Payments Testing @ Thinksoft
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Thinksoft Global Services Ltd (TGSL) is an expert in payments processing testing with over 25% of employees having payments industry experience. TGSL has tested over 6 million hours of payments applications, conducted 38 roll-outs, 34 platform migrations and over 300 payments projects. TGSL's payments testing repository contains functional and testing artifacts covering inward and outward payments clearing. TGSL offers end-to-end payments testing services across the application lifecycle from requirements to deployment.
Payments Testing @ Thinksoft
- 1. T r u s t t h e E x p e r t s Payments Testing @ Thinksoft The payments industry: The payments industry is going through a phase of transformation. Rapid changes are being introduced by every country in the regulatory framework to ensure both financial and non-banking institutions entering the payment processing business are secure, controlled and customer centric. Significant investments are being made towards the convergence of retail and wholesale payments, increased security and regulatory compliance. With our extensive domain knowledge on payments combined with our time tested proven methodologies Thinksoft is uniquely positioned to help you leverage the current opportunities. Thinksoft Global Services Ltd (TGSL) Organizational Strengths: Track Record: • 25% of the employees are from payments industry with sound domain knowledge • Over 6 million hours of testing payments applications • TGSL is exclusively focussed on the BFSI sector; business-assurance and testing • 38 roll-outs, 34 platform migrations, 30 plus certifications & 50 compliance projects • 11000 test cases from the Cards & Payments business • Faster ‘time to market’ by leveraging the ready to use test ware repositories covering inward & outward payments clearing via settlement mechanisms such as CHIPS, CHAPS, SEPA, FEDWIRE, TARGET, EBA, FPS. Swift Payments, Book Payments covering Vostro & Nostro accounts, Direct Credits, Direct Debits, Cards Payments and Regulatory Reports. Benefits: • 100% requirements test coverage • Thorough Traceability verification leading to early identification of gaps (25% + cost savings) and reduced defect fixing cost • 30% of test planning time saved due to re-use of test artefacts from repository. • 300 plus payments projects • Exposure to GPP: Global Payplus
- 2. Thinksoft Core Payment Processing Testing Experience Sanctions & Compliance Check SWIFT Messages CHIPS Messages Funds Check Querying System Currency Conversion Accounting System FEDWIRE Messages Advices R OUTER Statements C R O A N O U H R U T N E R L SWIFT OUT T CORE PAYMENT SYSTEM E E FED OUT R CHIPS OUT Mail Customer Database Monitoring System Billing Warehouse Legend: CHIPS: Clearing House Interbank Payment System CHAPS: Clearing House Automated Payment System, SEPA: Single Euro Payment Area, FEDWIRE: Formerly Federal Reserve Wire Network, TARGET: Trans-European Automated Real-time Gross settlement Express Transfer system, EBA: European Banking Association, FPS: Flexible Payment Service Key parameters of domain knowledge: • Transaction based test data management • Simulators for payment message injectors • Stubs for response from interface applications • Risk based testing using Risk Prioritization Matrix (RPM) • Domain oriented test automation using Thinksoft’s framework ARTEMIS that compresses test cycles • Compliance with standards set by the Payments Services Directive (PSD), the Financial Action Task Force (FATF), European Payment Council (EPC) contracts, Office of Foreign Asset Control (OFAC), Foreign Account Tax Compliance Act (FATCA) and UK’s Financial Service Authority (FSA) • Requirements-assurance for ISO 20022 Service Offerings: Payments Repository Metrics: • Functional artifacts : 22 Functions, 120 Sub functions and 65 end 2 end scenarios • Testing artifacts: 950+ test conditions along with 5700+ test cases Offering across the Application Life Cycle Clean Requirements Into Development TGSL’s domain focused approach and philosophy enables it to be completely product/vendor agnostic. This independent & meticulous approach helps customers in taking critical decisions. Automated Regression Test Packs BAU Testing Release / Project Testing ● Proactive Risk Mitigation Business User Satisfaction Risk Control & Predictability ● Dashboards Seamless Translation of BR into FS Review FS-Gap Analysis Fit for Purpose Testing Envision Optimize Maintenance Costs Value Proposition: ● 100% Functional Coverage, Heavy Lifting Business Process Mapping Requirements Documentation REP Preparation Participate in Vendor Selection Retire Design Bridge Domain Gap Maintain Develop Review Unit Test Plans Test Strategy Preparation Test Plans Quick Transition to Productive Use User Training / User Manual Rollout Support Functional Help Desk Accept Deploy Testing Rigor & Vigor System / Integration Testing Data Migration Testing Testing of Satelite Systems Clean Software Into Production Faster ● Higher Productivity Reusability User Acceptance Testing Performance Testing Smarter ● >90% Offshoring, Best Practices For more details, visit www. thinksoftglobal.com Disclaimer: All the documentation and other material contained herein is the property of Thinksoft Global Services and all intellectual property rights in and to the same are owned by Thinksoft Global Services. You shall not, unless previously authorized by Thinksoft Global Services in writing, copy, reproduce, market, license, lease or in any other way, dispose of, or utilize for profit, or exercise any ownership rights over the same. In no event, unless required by applicable law or agreed to in writing, shall Thinksoft Global Services, or any person be liable for any loss, expense or damage, of any type or nature arising out of the use of, or inability to use any material contained herein. Any such material is provided “as is”, without warranty of any type or nature, either express or implied. All names, logos are used for identification purposes only and are trademarks or registered trademarks of their respective companies T r u s t t h e E x p e r t s