The software landscape at a modern financial services company is like a jigsaw puzzle, with many pieces that must fit together. For example: Software development can be more difficult in an environment that requires complex enterprise integrations. How do you create flexible, modern, and scalable applications that require technology integrations and data from dozens of sources?

IT and data executives find themselves in a quandary about deciding how to wrangle an exponentially increasing volume of data to support their business requirements – without breaking an increasingly finite IT budget. Like an overeager diner at a buffet who’s already loaded their plate with the cheap carbs of potatoes and noodles before they reach the protein-packed entrees, they need to survey all of the data options on the menu before formulating their plans for this trip.

Banking, financial services and insurance (BFSI) as a sector plays a major role in the global market for software testing services, with a particular focus on the security aspect of software products and digital processes. In this article, we’ll take a closer look at how companies in banking and finance are approaching software testing, as well as how they’re using it to handle the growing pressure to embrace and succeed with digital transformation.

As organizations run more data applications and pipelines in the cloud, they look for ways to avoid the hidden costs of cloud adoption and migration. Teams seek to maximize business results through cost visibility, forecast accuracy, and financial predictability. Watch the breakout session video from Data Teams Summit and see how organizations apply agile and lean principles using the FinOps framework to boost efficiency, productivity, and innovation. Transcript available below.

The financial services industry is quickly moving toward an all-digital future with the rise of mobile banking and data connectivity. In 2021, fintech startups raised more than $120 billion. Companies like Stripe and Plaid have made it easier for developers to tap into banking data to deliver unique customer experiences. Let's look at some of the most common testing requirements and challenges in financial services and how you can develop an effective testing strategy for your organization.

Decentralized Finance (DeFi) is a way of conducting finance-related activity using blockchain technology. It is a fast-emerging segment where many decentralized apps can be integrated and can allow anyone to conduct financial transactions by making use of public blockchain technology. It is increasingly being seen as a viable alternative to the conventional intermediary-focused approach of centralized systems.

Every financial professional understands that the numbers matter a great deal when it comes to reporting financial results. Accuracy, consistency, and timeliness are important. Those same professionals also know that there’s substantive meaning behind those numbers and that it’s important to tell the stories that lend additional depth and context to the raw financial statements.