The banking industry has a long history of having high standards for its services. Quality assurance teams in banking have the important job of verifying that the banking software is secure and reliable for customers. One of the key roles in this quality assurance process is domain testing. When it comes to hiring a domain tester, it is important to ask the right questions to ensure that the candidate has the skills and experience needed. In this blog, we will explore some of the best banking domain testing interview questions to help you find the right person for the job. These questions will help you get a better understanding of the candidate’s experience and technical knowledge. We will also provide background information on what constitutes a good domain tester and how they fit into the larger banking quality assurance team. By the end of this blog, you will be prepared to select the best candidate for the job.
- What is Banking? …
- What is the Banking domain and explain briefly? …
- What is BFSI? …
- What are the different types of Banks available in India? …
- What are the different types of Accounts available in Banks? …
- What are the different types of Loans available in Indian Banks?
How to explain Banking Domain Project Software Testing
What is Domain in Testing?
The industry for which the software testing project is created is known as the domain in testing. This phrase is frequently used when discussing software projects or development. For instance, the domains of insurance, banking, retail, and telecommunications, among others
Typically, in order to develop any particular domain project, domain expert assistance is sought out. A domain expert is an authority on the topic and may be intimately familiar with the application or product.
For testing any software product, domain knowledge is incredibly important and has its own advantages, such as
Banking Domain Knowledge – Introduction
The banking industry has many different concepts, but it can be broadly divided into two sectors.
The table of services that these two banking subsectors provide is shown below.
| Traditional banking sector |
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| Service based banking sector |
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You might need to test one or more of the aforementioned service offerings depending on the size of your project. Make sure you have enough background knowledge about the service being tested before you start testing.
Characteristics of a Banking Application
It’s important to be aware of the features that are typical for any banking application before you start testing. You can then focus your test efforts on achieving these qualities.
A typical banking application should have each of the qualities listed below.
Banks come to mind when anyone thinks of financial stability, and people rely on their bank accounts to store their money. Large businesses open accounts for the daily deposits of money made from sales of their products or services. In exchange, banks lend these companies money (a line of credit) at favorable interest rates so that they can expand their business. Money can be exchanged through banking in the form of cash and credit.
Internet banking, also referred to as e-banking or net banking, lists every service that banks can provide to their clients. Customers can use secure bank websites to access net banking services by logging in with their account number, customer identity number, and password. Bank websites are created with security as their primary goal. Access to the account details is kept private by sending an OTP (one-time password) to the customer’s registered email or mobile number. Whenever a user tries to make a financial transaction, the account statements are also sent to the customer’s registered email address. For the purpose of alerting and informing customers in the event that an unauthorized access or transaction occurs, an activity log of transactions made on registered email addresses and SMS (message) on mobile devices is available. By immediately reporting fraud to the customer support helpline, a user can reverse or reject any transaction that was not made by them, preventing any financial loss from occurring to their accounts. When operating banking portals, customer personal information is also protected in addition to financial information.
Based on the acceptance of certificates such as debentures, share investments, property deeds, or asset ownership documents as security, banks profit from the loan amount credited to large businesses. Depending on the market potential of the company and its capacity to pay off short-term debt with the proceeds from the sale of its assets Trade financing for letters of credit, financing for product export and import, forex, and derivatives are among the services provided by corporate banks.
Testers should be detail-oriented and able to envision use cases or scenarios that could result in incorrect transactions or fraud if they are testing banking and financial services applications. The tester needs to have a solid understanding of the rules and regulations governing finance and banking, as well as the RBI’s regulations for the financial sector.
Customers with bank accounts who use digital banking can use the internet at any time to access a range of financial services provided by retail banks. Viewing account statements, money transfers, online payments for purchases, confirming OTPs (one-time passwords) to confirm the account holder authenticated the transaction, applying for loans, credit cards, mutual funds, cumulative investments, etc. other services like ordering a chequebook, changing your password online, paying with a credit card, and viewing transaction statements
FAQ
What should we test in banking domain application?
- Verify that the user can access the bank website.
- Double-check if all the links on the website are working.
- Verify if the user is able to register for a new account.
- Check to see if the user can log in using a legitimate or invalid username and password.
What questions are asked for bank interview?
- Question 1: Brief me about yourself? …
- Why do you want to work in the banking industry, #2?
- What kinds of accounts are there in a bank?
- What paperwork does a person need in order to open a bank account, number 4?
What are the modules in banking domain?
It offers software for general ledger, accounts management, loans, advances, bills, clearing, miscellaneous (normal accounting), remittances, safe deposit locks, safe custody items, and transaction processing, among other things.
