Difficulties of Digital Transformation in the Banking Industry

To deliver the greatest possible customer experience, banks need a solid infrastructure, a well-defined digital quality assurance strategy with a focus on end-to-end functioning, connectivity, and seamless connection with backend systems. While offering a great customer experience across all channels, such as mobile, web, and the cloud, banks must also assure safe transactions and the security of sensitive customer data across all touchpoints.

Web security is of paramount importance, which makes penetration testing and compliance with industry security standards such as PCI DSS essential.

CDWT’s Airlines Software Testing CoE

CDWT’s professionals in automated testing have in-depth knowledge of all Airline Domain components. Our workforce has expertise handling a variety of modern airline IT systems, including new generation passenger solutions, revenue accounting, booking, an ecommerce website, and mobile applications for various platforms, among others.

The software testing centre of excellence for airlines at CDWT gives access to 400+ Test Accelerators, strong Domain Competency Group specialists with a love for the aviation domain, a robust toolset and framework, on-demand testing services, and flexible engagement models.

BlueSwanTM, Cloud Enabled Test Labs, Certified Test & Engineering Specialists, and a CI-enabled Enterprise Automation Framework are CDWT’s enablers.

How CDWT Assists Banks with Their Digital Transformation

CDWT offers the most advanced migration and assurance activities, such as ISO 20022, as well as Blockchain testing services for the banking industry. While minimising the cost of service delivery, CDWT’s complete Digital Transformation programme for Banks ensures a better UX for its clients’ consumers. It includes end-to-end functional validation, Mobile App validations, third-party API integrations, Cyber Security Assurance, and Biometric validations, among others.

Components of CDWT’s intellectual property, BlueSwanTM, such as Incight and CESA, provide the provision of prescriptive insights into the digital offering of customers. CDWT offers an easy and user-friendly payment experience by leveraging its cutting-edge payments expertise across payment processors, aggregators, and payment technology providers.

CDWT’s Offerings for the Banking Sector

Banking Assurance and Automation
  • Testing of core banking systems (Temenos T24, Finacle, Flexcube, FIS)
  • Open Banking
  • No code, low code solution for BFSI
Digital Transformation Services
  • Digital Brokerage and Wealth Management Solution
  • Legacy Modernization
  • Omnichannel Banking
  • Blockchain Solution: Vendor finance on Hyperledger Fabric
  • Blockchain Solution: Trade Finance
  • Post-trade Settlement on R3Corda
Regulations and Compliance Services
  • ISO 20022 Migration Services
  • Enterprise Financial Crimes Management
  • Banking Risk Compliance

The Next Generation of Payments: Testing Services for ISO 20022 and Blockchain

Our Messaging Standards Expertise consists of the ISO 20022 format – message components and syntax – and the return handling process – Recall and Revoke, delivering advantages of ISO 20022 Migration such as fraud prevention and an improved audit trail, faster integration, and enhanced analytics, among others.

Our Blockchain testing domain experts assist in resolving the bottlenecks of Vendor Financing using Blockchain powered by Hyperledger Fabric and Smart Contracts to build a flexible decentralised finance (DeFi) infrastructure. This has several advantages, including more openness, improved security and privacy, decreased costs, and more.

Test Accelerators For Banking /Financial Services Sub-Domains

Our Test Accelerators cover all important business processes and financial subdomains.
Corporate Banking
  • Trade Finance
  • Corporate Lending
  • Commercial Lending
  • Securitization
  • Forex
  • Liquidity Management
Open Banking
  • Customer Account Information
  • Product Information
  • Third Party Payments
  • Account Servicing & Payment Initiation
Retail Lending
  • Loan Origination
  • Decisioning
  • Servicing
  • Delinquency Management
  • Reporting & Analysis
  • Retail Banking Payments
  • POS
  • Merchant Payments
  • Bill Payments
Compliance & Regulations
  • DoDD Frank Act
  • MiFID II
  • PSD2
  • Regulation CC
  • SOX Act
  • US Patriot
Investment Banking
  • Wealth Management
  • Private Equity
  • Broker Dealers
Retail Banking
  • Customer On boarding
  • Checking/Savings Account
  • Payments & Transfers
  • Account Statements and Reports
  • Debit and Credit cards
  • COB reports
  • Deposits

Accelerators for Product Testing

Our pre-built test cases for all key banking and core banking products expedite the test design process by sixty percent.

Cards and Payment Testing Expertise

Digital Payment
  • Contactless Payments
  • P2P transfers
  • Tokenization
  • POS Terminals
  • Remittance Services
  • Authorizations
  • Merchant Mgmt.
  • Messaging Systems
  • Collections
  • Disputes and Chargebacks
  • Delinquency
API-based Payments
  • Realtime Payments
  • Third Party Payments
  • Payment Gateways
  • Identity based payments
  • MPoS
  • Card Payments
  • Payment Process
  • Payment Aggregators
Business Areas
  • Digital Banking
  • Issuance
  • Mobile Payments
  • Acquiring and Processing
  • Value Added Services
  • POS Terminals