Bank quality assurance program




















Writing Test Scripts : Incomplete or irrelevant test scripts consume lots of efforts in execution and this causes delay in the projects. Test scripts should be mapped to Traceability Matrix focusing on a particular functionality.

Post each project completion; testers should analyze the rejected defects and their reasons. Test Automation : Our experience has been that the automation adds a lot of value when there is large number of test cases and the cost of automation is not significantly high. Macros for data conditioning, execution and evidence capturing; or automated test reporting in excel spreadsheet if not using testing tools like QC, JIRA. Test Repository : One of the most under-rated practices is adequate documentation - pre, during and post - the testing initiatives.

Not only should there be regular testing artifacts such as Test Plan, Test Scripts, Defect Logs but also diligent documentation of all the learning from the project during and post facto. Nothing can be farther from truth. To ensure the deliverability of future Assurance Program messages and materials, please:.

Yes, you may have more than one. While the security requirements are not new, the attestation process is and we want to provide customers with as much notice as possible to ensure a successful implementation. Also, in some cases an independent reviewer may be required to conduct the self-assessment, and we recognize that may take time to coordinate. You will receive periodic reminders throughout the year as the deadline approaches.

There is no penalty for submitting the attestation early, and we strongly encourage you to do so. Going forward, the attestation will need to be completed once per calendar year January — December.

The Assurance Program is an ongoing program that requires an annual self-assessment and is completed each year upon an institution sending to the Reserve Banks an attestation indicating that the self-assessment was conducted. Due to the annual nature of the program, extensions are not appropriate; an attestation received within any one calendar year will be effective for that year. As such, an attestation received in December will be applied toward the Assurance Program requirement, and an attestation received in January will be applied toward the Assurance Program requirement.

The Federal Reserve Banks determine which organizations are subject to a standard or independent assessment based on a variety of factors, such as: FedLine Solutions used, specific products and services, business use cases and the type of organization represented. If any of these factors change for your organization throughout the year, the need for an independent assessment may also change.

If your institution is designated to complete an independent assessment or review, you can find this information in black bold text in the body of the email you received with your Assurance Program materials:. The individual who signs your attestation should be a senior management official or executive officer in charge of electronic payments operations or payments security for your organization.

The attestation must be signed by a senior management official or executive officer in charge of electronic payments operations or payments security for your organization. Whether that person is, or is not, an EUAC will depend on the circumstances of each organization.

No, as long as the individual signing is an official or executive officer in charge of electronic payments operations or payments security for your organization. For organizations that connect to FedLine only through a service provider, that organization can look to its service provider to obtain information necessary to submit its attestation. The organization might then elect to use that information to support its own attestation.

Additional information can be found in Item 4 in the Security and Resiliency Assurance Program Guide, included in the Attestation Package you receive electronically. Your self-assessment may be completed by your internal staff; however, some organizations may be required to have an independent party conduct or review their self-assessment. For organizations that have been notified an independent assessment is required this information is found in the body of your Assurance Program email , the requirement of independence can be satisfied by having:.

Each institution is permitted to make its own determination of the methodology in which it conducts the self-assessment, provided of course that the self-assessment is sufficient to enable the institution to submit the attestation.

The Assurance Program applies to all institutions that utilize a FedLine Solution, either directly or indirectly through a service provider or other agent. The Assurance Program requires that these institutions:. The banking industry now heavily depends on technology and various types of banking applications, which need to perform seamlessly to provide a great experience to the customer.

QA testing helps to improve the quality of these banking products before releasing them to the market to ensure the product is defect-free, enabling seamless transactions and deliver a great customer experience. Hence, it is essential for banking systems to leverage QA testing to get high-quality and flawless mobile apps. Banking applications usually have a multi-tier architecture or N-tier architecture. The most common 3 tier architecture has three layers namely presentation, application, and database layers.

Since the API layers contain the logic of an application and directly touches both the data layer and presentation layers, it requires end-to-end QA testing. With the advent of Open APIs, new business opportunities are delivered at the core of banking services.

Thus, to enable such services, the back-end and middleware systems must be prepared to support open APIs which involves complex integrations. Hence, it becomes mandatory to validate all these underlying layers through API testing with a robust quality assurance process involved. Banking systems require large scale integration with third-party apps such as eCommerce apps, gaming applications, food delivery applications, etc.

To ensure that applications are well integrated with third-party applications and function properly, it is essential to conduct Integration and functional testing of banking systems. These type of glitches annoys the customer deeply. Hence, to ensure that your banking systems have stable payment gateway integration that provides a seamless transaction experience to customers, an effective QA testing is essential. Many times, banks face server issues or downtime which affects the working of banks and customers as well.

Server downtime or outage leads to delayed payments or failed transactions which in turn causes loss to banks and customers get annoyed as well.

Therefore, banking servers and applications need to be quality tested and assured to avoid server outage and ensure high performing applications under all load conditions. Banks deals with crucial and confidential customer data and therefore the safety and privacy of data are of utmost importance. Banks ensure all possible efforts to save the data from cyber-attacks.

But, as technology is evolving, hackers are using all possible means to hack customer data many-a-time. Therefore, it is very essential to conduct vulnerability testing of banking systems to see there are no security loopholes in the system which can be exploited by cyber attackers. Financial institutions have to comply with certain rules, compliances, and regulations. Therefore, all banking systems need to be QA tested to validate that they are not missing on any open banking API terms and conditions.

With the increasing surge of cloud technology, banks are moving their infrastructure to the cloud.



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