Testing & QA

Israeli insurer The Phoenix selects TestCraft’s cloud-based testing solution

The Phoenix Insurance Company Ltd., one of the largest insurance companies in Israel, has announced that it has selected TestCraft’s codeless test automation SaaS platform to automate much of its manual testing operations. The insurance giant says that the move will allow The Phoenix to develop its applications faster and better by relying on modern »

UBS seeks to expand workforce in artificial intelligence

UBS, the Swiss global financial service company, is expanding its workforce in artificial intelligence. AI refers to technology capable of performing tasks that normally require human intelligence. Last year, UBS rolled out a “robo-advisor” that uses algorithms to help customers build and manage portfolios with little or no human interaction. AI technology is also being »

Wall Street banks complete blockchain test programme

The prospect of blockchain technology playing a key role in financial services moved a step closer to reality earlier this week after banks including Goldman Sachs and JPMorgan successfully completed a six-month test programme in the $2.8 trillion equity swaps market. The programme was managed by New York-based blockchain start-up Axoni, and used its AxCore »

East West Bankcorp completes UAT on integrated risk and finance solution

SS&C Technologies Holdings, Inc., the Connecticut-based global provider of financial services software, announced earlier this week that East West Bancorp has successfully completed user acceptance testing of EVOLV®, its cloud-based integrated risk and finance solution. EVOLV® will support East West’s Allowance for Loan and Lease Losses process under current US generally accepted accoun... »

Sponsored Article: The state of software testing

Sponsored Article: The state of software testing

To win, serve and retain customers, testing activities are becoming more pivotal as business process quality is deemed more important than time to market. Beginning with the business-driven change request, through to project scoping and on to DevOps adoption, the infrastructure for technical and regression testing must be present and aligned at every phase. Improving »

Quality needs to be at the heart of digital transformation, says SQS CEO

SQS, the Cologne-based consultancy firm specialising in quality assurance for software-based systems, has released its key findings from a survey conducted to analyse the perceptions and usage of different types of banking channels by the UK general public. The survey, undertaken by Arlington Research who led 2,000 online interviews, found that although 95% of the »

Consultation period on PSD2 closes

Today marks a pivotal moment in banks’ and payment providers’ PSD2 preparations as the European Banking Authority (EBA) closes its consultation period on fraud reporting responsibilities. Increased anti-fraud mechanisms under PSD2 mean that banks and payment providers will need to ensure that high-level fraud reporting is undertaken. The new rules will mean that firms will »

Robots in finance bring new risks to stability, regulators warn

A study published by the Financial Stability Board (FSB), a panel of regulators that includes the U.S. Federal Reserve and European Central Bank, has revealed that the financial industry’s rush to adopt AI threatens to inject risks into the financial system and “amplify financial shocks”. The FSB, headed by Bank of England Governor Mark Carney, »

New rules to enhance Australia’s regulatory sandbox

Under proposed changes to Australian legislation, businesses will be able to test new and innovative financial technology products and services in an “enhanced regulatory sandbox”, the Australian Treasury announced last week. Consultation on the draft legislation is now open, and will remain so until 3 November 2017. Plans for the legislative reforms were announced in »

Infosys reduces sales outlook, but says open source is area of future growth

In second quarter results released this week, leading systems integration firm Infosys has cut its annual revenue forecast to a range of between 6.5% and 7.5%, compared to analysts’ expectations of around 7.6%. However, the results suggest that client engagements continue to evolve, as new models and go-to market approaches are explored. Earlier this year, »

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