Financial services firms globally are investing strategically in enterprise mobile financial service solutions to deliver more mobile-based banking services and reduce the overall cost of operations. According to a recent survey by KPMG, mobile banking has already reached critical mass with 33% of US consumers conducting banking transactions over their mobile devices. This number is expected to significantly increase based on several trends. First of all, more consumers are becoming comfortable with the security of executing mobile transactions. Second is the continued penetration of smart phones and third is the rapid emergence of tablets as both a mobile device and in many circumstances, a replacement for standard desktops/laptops. (more…)

It’s rare for any major application or website to go live without going through performance testing. It’s an extremely important activity that requires effective planning and execution.  Based on our experience in implementing web applications including websites for global clients, we believe a well-planned approach to testing new web applications goes a long way in ensuring enhanced user experience. Below are 10 tips for planning and preparing for performance testing of a new website or a web application. (more…)

Over the past year, few technology developments have challenged IT staffs more than the mobility wave.  Two years ago it was the social phenomenon.  Now it’s mobile computing.  Virtusa’s BFS business unit has seen a surge in the number of inquiries regarding mobile.  And now, the questions are not about “if”, they are about “how”.  Here is a familiar scenario.

You’re a product manager in a major financial or commercial company and you have just gotten the assignment of launching a mobile version of your product. You’re thrilled but you’re terrified. Your mind is racing. Where do you start? Pour yourself an herb tea or some other relaxing drink, realize that it will not be easy, and start planning. Even the organizations that appear as though they are miles ahead of you have probably only “mobilized” a small subset of their potential offerings. A major bank, for example, may be offering some exciting consumer goodies but, if you knew the mobile product team, they would tell you they have barely scratched the surface. The same bank’s B2B offerings are probably still on the drawing board at best. (more…)