#function testing services

All of its benefits will prove to be very crucial for the overall modernisation process of the legacy core banking platforms. Hence, Verifaya would be the perfect solution for all that’s Fin-tech. Get a quote now by contacting them.

Banking and finance industry have experienced an exponential boom over the years. It is because of the disposal of various Fin-tech applications, making banks super-fast and efficient. Legacy core banking has a mainframe system with a multi-year license-based pricing model. This model is highly complicated and difficult to work around in today’s technological ethos. 

It is crucial to modernize the legacy core banking because of the following benefits-

• Enable the data insights and automation which will help serve clients in a better manner. 

• Driving performance, growth and compliance by improving the business cycle which brings in greater business value. 

• Encouraging product innovation, customer satisfaction and improved service rendering levels. 

• Creating new technology provisions for talented personnel and fill the void of legacy programmers. 

• Enable cloud-based flexibility and scalability through various cloud-based solutions. 

When the whole of the banking sector is looking at working around machine learning and artificial intelligence, legacy banking cannot do so. There are many banking software testing portals that ensure all the digitisation amenities are in place. 

Here are some ways through which legacy banks can be modernised-

• Carefully choose a modernisation approach like deploying financial application testing for the smooth functioning of all digital IPs. 

• Shift to migration and cloud-based extraction with APIs and latest digital tools. 

• Enhance the legacy core banking platforms which you can very easily do via a finance software testing service provider. 

• Curate a funding model, preferably a self-funding model which will not raise any eyebrows. 

• Look at the total cost of ownership (TCO) instead of purchase prices. 

Verifaya is one such script-free automated software solutions provider that helps in the complete modernization of the legacy banking platforms with the usage of CI and ALM tools. 

Verifaya is one of the top tech service providing companies that specialises in software testing among other IT support services. Its reputation in the market is impeccable because of the global clientele base. Verifaya can make the perfect solution that legacy core banking systems can hire, following its benefits like-

• Continuous integration

• Mobile enablement

• Business agility