiency that facilitates repeatability of tests and accelerates the speed of test execution at the same time using relevant software testing tools.

The following are some of the logical steps that can revolutionize the contemporary testing platform and further strengthen the financial services domain.

A modernized testing framework with the required methodologies and tools provides:

  • A better environment to the testers to automate the process and align it with the application development
  • Testers the environment to build capabilities to execute regression and continuous tests
  • Improved documentation through the involvement of business analysts in the testing process

The testing transformation consists of a range of accelerators, software testing tools, processes, and methodologies, which subsequently speed up time-to-market by ensuring cost-effectiveness.

This can be achieved by incorporating software testing tools that can enable your business and forecast future changes that would help businesses make much more informed decisions.

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