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Adoption of AI and ML across the banking, financial services, and insurance (BFSI) or the Financial technology (Fintech) industry space is advancing at an unprecedented rate. And simplifying the customer journey is currently the prime focus of any financial or banking institution. Banking is all about speed and security u2013 hence there is the need to deliver rapid upgrades to existing products and services and launch new offerings to meet the ever increasing customer demands. <br>
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Top 5 Reasons Why You Need AI Testing in Financial Sector Adoption of AI and ML across the banking, financial services, and insurance (BFSI) or the Financial technology (Fintech) industry space is advancing at an unprecedented rate. And simplifying the customer journey is currently the prime focus of any financial or banking institution. Banking is all about speed and security – hence there is the need to deliver rapid upgrades to existing products and services and launch new offerings to meet the ever increasing customer demands.
Potential vulnerabilities of Fintech Data Confidentiality and Security Breaches Strong Regulatory compliance Complicated Transactions Processing Lifecycle Application availability to all potential users. Compatibility with a range of devices, platforms, networks, and operating systems
The Equifax Catastrophe Did you know that Equifax curtailed their regression and as a result did not discover a security vulnerability? This resulted in a data breach that exposed the personal information of 147 million people! Security experts found an unknown hacking group trying to find websites with security flaws so as to find a system to exploit. Banking security is always top-notch. This article examines how embracing Webomates’ Intelligent Automation Testing powered by AI and ML technologies helps to keep your system safe and secure. The only industry with a higher security can be the Department of Defense… And we help them keep their systems secure too!
AI Based Test Automation Tools — With AI-based automated testing, you can increase the overall depth and scope of tests which results in overall software hence it increases the quality of the software. Explore more at : https://www.webomates.com/