Security Validation and Testing for Banking and Financial Systems

The banking and financial system is going through an unprecedented digital transformation and taking advantage of this, malicious attackers pose a serious threat to the stability and integrity of the system.

Disruptive and destructive attacks and incidents that corrupt the integrity of financial data have been increasing rapidly.

As financial institutions rely on their digital infrastructure to deliver financial transactions it is important to ensure their networks are secure, reliable, and perform as planned to their specific needs. Investing in a robust and secure network infrastructure and performing regular assessment and validation enables organizations to minimize the risk of downtime and proactively addresses the increasing onslaught of security vulnerabilities.

Test lab modernization and automation is key

BFSI enterprises are pushed to test more complex systems, while facing multiple regulatory compliance requirements. The current state of testing cannot keep pace, where multiple labs/environments are segregated by technology and vendors. This includes siloed labs/environments that reside both on customer premises and vendor facilities. Added to this, typical lab set-up time can be weeks, requiring multiple lab techs. To address these challenges, a test lab modernization and automation strategy is essential to manoeuvre the objectives and requirements of the banking & financial sector. Test lab modernization for financial enterprises is a sophisticated, proven program that delivers the following components:

• Lab automation

Build and integrate key automation capabilities from the start

• Test automation

Agile iTest development to capture, design, develop, and automate

manual test cases

• Physical design 

Inventory, architecture design, pre-commissioning, configuration installation and validation of network infrastructure connectivity

• Network implementation