Core banking systems are the linchpin of financial institutions’ IT infrastructure, and system failures can incur substantial losses, necessitating load testing in many banks.
We bring significant expertise in load testing components such as loan and deposit servicing, payment transactions, ATM networks, card processing, and Internet banking.
Our proficiency extends to both retail and investment banks, with over half our projects dedicated to this area.
Core banking
Core banking performance testing
Stats don’t lie
Failed payments are estimated to cost the global economy approximately $118.5 billion annually.
This estimation is based on a study, which involved responses from 240 organizations across the banking, financial, fintech, and corporate sectors.
This estimation is based on a study, which involved responses from 240 organizations across the banking, financial, fintech, and corporate sectors.
The cost of failed payments varies significantly based on the type and size of the organization.
The average bank spent a little over $360,000 in 2020 on failed payments, including fees, labor, and costs related to customer attrition.
The average bank spent a little over $360,000 in 2020 on failed payments, including fees, labor, and costs related to customer attrition.
The average non-bank financial institution (NBFI) spent nearly $220,000.
Averages also differ based on the size of organizations, ranging from below $40,000 for companies with revenue below $10 million to over $20 million for the largest banks globally.
Averages also differ based on the size of organizations, ranging from below $40,000 for companies with revenue below $10 million to over $20 million for the largest banks globally.
Corporations spent somewhat less, with averages just over $200,000.
When you might need it
At PFLB, we provide an extensive array of testing services, such as post-merger/acquisition validation, ongoing performance testing for system updates, performance enhancement, and go-live assurance.
Post-merger/acquisition validation
This type of testing is imperative after a merger or acquisition.
It ensures that the newly integrated infrastructure aligns seamlessly with your business objectives and doesn’t hinder productivity.
It ensures that the newly integrated infrastructure aligns seamlessly with your business objectives and doesn’t hinder productivity.
Ongoing performance testing for system updates
In the dynamic landscape of core banking systems, regular performance testing is indispensable.
It ensures that your systems maintain peak productivity with each update or modification.
It ensures that your systems maintain peak productivity with each update or modification.
Performance enhancement
Sometimes, your core banking system’s performance may not meet expectations, and immediate action is required.
This includes identifying and eliminating bottlenecks, optimizing resources, and fine-tuning processes to enhance overall efficiency.
This includes identifying and eliminating bottlenecks, optimizing resources, and fine-tuning processes to enhance overall efficiency.
Go-live assurance
The successful launch of new systems is critical to guarantee their proper functionality.
Go-live assurance involves a series of tests and validations to ensure that the new system operates smoothly and without any hitches.
Go-live assurance involves a series of tests and validations to ensure that the new system operates smoothly and without any hitches.
What we could offer you
Enhance your banking systems performance with our diverse testing services. From capacity planning to load testing and seamless integration into development processes, we provide support for existing projects and manage test data for a reliable testing experience.
We assess business growth, proposing productivity calculations with a focus on banking operation types and volumes.
We identify nodes prone to higher loads, create a capacity plan, and evaluate the existing system’s ability to handle business expansion, pinpointing potential bottlenecks.
We identify nodes prone to higher loads, create a capacity plan, and evaluate the existing system’s ability to handle business expansion, pinpointing potential bottlenecks.
We conduct thorough load testing on banking systems to gauge their performance under varying user and operation volumes.
This ensures the system’s reliability and performance under varying workloads.
This ensures the system’s reliability and performance under varying workloads.
We pinpoint bottlenecks, enhance responsiveness, and provide actionable recommendations to ensure a smooth user experience.
We can set up PFLB for developers, seamlessly incorporating performance testing into your CI/CD pipeline.
Our team also offers training and support to assist your development teams in adopting best practices for performance testing.
Our team also offers training and support to assist your development teams in adopting best practices for performance testing.
If you’re currently using LoadRunner or JMeter for testing and prefer to stick with these platforms but need assistance, we can effectively manage your testing projects in those environments.
Our expertise covers creating, maintaining, and provisioning test data to meet your specific business requirements.
Whether it’s synthetic data generation or data masking, we offer tailored solutions for a seamless testing experience.
Whether it’s synthetic data generation or data masking, we offer tailored solutions for a seamless testing experience.
Learn more about the process
A well-defined process is fundamental to success.
- 01
Preparation and planning
- Create a load testing plan emphasizing resource-intensive operations and SLA expectations.
- Develop testing scripts and deploy emulators.
- 02
Infrastructure setup
- Prepare test data and configure the test infrastructure.
- Set up cloud usage monitoring.
- 03
Performance testing and analysis
- Execute the load tests and monitor the results.
- Conduct correlation analysis, map resource usage, and identify code fragments causing issues.
- 04
Optimization and reporting
- Recommend ways to optimize the system, including alternative architectural solutions.
- Form a detailed report with optimization recommendations and conduct control testing after changes have been made.
Learn more about our work process
How we workAnd hear how we could help you
Get a quoteLet us know about your needs
We can give you an access to the platform, we can provide multiple services, we can do all of it if the situation needs a far more complex approach.
Get a quote You’ll hear back from our tech account manager in one day if not sooner
Get a thorough report
Sample report
You will receive a comprehensive report that summarizes all the issues uncovered during testing.
This report includes visualized metrics and recommendations for performance optimization. Each instance of resource overconsumption by the application will be thoroughly detailed, including its business impact, the responsible component, and the specific system section involved.
This approach allows you to identify the operations utilizing the most resources and isolate the component and code section responsible for the issue.
This report includes visualized metrics and recommendations for performance optimization. Each instance of resource overconsumption by the application will be thoroughly detailed, including its business impact, the responsible component, and the specific system section involved.
This approach allows you to identify the operations utilizing the most resources and isolate the component and code section responsible for the issue.
We configure the test project and infrastructure in various ways, such as in the client’s DMZ, using the PFLB cloud, or a hybrid approach. In the hybrid model, we leverage the PFLB platform and oversee testing from our cloud, offering you cloud access via our website. Meanwhile, the load generators are positioned on your local network.
This setup allows you to easily rerun tests and obtain reports for independent analysis of new application releases.
This setup allows you to easily rerun tests and obtain reports for independent analysis of new application releases.
We will provide you with a report on the bottleneck analysis and recommendations for optimization.
If our objective was to implement in CI/CD, the outcome will be a tailored integration into the development pipeline.
Hire the best team possible
Meet our experts
Your project is handled by a dedicated team of specialists who offer comprehensive support throughout every phase of the work.
We carefully select each team member, considering their extensive experience and how well they align with the specific requirements of your request.
Yuri
CEO
Boris
Principal performance engineer
Vik
Product manager
Cloud
Cooperation is a cornerstone of every successful project.
To enhance productivity, we appreciate your assistance in the following ways:
Granting access to the test environment.
Engaging with your software engineers.
Involving application developers in code optimization.
Pay any way convenient
To offer you the most competitive pricing for our cloud cost optimization service, we assess costs on a project-specific basis.
This approach takes into account the distinct characteristics of each system.
The pricing typically aligns with factors such as the number of load profiles, types of functionality tests, and the specific devices requiring testing and emulation.
Billing options we have:
Fixed-price
Time-and-material
Let’s talk money
We’ll get you an offer after a 30-minutes consultation about your needs and expectations.
Get a quote No hidden fees, no credit card needed
See what we could achieve together
Eliminate software limitations to scaling your business
Prevent hidden profit losses associated with performance issues
Avoid performance degradation with each new release
PFLB’s performance testing was instrumental in resolving all performance issues pre-launch. Their seamless collaboration, skilled team, and timely delivery are commendable.
Evgeny Nasonov
COO at Diffco US, Inc
PFLB conducted extensive load testing on our software, simulating high user loads to evaluate performance, identify bottlenecks, and optimize the system’s responsiveness. Finally, they provided actionable recommendations to improve scalability and optimize resource utilization.
Our client
Insurance company
PFLB’s rapid load testing was a lifesaver on our tight launch deadline. Their expertise ensured our site could handle high sales seamlessly. Highly recommended!
Pankaj Mor
Tynor’s Chief Information Officer
PFLB’s load testing expertise played a critical role in uncovering performance limitations and bottlenecks in our educational platform project. Their meticulous approach and ability to adapt the testing methodology led to valuable insights, ensuring informed decisions for the project’s future development.
Our client
Communication services company
PFLB’s expertise in Wi-Fi load testing for in-flight entertainment systems proved invaluable. Their innovative approach and problem-solving skills led to the discovery of critical issues, ensuring passenger satisfaction and avoiding reputational harm.
Our client
Media company
PFLB professional services are absolutely amazing! They really come through for us when we’re struggling with performance issues.
And it’s not just about testing – they go the extra mile to help us tune things up and save money on our cloud expenses.
Luc Richner
CEO, Cannavigia
Bank Increases Load Capacity by 450% to Deal with Business Growth
Oct 3, 2022
Our client’s bank was absorbing other banks, and the number of individual clients was growing. The system was not ready for expansion or integration. The owners started to suspect bottlenecks when problems with paying salaries to corporate clients’ employees arose. As a result, in the next pay period, the load on the system increased dramatically, and the system got overloaded. People did not get their salaries in time, as the system crashed.
Core Banking System Test Automation
Feb 12, 2020
PFLB offers expertise services on automated testing of the core Banking System improving the quality of the product and allowing the customers to keep time frames and costs under control.
Banking Application Testing: Benefits & Use Cases
Sep 4, 2019
As a rule, software testing has a unified set of principles and standards that stay true for all industries. However, there are a few areas that require extra dedication and commitment as well as attention to security issues. In the banking domain it is especially necessary. If you don’t know how to approach banking application […]
Get all the tech expertise and industry knowledge for optimizing your system
Get a quote You’ll hear back from our tech account manager in one day if not sooner.
What else we could be helpful with
In addition to core banking systems performance testing, we provide support for a range of systems, such as call centers, SAP, and hardware optimization.
Our aim is to assist you in achieving your goals efficiently while maintaining peak system performance.
Our aim is to assist you in achieving your goals efficiently while maintaining peak system performance.
Explore other systems we can test and optimize:
Mobile application
01
Ensure your app handles downloads smoothly. Test under controlled conditions to preemptively fix performance issues.
IVR
02
Assess IVR systems for optimal performance during peak call volumes, crucial for call center-dependent businesses.
SAP
03
Ensure reliable SAP performance for enhanced business productivity with seamless implementation and proactive tuning.
Enterprise
04
Expertise in managing vendor-specific and custom enterprise systems for enhanced employee productivity.
Hardware
05
Before investing in high-end hardware, assess performance capabilities for informed decisions.
Website
06
Fast websites enhance impressions and business growth. Conduct load testing for consistent high performance.