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Banks and Financial Institutions See Unit Testing Solutions as Critical

Increasing number of global financial institutions are using unit testing, with or without TDD

Typemock, (http://www.typemock.com/) the leading provider and pioneer of easy unit testing solutions, announced that over 50% of the largest European banks and over 35% of global leading financial institutions consider unit testing critical and have implemented Typemock’s unit testing solutions. Unit testing is considered to be a best practice in software development and is used by financial institutions as a way of ensuring compliance with software standards and to prevent bugs. Institutions that rely on software for their core business see unit testing as a strategic necessity in order to ensure that their business runs.

In addition unit testing provides the ability to respond to business changes rapidly. This allows for changes to be made on time without QA processes slowing this down. Unit testing also ensures a 70-80 percent reduction in the time developers spend on debugging, leaving more time to write innovative software.

Unit testing is important in order to ensure regulatory compliance in the financial industry. For example, the Sarbanes-Oxley Act requires assurance of IT controls in electronic financial documentation as well as documentation of code coverage. A comprehensive testing plan, including unit testing, can ensure compliance with this important financial regulation. Unit testing also helps developers understand what the code is intended to do, ensuring that it can be designed to ensure compliance and help verify compliance.

Most CTOs, CFOs and development managers view unit testing as essential as it provides a faster time to market – while allowing full confidence in creating systems that work and comply with regulations. Programmers at financial institutions are increasingly developing complex and data-intensive systems that are required to manage numerous transactions which must be completed accurately and securely. It is the back and forth that occurs during the bug-fixing stage that is very time consuming. This means that developers have little time to write new creative code, resulting in low productivity.

Without unit testing, team managers responsible for new development frequently miss deadlines, make insufficient progress towards business goals and miss their targets. In order to deal effectively with this environment, financial institutions have applied unit testing practices. Unit testing improves debugging accuracy, enabling developers to increase their productivity, reduces technical debt, and release working code faster.

“I’m not surprised that such a large number of financial institutions are using Typemock’s unit testing solutions. Our solutions are already proven to be enterprise ready, professional, stable, and mature for many businesses as well as in the mission critical, money-sensitive business of the largest financial institutions in the world,” commented Eli Lopian Typemock‘s founder and CEO. “We have data showing that Typemock’s Unit Testing solution, Isolator, helps find between 80-90 percent of bugs before they reach the QA team, while providing a near 100% coverage result that is not attainable with other frameworks. In financial institutions, the result of something going wrong due to a bug or improperly tested code can be catastrophic. Typemock’s unit testing solutions ensure sure that the code is bug-free. I’m sure that we will see a growth in the number of financial institutions benefiting from the implementation of unit testing.”

For more information on Typemock Isolator please click here: http://www.typemock.com/isolator-product-page

About Typemock
Typemock was conceived in 2004 to help prevent bugs through unit testing.  Since the launch of the first version of Typemock Isolator in 2006, thousands of companies around the world, including multinationals Microsoft and Nokia, use Typemock tools to make unit testing easy and to prevent bugs. Typemock users are developers from a wide range of sectors – such as defence, medical, and finance – that demand exceptionally high standards of quality and minimum errors.  Isolator supports the easy unit testing of Silverlight, WCF, and all other .NET and C++ technologies.

More Stories By Josh Litvin

Yaniv Yehuda is the Co-Founder and CTO of DBmaestro, an Enterprise Software Development Company focusing on database development and deployment technologies. Yaniv is also the Co-Founder and the head of development for Extreme Technology, an IT service provider for the Israeli market. Yaniv was a captain in Mamram, the Israel Defense Forces computer centers where he served as a software engineering manager.

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