Mirantis announced the latest version of Mirantis Container Cloud -- MCC 2.23 -- that simplifies operations with the ability to monitor applications performance with a new Grafana dashboard and to make updates to Kubernetes clusters with a one-click “upgrade” button from a web interface.
For many businesses, pushing lightly tested updates to production and hoping that no errors will emerge is possible with minimal risk. However, for financial organizations, any error can have huge impacts on the business, and can deteriorate relationships with customers and users who have trusted the company with personal financial information. With this in mind, it is imperative that financial organizations employ quick and accurate application development to stay competitive and ensure customer satisfaction (and protect their customers and their brand).
Customers of financial organizations simply have no time to wait for system patches, so it' imperative that any software update has been tested extensively to ensure quality and stability of applications. In addition, knowing that these organizations operate in a highly regulatory environment, any slip up or accidental release of protected information can severely harm brand reputation and invite regulatory compliance investigations and penalties. With so much at stake, leaders of financial organizations are under increased pressure to ensure that software has been sufficiently tested and stressed tested before being rolled out.
In order to understand how financial organizations are using software testing, and the challenges they face with, Tricentis surveyed IT leaders from over 290 Fortune 500 (or global equivalent) financial organizations across the Americas, Europe, and Asia-Pacific.
High Testing Maturity
Key findings from the survey indicate that overall, financial organizations' testing processes are significantly ahead of their peer industries. Specifically, the survey revealed that financial organizations are 60% more mature in terms of execution strategy, and 46% more mature in their test coverage. Test coverage evaluates how well tests mitigate risk, so this is an impressive level of maturity compared to non-financial peer organizations.
Financial organizations are also 39% more mature in terms of testing in Continuous Integration, 36% more in terms of testing roles, and 34% more in terms of test management. Testing appears to be taken seriously at financial organizations and is conducted prior to the release of applications.
Another significant finding from the survey is that the insurance industry leads the pack in terms of test data management. Test data management is an often-underestimated pain of test automation and Continuous Testing. With a mastery of test data management, 23% of insurance teams achieve resilient test automation, a full 8% higher than the rate of those outside the financial industry. By conducting swift and rigorous tests often, the insurance industry and others position themselves to break through test automation plateaus and reduce opportunities for errors and wasted time by automating end-to-end scenarios.
These results suggest that the banking industry is adamant about staying on top of testing. 79% of banking teams run tests at least daily. That' a rate of 24% more compared to other financial teams, and 42% more than non-financial organizations.
The art of mastering elements of Continuous Testing appears to continue to elude most financial organizations. Automation, testing, and test environment strategy are a few of the tenets that have yet to be fully addressed. It' critical for financial groups to quickly assess any changes that could potentially break core functionality in the interest of maintaining strong customer, regulator, and stakeholder relationships. At the core of assessing these changes is having access to dependable test environments, along with integrating test automation into the DevOps pipeline.
However, financial teams face complex application stacks with everything from mobile to mainframe, countless integration points, all sorts of specialized message formats, daunting test data requirements, and a multitude of complex test environments that are difficult to spin up on demand — to name just some of their most pressing challenges. Given this, it' not surprising that financial teams seem to have more difficulty mastering these practices than their peers in other industries.
As financial organizations continue to automate and digitize, the need for quick and accurate testing for applications and software will only become more apparent. For Fortune 500 companies and global equivalents, this need will continue to manifest in the interest of reducing costly errors and being well-equipped for more digital waves throughout the financial industry.
Pegasystems announced updates to Pega Cloud supported by an enhanced Global Operations Center to deliver a more scalable, reliable, and secure foundation for its suite of AI-powered decisioning and workflow automation solutions.
D2iQ announced the launch of DKP Gov, a new container-management solution optimized for deployment within the government sector.
StackHawk announced the availability of StackHawk Pro and StackHawk Enterprise for trial and purchase through the Amazon Web Services (AWS) Marketplace.
Octopus Deploy announced the results KinderSystems has seen working with Octopus. Through the use of Octopus, KinderSystems automates its software deployment processes to meet the complex needs of its customers and reduce the time to deploy software.
Elastic Path announced Integrations Hub, a library of instant-on, no-code integrations that are fully managed and hosted by Elastic Path.
Yugabyte announced key updates to YugabyteDB Managed, including the launch of the YugabyteDB Managed Command Line Interface (CLI).
Ambassador Labs released Telepresence for Docker, designed to make it easy for developer teams to build, test and deliver apps at scale across Kubernetes.
Fermyon Technologies introduced Spin 1.0, a major new release of the serverless functions framework based on WebAssembly.
Torc announced the acquisition of coding performance measurement application Codealike to empower software developers with even more data that increases skills, job opportunities and enterprise value.
Progress announced a free online training and certification program for Progress® OpenEdge®, the flagship Progress application development platform.
Opsera announced five patents have been issued to enable enterprise engineering leaders and teams to gain unprecedented end-to-end visibility into their software delivery and accelerate the speed and security of delivery, all while maximizing their investment.
DuploCloud announced the general availability of its on-prem solution built on top of Kubernetes, focusing on containerized workloads with near term plans to integrate with on-prem compute, storage and networking vendors.
Postman announced the general availability of Postman Flows, a visual tool for creating API applications. Postman Flows simplifies building software by using APIs as the building blocks, allowing anyone to produce workflows, integrations, and automations in a collaborative environment without needing to write a single line of code.
SecureAuth announced an alliance partnership with HashiCorp®, enabling organizations to leverage SecureAuth’s advanced passwordless authentication and Multi-Factor Authentication (MFA) device recognition.