Now that digital transformation is the new normal for banks and financial services organisations, Temenos has become much more than a core banking system. The Temenos digital core serves as the central nervous system of the “intelligent enterprise” and taking full advantage of digital transformation opportunities involves migrating to the latest Temenos releases and moving Temenos deployments to the cloud.
This promises immense benefits, but a significant amount of change is required, especially for banks with a lot of custom code and integrations. A migration project might have a discrete completion date, but here the change is continuous. Temenos will continue to release new innovations at an unprecedented pace.
Traditional testing methods are not comprehensive and accurate enough to test massive Temenos migrations and upgrades, and cannot keep up with the new pace of innovation. In the case of on-premise implementations, the clients that were not able to test their upgrades fast enough could always defer upgrades and patches as needed. That’s not an option now that updates are rolled out automatically. For cloud, upgrades are issued on a more frequent basis leaving less time for testing before go live.
A new approach to testing is essential to enable Temenos clients reduce the time and risk to modernise their platforms and adopt cloud-based offerings and keep up with innovation and the accelerated pace of updates that will be the new normal.
6 core benefits of using Validata for Temenos Upgrade testing
Validata with its seamless integrations to legacy and new Temenos releases enables easier testing and more advanced automation across the complete Temenos software stack, including Infinity, Transact, and channels and all and its extended capabilities.Clients can de-risk and accelerate project success from single upgrades to multiple roll-outs, both cloud and on-premise, and achieve the following six core benefits:
- 20x faster testing. We help our clients make faster quality releases a reality, accelerating their Temenos innovation, including Exploratory Business Testing, Performance Testing and UAT.
- 90% improved risk coverage. Clients are able to test more using the minimum number of tests required to achieve the maximum test and business risk coverage.
- Reduced costs by 50%. Testing costs are reduced by 50% or more, enhancing ROI and making automation a viable investment.
- Faster Financial Reconciliation and Audit. Standardised processes and integration of both balance-level and transaction-level data, ensuring accounting consistency, accuracy and correctness
- Environments Management and comparison. Validates the consistency and integrity of the environments, identifying errors and mismatches between environments.
- Close-of-Business automation and end-of-day checks.
Test your Temenos upgrade project with resilience and performance
Validata provides a single platform for end-to-end testing across Temenos and non-Temenos applications, with hyper automation capabilities. It combines AI, RPA, and analytics as well as technologies such as natural language processing (NLP), workflow orchestration etc, setting a new benchmark for testing user experience and digital change, eliminating data bottlenecks and delivering self- learning test automation.Our risk-based testing approach powered by no-code, model-based test automation, smart test data management and provisioning, service virtualization, analytics etc, enables Temenos clients to control risk, delivering on the promise of full automation and predictive analytics to unlock and accelerate their upgrade and digital transformation initiatives.
With Validata’s model-based test data management solution driven by requirements and powered by AI and machine learning, users can instantly synthesise and create complex data sets based on business rules and constraints and with different combinations and permutations. Leveraging AI, it is able to intelligently recommend data sets that best fit your test scenarios and suggests next-best-actions, addressing data privacy and compliance issues with data masking at the same time.
Through AI-powered Live Impact Analysis Validata can discover all the changes from the development environment and identify the most-at-risk areas that you need to test, reducing the test scope by up to 85%. You maximise the test coverage by 100% with just 20% of the effort. By identifying what has been impacted, you are able to test only what is needed without compromising the quality. This accounts for reduced cycle times, reduced resource requirements per cycle and faster upgrades.
Validata performs Reconciliation, as part of the upgrade, between aggregated amounts per area/product in the source systems and the total of this area/product in GL Level in the main system, to ensure that both financial and non-financial data are mapped in the new software release. Our approach is flexible, robust and with no dependency on Temenos or any other GL system as the extraction is independent.
In the context of an upgrade scenario, performance testing is also essential to ensure that the system’s performance is maintained or improved by the upgrade. Validata’s brings to light shortcomings and failings in the applications’ performance such as response time problems; it identifies all design issues and performance bottlenecks well before production, and ensures that the bank’s applications are reliable before they go live.