Testing & QA Standards

Regulators say systems must be up and running two hours after attack

The Bank of International Settlement’s Committee on Payments and Market Infrastructures (CPMI), together with the International Organization of Securities Commissions (IOSCO), has published a report advising financial markets infrastructure (FMIs, a category that includes important payments systems and clearing houses) on how to improve their cyber resilience. The joint working group advises finan... »

Are you paid what you are worth?

It should be a great time to be a testing specialist working for a financial firm. Competition among firms to acquire the right skill-sets has never been more fierce. But are you getting the raise and bonus you deserve this year? QA-Financial.com has partnered with Emolument.com – the leading salary database – to provide its »

The QA expert interview: Dale Bulmer, Markit

Data is the fuel for financial markets. Since its launch in 2003, Markit has grown to challenge the leading suppliers, Bloomberg and Thomson Reuters in its core markets, such as credit benchmarks. We met up with Dale Bulmer to discuss the key trends in mobile, security and vendor risk management, and how those trends translate »

Feature: Modelling dark pools with maths

Dark pool trading venues and other highly complex markets are worrying regulators. How can the firms that run those venues calculate where things might start to go wrong? What might prompt those markets to mis-behave? A rising star among fintech firms is Aesthetic Integration, a firm based in London, which believes it has the answer to that challenge in the »

CISQ creates definitions for IT quality

The Consortium for IT Software Quality (CISQ) has announced new standards for measuring structural quality of software. The US industry body said these are quantitative criteria that can be used to evaluate the performance of an IT system according to four different measures: reliability, security, performance efficiency, and maintainability. The standards were created by compiling a »

Swift bets on cloud for ISO 20022 testing

ISO-22022

The clear priority for the 8,000 delegates at Sibos 2015 – held in Singapore last October  – was ISO 20022. That’s the standard that describes the metadata repository of descriptions for transactions messages for interbank and corporate treasury payments, securities and derivatives trades and — at some point in the future — retail payments. Although ISO »

Consistent testing is key to revenues: Accenture survey

Financial firms expect their businesses and revenues will be more affected than others by challenges in digital technology over the next three years, according to an Accenture survey of 200 mid-to-large-sized European companies. “Digital”, in the context of the survey, released in November, covered developments in social media, mobile, analytics and cloud. The 46 financial »

Test pricing: Automation brings new benchmarks

Shalini Chaudhari, Accenture

In the old days, when testing was something done at the end of software development, the metrics of pricing were simple. The testing services provider would charge a fixed price defined by the number of lines of code tested, or by the equally simple metric of getting the job done. The testing service providers with »

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