The BFSI sector (banking, financial services, and insurance) is the largest consumer of IT services. Banking applications are directly linked to sensitive financial data. All operations performed by the banking software must be performed without failures and errors.
Banking software performs various functions such as transferring and depositing funds, requesting a balance, transaction history, withdrawing funds, and so on. Banking application testing ensures that these actions not only perform well but also remain safe from hackers.
The following basic features are expected from any banking application:
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