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Enhancing the quality of banking technology platforms through a hybrid AI testing approach
Journal of Digital Banking,
9
(1),
86-95
(2024)
Abstract
In the dynamic landscape of the banking sector, marked by increased operational complexity and regulatory scrutiny, the pursuit of innovation demands a strategic orientation. While offering advantages in cost, quality and speed, this strategic approach to innovation should mandate a cautious consideration of the risks inherent in the integration of emerging technologies. With the continuous advancement of artificial intelligence (AI), particularly generative AI (GenAI), as a method for emerging banking technologies, its wider adoption in the financial industry demands careful consideration of associated risk implications. This paper advocates for a software testing approach that delves into the complexities of banking technology platforms by leveraging generative algorithms to attain extensive test coverage and simultaneously employs rule-based analytics to refine the generated datasets, optimising coverage for faster execution and efficient resource utilisation. Such an approach is in line with a risk-averse innovation strategy, as it balances out the smart creativity of novel GenAI methods with a rule-based discriminative potential of more established symbolic AI methods. This paper serves as a position paper, contributing to the discourse on the integration of innovative testing methodologies in the banking domain.
Keywords: banking technology; software testing; artificial intelligence; AI
The full article is available to subscribers to the journal.
Author's Biography
Iosif Itkin is Co-founder and Co-CEO of Exactpro, a specialist firm focused on functional and non-functional testing for complex, distributed, non-deterministic and artificial intelligence platforms. Founded in 2009, Exactpro now has offices in nine countries and provides services to exchanges, clearinghouses and financial market infrastructures in more than 20 countries. From May 2015 to January 2018, Exactpro was part of the Technology Services division of the London Stock Exchange Group (LSEG). In January 2018, Exactpro’s founders completed a management buyout from LSEG. Iosif manages business development and research in the field of high-load trading systems reliability. He is actively involved in delivering strategic software testing initiatives. Iosif has organised several industry conferences, including EXTENT — a Software Testing and Trading Technology Trends Conference — and frequently speaks at FinTech events worldwide. Iosif started his professional career in 2000 as a software engineer in a US-based software development company and moved into software testing in 2006.
Elena Treshcheva is a program manager at Exactpro, an independent software testing services provider for financial market infrastructures. Elena’s areas of responsibility include technical documentation and research, and she is also frequently involved with the firm’s educational initiatives. Elena joined Exactpro in March 2017 as a QA analyst focused on post-trade systems and market data processing. In 2018, she transitioned to research and business development. In 2021, she became responsible for the firm’s technical documentation practice. Prior to Exactpro, Elena worked in academia. She started her career in 2008 as a postgraduate student and assistant professor in general and applied linguistics. After obtaining her PhD in 2012, she secured the tenure of an associate professor in general and computational linguistics. From 2010 to 2014 she also served as the head of a university research laboratory, where she was responsible for digital corporate projects.
