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Perpetually Adaptive Enterprise
At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.
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Banking
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Banking Services Transformation: Unlocking Exponential Value
TCS’ solutions help banks and FIs push traditional boundaries and build cognitive banking enterprises for better value, resilience, and inclusivity. Learn more.
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The blog provides a sneak peek into the world of Surety Bonds and its applicability to International Trade business. Importers/Exporters, Trade Finance Bankers and other Trade Finance stakeholders will benefit from this article.
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Transitioning to next-gen payment capabilities
With evolving customer demands and regulatory environment, payment infrastructure needs to be augmented with next-gen capabilities to enhance real-time payments, adopt contactless payments, and ensure the availability of a robust payment ecosystem.
Banks and financial institutions must rejig the payment test function across various elements to transition to next-gen payment capabilities.
Some crucial aspects to be kept in mind while defining and executing the test strategy include:
- Test transformation readiness: Set imperatives, priorities, and structures
- Comprehensive impact view: Review target payment platform requirements with comprehensive impact and gap analysis
- Fit-for-purpose test strategy: Define a complete strategy for testing that spans ecosystem and platform change while factoring in risk assurance
- Test environment and data synchronization: Ensure alignment between test data and test environment
- Real-time processing: Define a testing plan for real-time payment processing
About the author
Image of Dhiraj Lokhande
Dhiraj Lokhande
Dhiraj Lokhande is an advisor and architect in the Technology and Transformation Advisory function of the Banking, Financial Services, and Insurance (BFSI) business unit at TCS.
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