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Why should Financial Institutions and Payment Service Providers use a no-code API test tool to automate their testing?

August 28, 2023


In today's digital landscape, APIs drive transactions and innovation. But how do Financial Institutions (Fis) and Payment Service Providers (PSPs) ensure performance, security, and compliance?

Uncover the solution: no-code API test tool.

Explore its benefits and real-world case examples that showcase its impact on seamless deployments and industry compliance.

A no-code API test tool thoroughly test APIs for functionality, reliability, performance, and security before going for certification. It should also allow you to configure test cases to suit your needs.

Let's take a closer look at the benefits of using a no-code API test tool.

Benefits of using a no-code API test tool 

  • Zero Scripting skills
  • Zero time spent on Sanity Test Case Creation
  • More focus on pending test cases
  • No time spent on Industry/ Library Compliance
  • Ease-of-use to define Multiple steps for nested API
  • Automated testing with robust validation, reducing testing time significantly.
  • Flexible design to accommodate new modules and enhancements.
  • Confidence in solution compliance with EMVCo and scheme specifications.
  • Debugging before testing through independent reference applications.
  • Faster on boarding of merchants, removing manual debugging efforts.

What should you be aware of while choosing an API test tool to ensure your API app security, reliability, and confidence?

  • It should simulate module under test, logs, and test case results on a single screen.
  • Have options for enhanced log analytics.
  • Should have options for importing additional test scripts with machine-readable support.
  • Includes features such as back-end testing, performance testing, and security testing capabilities.
  • Should have options to extend functionalities in the reference app.
  • Third-party on boarding and certification support.
  • Reporting should be comprehensive.
  • Ensure that UI/ UX is intuitive.
  • Get going with Test Automation with or without Logger integration
  • Should have lesser turnaround time for API readiness
  • More focus should be on business validations rather than spending time on test life cycle adherence

Now let's look at the case example of an EMV SRC (Secure Remote Commerce) and LSPs (Loan Service Providers and lenders) in implementing a no-code test tool for testing their APIs.

Case Example 1: Merchant SDK Testing Solution 

A leading payment provider wanted to launch an innovative click-to-pay (Secure Remote Commerce) solution for merchants. They needed robust testing before integrating it.

Using our API test platform, we developed a cloud-based solution for SRC SDK and DCF (Digital Card Facilitator) testing. We wrote all the test cases that ensured compliance with EMVCo specifications and payment provider requirements. Their certification team used this test tool to certify the SDK before being given to the merchants. 

Using our platform, we ensured automated log capturing and real-time validations, providing them confidence before the merchant SDK rollout. The entire solution was delivered in just 12 weeks!

Some of the benefits that this tool brought to this payment provider:
  1. Workflow management for member testing, certification testing, and lab testing
  2. End-to-End API functional test tool
  3. Faster rollout to production
  4. Identify if the API server follows the Open API specification
  5. You can view all logs and request/ response details in a user-friendly view
  6. No technical experience is needed for the payment provider
  7. Include most of the validation libraries and libraries for ISO-8583 and PSD2.

Case Example 2: How a no-code API functional test tool helped LSPs and Lenders in bringing their product to the market?

The customer is an alliance of ecosystem players that regulates, certifies, and helps lenders and Loan Service Providers (LSPs) to enroll with OCEN - an open API platform framework that enables LSPs to embed credit offerings in their apps and access a network of financial institutions. Borrowers can get loans at competitive rates and repay through cash flow.

With our expertise in the implementations such as SRC and Open APIs, we built an API test tool to simulate the Loan Service Provider (LSP) to certify and the lender before going live. Simulating and testing the LSPs was carried out in line with the OCENs API specifications.

APIs are making it easy for fintech's to roll out solutions in the market faster. To ensure the solutions' reliability, scalability, security, and functional compliance, you must test them with a state-of-the-art API-testing tool that doesn't require the technical nous to use.

This is precisely what we help our customers with.

Karthik Gowrishankar

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