Banking and Financial Services

Next-Gen Quality Engineering for Next-level Banking Solutions

Talk to our Experts

The banking industry has shifted from traditional branch-based banking to the online mode of internet and mobile banking to deliver faster and on-the-go services. Today’s digital customers need seamless banking and financial solutions, expecting a great customer experience (CX) with a personalized touch to retain them.

With the increasing complexity of financial products, stringent regulatory requirements, and the growing prevalence of digital transactions, the need for quality control mechanisms has become paramount. At Tx, our next-gen quality assurance services with Artificial Intelligence (AI) and Robotic Process Automation (RPA) based no-code/low-code automation deliver high-quality digital banking and financial solutions, ensuring a great CX. Our extensive QA domain experience ensures scalable and robust products.

Banking and Financial Services Challenges and Solutions

Challenges
  • Data confidentiality and integrity
  • Managing regulatory requirements
  • Implementation of Next-Gen technologies
  • Handling large scale integrations & multi-tier functionalities
  • Risk management for complex financial rules
  • Managing digital customer identity system
Solutions
  • Ensuring data quality, compliance and security
  • Performane and security testing of API and microservices
  • Focusing on and enhancing user experience and customer data security
  • Automate processes to reduce operational time for testing

Our Salient Features

Get In Touch
  • 200 person-years of experience in QA services
  • Certified in CA, ICWA, CMA, CFA, CRBP
  • Banking Test CoE
  • 50+ banking professionals
  • Ready-to-use test repository

Speak to an expert

In your line of work, we know every minute matters.

    Tx Banking and Financial Services

    Banking CoE

    We establish banking testing CoE for banks and manage entire testing working with project sponsors, managers, development team, business analysts and users. 

    End-to-End Functional Testing

    We check whether all the features incorporated by systems and applications, with multiple process flows, are working fine. 

    Test Automation

    We deploy RoIdriven test automation for quick & frequent quality checks and reduce the maximum number of defects and time to market.

    Migration Testing

    We execute testing for improving systems and applications, which includes both functional and non-functional testing. It also includes testing critical changes for banking operations roll-out in various regions and countries.

    Our QA Services for the Finance Sector

    • Loan Management and Loan Approval Workflows
    • Financial Product Management Applications
    • Electronic Cards and Payment Solutions
    • Credit Check Applications
    • Risk, Regulation, and Compliance Applications
    • Customer Communications Management
    • Digital and Mobile Financial Services
    • Collections Platforms and Applications
    • Mortgage Calculators and Management
    • Customer Feedback Applications
    • Wealth Management Applications
    • Data Porting, Migration, and Mining
    • Management Information Systems
    • Asset Management
    QA Services For The Financial Services Sector

    Our Accelerators

    Tx-SmarTest

    • Bot-led testing that ensures quicker and more robust testing outcomes
    • Ensures greater code coverage and reduces test cycle time significantly

    Tx-PEARS

    • Ready-to-use framework for security and performance testing engagements
    • 30% QA cost savings within the testing engagement

    Tx-ReUseKit

    • Ready-to-use templates help save time and chargeable effort while starting, managing, and reporting on software projects

    Tx-TestMethods

    • Improves overall IT life cycle management with test effectiveness and efficiency
    • 30% savings in time and cost

    Tx-DevOps

    • Improves the code quality and delivery speed
    • 25-30% time is saved with clear visibility of the entire DevOps project lifecycle

    Tx-Botomate

    • Supports NLP model test and real-time monitoring of chatbots
    • Effective testing of conversational flows

    Tx-UiPath

    • Robot-led test automation framework
    • 30% faster test creation
    • 40% lesser maintenance efforts

    Tx-Automate

    • 90% reduction of efforts to run tests
    • 80% reduction in regression testing cycle
    BFSI testing solutions

    Case Study

    Gain Insights into Our Services Industry

    BFSI Case Study

    Tx Assisted a US-Based Financial Services Company Achieve 100% Automation and Reduce QA Costs By 40%

    Tx partnered with the client to understand the application flow and assisted automating test cases and batch execution. Our client has successfully saved costs, streamlined the processes, and scaled the business.

    Know More
    Investment Services Company Case Study

    Tx Helped a Leading Investment Services Company Save 40% QA Cost & Achieve Successful Implementation of CRIMS System with Minimal Defects 

    Tx Helped a Leading Investment Services Company Save 40% QA Cost & Achieve Successful Implementation of CRIMS System with Minimal Defects

    Know More
    Farm Credit Services Case study

    Tx helped a Leading Farm Credit Services Provider Achieve 90% Reduced QA Cycle Time and 50% Reduced Time to Market with Automated Functional Testing 

    To help client achieve the required goal, we enabled end-to-end functional automation testing of their farm credit application suite comprising of more than ten applications using the recent DevOps CI/CD methodology.

    Know More

    Why Choose Tx?

    Industry Thought Leadership
    Professional teams
    Experts who are 100% technically qualified with more than 70% certified with flexible engagement models to best-fit customers 
    software testing tools and accelerators
    In-house AI accelerators and RPA frameworks

    IP-led services that ensure 40% saving of time; robust testing processes leveraging next-gen AI, ML & RPA with no-code/low-code automation

    Next-gen Tools and Technologies
    Tool partnerships
    Partnerships with UiPath Test Suite, Tricentis Tosca, and other partners ensure faster testing outcomes and reduced costs to clients
    Rapid ROI
    Business value proposition
    Increases speed to market and saves up to 55% on QA Total Cost of Ownership (TCoE)

    FAQ's

    What is banking and financial application testing?
    • Banking and financial application testing ensures that digital platforms like mobile banking apps, trading systems, and payment gateways are secure, reliable, and perform well under pressure.

    Why is software testing critical in the banking and financial industry?
    • Even a small bug in this industry can lead to financial loss or legal risk. Testing helps catch bugs early, secures sensitive data, and ensures that applications comply with strict regulatory standards.

       

    Can you test both legacy and modern banking systems?
    • Yes, Tx specializes in integrating modern testing techniques into legacy environments while working seamlessly with cloud-native and mobile-first platforms. We ensure full test coverage without disrupting ongoing operations.

    How do you ensure compliance with industry regulations during testing?
    • We follow frameworks aligned with PCI DSS, GDPR, SOX, and other financial standards. Our test cases include compliance checks, and we perform security and audit trail validations to ensure your software meets all required regulations.

    How does Tx reduce the time-to-market for financial applications?
    • We use automation, shift-left testing, and agile practices to catch issues early and move faster. This shortens release cycles and helps deliver high-quality apps without compromising compliance or security.

    Do you offer customized testing solutions for different financial services?
    • Yes. Whether it’s retail banking, wealth management, insurance, or fintech, we align our testing strategies to fit your platform, regulatory needs, and business goals.

    How can I get started with Tx for my financial application testing needs?
    • You can start by emailing us at [email protected] or visiting our contact page. We provide tailored FinTech App testing solutions, drive impactful digital strategies, and help you achieve your goals.

    Recent Insights

    April 29, 2025

    BLOG

    Scaling Smarter with Cloud ERP Solution – Driving Business Growth

    Table of Contents Understanding a Cloud ERP Solution On-Premises ERP vs Cloud-based ERP Solution Cloud ERP Software Solution Components 5 Types of Cloud ERP Software Why Does Your Business Need a Cloud-based ERP Solution? How can Tx help ensure the Quality of Your Cloud ERP Solution? Summary Today’s businesses want to scale and expand their Scaling Smarter with Cloud ERP Solution – Driving Business Growth

    Read More

    April 28, 2025

    BLOG

    Role of AI-driven Autonomous Testing in Software QA

    The blog discusses how AI is upscaling quality assurance through autonomous testing, where systems independently create, run, and maintain test cases. This approach reduces manual work, boosts accuracy, and adapts to changes in real-time.

    Read More

    April 24, 2025

    BLOG

    How General-Purpose AI (GPAI) Models Are Regulated

    The blog explores how the EU AI Act regulates general-purpose AI (GPAI) models, especially those posing systemic risks due to their scale, reach, and potential for misuse. It outlines how such models are identified, what legal obligations providers must meet, and how the AI Office enforces compliance.

    Read More

    April 22, 2025

    BLOG

    Top 5 Use Cases for AI Agents in the Insurance Industry

    AI agents are redefining insurance by driving smarter underwriting, faster claims, and fraud prevention. This blog explores their key use cases, components, and benefits, plus how Tx helps insurers ensure AI reliability, accuracy, and compliance through expert quality engineering and testing solutions.

    Read More

    April 21, 2025

    BLOG

    Why Data Validation Testing Is Essential for ETL Success

    Data Validation Testing in ETL Data Validation Vs. Data Quality Data Validation Testing Stages in ETL Data Validation Challenges and Solutions Why Choose Tx for Data Validation Testing Services? Summary In today’s tech-centric world, everything depends upon data quality. Businesses rely heavily on accurate, consistent, and timely data to drive insights and facilitate decision-making. Large Why Data Validation Testing Is Essential for ETL Success

    Read More