Tricentis Reveals Trends in How the World’s Top Financial Organizations Accelerate Testing

Mountain View, Calif. — July 20, 2021 — Tricentis, the world’s number one platform for modern cloud and enterprise applications, announced today the latest edition of its report, “How the World’s Top Organizations Test”, analyzing how financial industry leaders test the software their businesses rely on. For this analysis, Tricentis collected data from 110 Fortune 500 (or global equivalent) financial organizations – including banking, insurance, payments providers, financial services, and more – across Europe, the Americas, and Asia-Pacific.

The latest analysis in Tricentis’ broader longitudinal study on how the world’s top organizations test includes the following findings:

• Overall, financial organizations’ testing processes are 29% more mature than their peers in other industries and they are 2.5x more likely to have automated tests fully integrated into their CI/CD pipeline
• Test coverage at financial organizations is nearly 50% more mature than in other industries
• Financial organizations are more likely to start adopting critical continuous testing elements — but are less likely to have mastered them
• Banking organizations scored 42% better on test automation than organizations outside the financial industry
• Insurance organizations lead the pack in terms of test data management with their overall test data strategy being 63% more mature than those outside of the financial space

 

“Enterprise financial organizations are complex, highly regulated environments,” said Jori Ramakers, director of customer experience strategy at Tricentis. “Thoroughly testing their financial systems as they evolve at speed can be as dire as it is daunting. There’s absolutely no room for error. Even an easily overlooked ‘glitch’ could result in regulatory compliance investigations and penalties.”

“But if these systems were already difficult to test in the era of quarterly release cycles, what’s happening now that software is evolved in a matter of days… or even minutes? By exploring the latest testing trends in the financial industry, we aim to answer this question and more, and help organizations reduce their testing burden so they can release quickly to an increasingly competitive market.”

To learn how you can test like the top organizations and save time and money on testing, download the full “How the World’s Top Organizations Test” report here: https://www.tricentis.com/resources/how-the-worlds-top-organizations-test/.

About Tricentis

Tricentis is the global leader in enterprise continuous testing, widely credited for reinventing software testing for DevOps, cloud, and enterprise applications. The Tricentis AI-based, continuous testing platform provides a new and fundamentally different way to perform software testing. An approach that’s totally automated, fully codeless, and intelligently driven by AI. It addresses both agile development and complex enterprise apps, enabling enterprises to accelerate their digital transformation by dramatically increasing software release speed, reducing costs, and improving software quality. Tricentis has been widely recognised as the leader by all major industry analysts, including being named the leader in Gartner’s Magic Quadrant five years in a row. Tricentis has more than 1,800 customers, including the largest brands in the world, such as McKesson, Accenture, Nationwide Insurance, Allianz, Telstra, Moët Hennessy-Louis Vuitton (LVMH PCIS), and Vodafone. To learn more, visit https://www.tricentis.com or follow us on LinkedIn, Twitter, and Facebook.

Media Contacts:

Erica Coleman
Tricentis
e.coleman@tricentis.com

Ryan Schin
Matter for Tricentis
tricentis@matternow.com