UNVEILING EFFECTIVE TESTING AND MONITORING STRATEGIES: CASE STUDIES FROM LEADING BANKS

Abstract

In summary, this article has explored the significance of an appropriate testing and monitoring strategy would play in the banking industry. According to the textual analysis, testing and monitoring are essential strategies for improving customer experience, enhancing regulatory compliance, optimizing enterprise governance, risk, and compliance design and developing fit-for-purpose banking applications. With a situational analysis on various banks’ testimonial success stories on how systematic testing and monitoring have helped secure their clients’ data and comply with the regulatory and legislative frameworks, this article underscores that systematic testing and monitoring can cut down the long-standing huge operational costs and enhance customer experience. The textual analysis explained the various banks implementation styles and testing and monitoring as strategic tools that ensure they have a competitive advantage and are averse to human cyber mistakes.