How to perform automated Agile testing in the BFSI industry?

How to perform automated Agile testing in the BFSI industry?

The BFSI industry is rapidly growing and has been on a high-growth trajectory for the last several months. In February 2022, it expanded by 27 percent compared to the previous year. But with that, business priority is changing now and then. Everyone wants a seamless and more personalized experience. Now, software testing for banking comes into the picture. BFSI industry leaders should test banking applications; an agile test is essential.

What is Agile Testing?

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Agile software development is predicated on agile testing. Agile testing is continuous testing that accompanies development activity and offers a constant feedback loop into the development process. In contrast to other software development approaches, in which testing was a distinct phase after development was complete, testing in an agile methodology starts at the very beginning of the project, even before the procedure begins.

Why Agile Testing?

Many teams use waterfalls or other classic mobile banking app testing methods to discover that the quantity of testing increases dramatically, and Quality Assurance can’t keep up. Agile testing reduces costs and saves time, which is the most crucial advantage for businesses today. Customers can better comprehend the estimated cost of each item, which facilitates decision-making and establishes priorities.

Agile testing leverages automated tests to incorporate Regression; application delivery is faster, and shifting priorities are adequately handled. Agile testing also improves team productivity, project visibility, and requirements’ business/technical elements, eliminating misunderstandings and enhancing team alignment.

The daily interactions between the test and development teams are tight and frequent. This procedure involves all team members (managers, developers, and customers), not only testers. People can converse more efficiently with face-to-face contact, preferable to sifting through lengthy paperwork. It promotes tight cooperation and fosters mutual trust among stakeholders, resulting in increased output.

What are the challenges to adopting Agile in BFSI?


Agile adoption by financial institutions is often most difficult in larger organizations, which must coordinate development amongst teams working independently on one product component, such as design, analysis, action, or testing. These groups may be dispersed over many time zones or continents.A further reason for the reluctance to embrace exceptionally when account sweeps and transactions must be precisely timed.

If the technology fails, the resulting risk exposure is unacceptable. For compliance with auditors’ and other rules, the requirements for due diligence have prompted many financial services organizations to stick with waterfall development, where documentation is highly comprehensive. Due to this restriction, the financial services sector has historically used formal enterprise change control processes and developed considerable audit documentation.

In an industry where “risk management” is the norm, development methodologies viewed as lacking in result predictability are not often adopted. Another difficulty is the nature of financial software systems, which may interact with various peripheral systems and interfaces, necessitating the meticulous design of these interfaces beforehand.

Some complicated procedures, such as embedded software, may be more suited to a waterfall or a hybrid development approach than to Agile development. Despite these obstacles, many financial services companies opt to convert to Agile. This is mainly owing to the issues and expenses involved with continuing to use waterfall approaches.

How to do agile testing in BFSI

Before the advent of agile development, the waterfall approach was often used to manage projects. With this strategy, each discipline had a distinct emphasis and location on the project’s schedule. A project would begin with an overview of all software development needs. Developers would then start constructing the program, which may take months or even years, and testers would start testing the finished product.

The waterfall strategy-

  1. Requirements planning

  2. Design

  3. Development

  4. Test

The waterfall methodology has shown to be inflexible for current software development, which is not unexpected. There is no specific full-time for each subject in an agile project approach. Instead, the project schedule is divided into sprints incorporating all disciplines, including planning, development, and testing. Sprints often last between two and four weeks, depending on criteria such as the number of participants and the department’s maturity. Instead of manual testing, opting for automated agile testing helps the QAs and developers to bring the most out of it.

How to make BFSI more agile

People and technology are all critical to a bank’s ability to be agile. It is realizable to address these issues proactively.

Here is how to do it-


The agile manifesto emphasizes individuals and their interactions more than procedures and technologies. Therefore, change process leaders must coordinate their teams and present a single face. Reputable industry professionals say that any strategy may be effectively implemented provided the members of a company have a positive outlook and are on the same page about the procedure. No system can be effective if attitudes and the hostile work environment are inconsistent.


Agile adoption depends on the permutations and combinations of what would or would not work for a bank. This indicates that there is no universal solution for this issue. Methods are only the means to agile development. Therefore, they don’t need to be followed without exception. The flexibility of procedures and tools is crucial to the method’s execution.


After people and procedures are settled, technology is the most straightforward component. This is easier as most problems result from a lack of adaptability of individuals and methods. After establishing confidence with the public and simplifying procedures efficiently, banks may choose which technology is most practical for them.

The Testing Part

Today’s banks confront several obstacles, including performance failures, lack of compliance, security vulnerabilities, and function complexity. This is why agile adoption has been seen as a failure rather than a success. The change may be implemented without interruption through effective agile testing to improve consumer experiences. Agile testing promotes optimum performance and contributes to achieving the intended outcomes. You may depend on our services to efficiently attain these goals.


BFSI is one of the most critical industries that demands constant upgrading, and that’s where software testing in financial services is needed to ensure better customer relationships and security. While doing automated agile testing, investing in a tool like HeadSpin helps to utilize most of it to improve the total ROI.

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