A core banking system (CBS) is a central system dedicated to the processing of banks’ transactions. It also handles accounts, securities, payments of loans, and so on. A Core Banking Transformation, in turn, is the process of replacing, upgrading, or outsourcing this core system.
As CBS is the very heart of a bank, transforming it has a high chance of disrupting day-to-day operations. In the face of such costly disruptions, software testing can act as a reliable safeguard.
This paper offers the strategies that QA teams can adopt to mitigate the risk and thus ensure the success of this radical transformation.