Marketing Good experience Tech

What It Takes To Build An Effective Fintech App Testing Strategy

Written by Jimmy Rustling

Money is one of the few things people will go to great lengths to safeguard or invest. This constant consideration of money matters has led to the widespread use of financial technology (also known as “fintech”) ever since the invention of smartphones. There are applications for anything you can think of, from banking and investing to mobile payments and even property hunting.

The creators of fintech apps are well aware of the significance of money (and its acquisition and management) to the lives of most users. This fact means that their apps improve the user experience in one of the largest consumer markets. They do this by making traditional financial services, and more recent financial innovations like cryptocurrencies and blockchain technology more efficient and dependable.


Fintech App Development Risks

Information such as your social security and bank account numbers are highly personal, sensitive, and essential to the financial technology industry. In 2014, cybersecurity firm McAfee published research estimating that hackers steal between $375 billion and $575 billion yearly from mobile and web applications.

In financial technology applications, software flaws are not merely inconvenient; fintech organizations must not tolerate them. User money and sensitive information are at risk if they do not thoroughly test fintech apps. The development of fintech applications requires special attention to security, accessibility, compliance, and reliability.

Methods for Strategically Testing Fintech

Tests for usability and functionality are essential for fintech apps, as many people use them to access their cash quickly. Your software will only have a lasting appeal if it’s easy for users to accomplish this task.  Include these tests in your mobile app testing strategy.

Security Testing

You look for code vulnerabilities when you run your app through a security test. Penetration testing is a type of testing that comprehensively examines your application and the backend to guarantee that any sensitive data delivered or kept is secure against threats.

Automation Tests

Ensure you have more than a one-and-done approach to testing the security of your fintech app. You will need regular testing to ensure all aspects of your app run smoothly. However, you need not always do it by hand: Automated testing will help you test your app’s fundamental user flows, scenarios, and repetitive processes.

Compliance Testing

Financial institutions are subject to the same industry-specific physical or virtual rules. As crucial as it is to test for functionality, ensuring your app complies with all relevant standards is equally vital to its overall success.  Compliance testing guarantees that your app is up-to-date and in line with the requirements set forth by the appropriate federal body.

Accessibility Testing

Accessibility testing is vital to the success of an app. Regardless of a user’s visual, physical, cognitive, or auditory ability, they must have access to your app, and this is made possible through functional testing. Moreover, this testing further highlights the flaws in your app that can impact the user experience for those with various impairments.

Experimenting With Heavy Loads

Load testing evaluates the efficiency of FinTech apps. Load testing examines how well a program works under pressure. The quality assurance team evaluates the application’s capacity to process numerous transactions during testing.

When assessing an app’s quality, it’s essential to see how it handles a flood of data. Therefore, Load Testing is an absolute necessity for the security of any Fintech application.

Functional Testing

Functional testing aims to ensure that the Fintech application works as intended. The QA team checks the performance and the complete functional approach during testing. They do this to guarantee that everything works well.

Regression Tests

Taking steps to better your software is admirable, especially if those improvements lead to a more satisfying result for users. Most changes, especially technological ones, are accompanied by negative consequences. After making any changes to your app, big or small, you should perform regression testing to ensure it meets security, accuracy, and compliance standards.


These aren’t the only testing approaches to think about; you will tailor your testing strategy to your app. Always maintain sight that building trust in your fintech app is just as crucial as ensuring your users have a good time using it; this includes ensuring that all aspects of the user experience are safe, reliable, compliant, and accessible.

You can develop and deploy fintech efficiently and securely with the right QA testing team, although it carries a great deal of responsibility. HeadSpin’s Ai-based testing insights can help in this regard.

HeadSpin’s AI provides detailed, actionable insights. You can use these insights to develop a full-fledged strategy to meet your mobile automation testing needs. Furthermore, to help with accurate testing, the HeadSpin device cloud consists of SIM-enabled, real devices.

Your QA teams can access these devices remotely and test your fintech apps. The device cloud and the HeadSpin AI will help you meet all user requirements. Reach out!

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About the author

Jimmy Rustling

Born at an early age, Jimmy Rustling has found solace and comfort knowing that his humble actions have made this multiverse a better place for every man, woman and child ever known to exist. Dr. Jimmy Rustling has won many awards for excellence in writing including fourteen Peabody awards and a handful of Pulitzer Prizes. When Jimmies are not being Rustled the kind Dr. enjoys being an amazing husband to his beautiful, soulmate; Anastasia, a Russian mail order bride of almost 2 months. Dr. Rustling also spends 12-15 hours each day teaching their adopted 8-year-old Syrian refugee daughter how to read and write.