Financial Institutions Accelerate by 40% Software Time to Market

Service Virtualization Enables Dev Teams to Drive Measurable Improvements in Software Delivery

News Highlights

  • 40% acceleration in software time to market by implementing Parasoft Virtualize as financial institutions transition to CI/CD.
  • 33% increase in defects found and 74% decrease in critical defect escape ratio during QA/testing in organizations implementing service virtualization.
  • ING and Bank of America take full control of their test environments with service virtualization, allowing them to consistently meet quality goals, deliver applications on time, and keep testing on schedule.

MONROVIA, Calif. and CHICAGO, March 28, 2023 /PRNewswire/ — Parasoft, a global leading provider of software testing solutions, will be showcasing Parasoft Virtualize, its industry-leading service virtualization solution, at the upcoming QA Financial Forum in Chicago on April 4. Building on the recent QA Financial report, Parasoft is sponsoring this year’s Chicago event and expanding its presence in the financial application testing space. Automated software testing experts will be available to engage with financial organizations and share expertise on risk reduction and cost savings.

QA Vector Analytics' research shows that implementing service virtualization accelerates financial application software delivery by 40%, based on key performance indicators and project data provided by ING and Bank of America.
QA Vector Analytics’ research shows that implementing service virtualization accelerates financial application software delivery by 40%, based on key performance indicators and project data provided by ING and Bank of America.

Download the QA Financial report, which draws from data provided by more than 20 financial institutions and the experiences of Bank of America and ING, to learn how service virtualization has been proven to save development time and increase software quality.

Parasoft’s service virtualization technology has delivered measurable results and ROI for financial organizations such as ING and Bank of America. The recent QA Financial report recognizes Parasoft as a leader in software testing for financial applications. The report on virtualization and quality engineering provides valuable insights for organizations looking to:

  • Optimize their virtualization and quality engineering practices.
  • Improve software quality, reliability, and reduce time-to-market.
  • Collaborate and communicate between development, testing, and operations teams to achieve company goals.

“Using service virtualization, we increased control, reduced complexity, and managed costs for the testing environment while enabling effective change management,” said ING Mortgages Netherlands.

At QA Financial Forum Chicago, Northbridge Financial and WoodmenLife will participate in a panel session on April 4 at 12 p.m. CDT: “Deliver Software On Time & Under Budget With Service Virtualization.” Panelists include Pushpinder Malhotra, Senior QA Automation Manager at Northbridge Financial, and Danny Oslin, Senior Manager of Enterprise Automation Engineering at WoodmenLife. Kenny Austin, Chief Customer Officer at Parasoft is moderating. Malhotra will also be speaking in a presentation, “Containerization: The New Frontier in Automation at Northbridge Financial.”

“Our Forum events feature expert speakers from leading financial firms and some of the most exciting vendors of DevOps and software automation technologies. We’re delighted that Parasoft is one of our key sponsor partners for our 2023 conference schedule,” said Matthew Crabbe, CEO of QA Financial.

Parasoft’s leadership position in software testing solutions has been recognized by The Forrester Wave: Continuous Automation Testing Platforms, Q4 2022 report, naming Parasoft as a leader in continuous functional test automation. Download an excerpt of the report here.

Contact Parasoft to learn more about solutions for financial software testing and service virtualization. You can visit Parasoft at the QA Financial Forum in Chicago.

About Parasoft 

Parasoft helps organizations continuously deliver quality software with its market-proven, integrated suite of automated software testing tools. Supporting the embedded, enterprise, and IoT markets, Parasoft’s technologies reduce the time, effort, and cost of delivering secure, reliable, and compliant software by integrating everything from deep code analysis and unit testing to web UI and API testing, plus service virtualization and complete code coverage, into the delivery pipeline. Bringing all this together, Parasoft’s award winning reporting and analytics dashboard delivers a centralized view of quality enabling organizations to deliver with confidence and succeed in today’s most strategic ecosystems and development initiatives — security, safety-critical, Agile, DevOps, and continuous testing.

SOURCE Parasoft

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