Systems | Development | Analytics | API | Testing

Core Banking and Digital Banking transformations are the highest-stakes projects in finance, yet up to 55% of these programmes fail to meet their objectives, budget, or timelines. The problem is rarely the technology or application itself; it is the Assurance Model failing to control the systemic risk of integration, data, and governance. Testhouse has been embedded in recent large-scale core banking migrations, witnessing firsthand where the critical risks lie and, crucially, how to prevent them.

The UK remains a global powerhouse for financial technology, driven by the maturity of Open Banking and the competitive landscape of challenger banks. However, this growth has come under the microscope of the Financial Conduct Authority (FCA). For FinTech and payments firms, the challenge is clear – how do you maintain the rapid velocity of a digital native while upholding the rigorous standards of a highly regulated environment?

Every boardroom in any company that is transforming its systems should be asking the same question: How long before our next ERP release? When that timeline stretches because of QA delays, the consequences are not just technical – they are strategic. Release schedules slip, budgets escalate, and stakeholders begin to lose faith. Quality assurance is not merely a phase. It can be the difference between being a market leader and lagging.

The growth in the ERP SAAS space has seen a 17% increase in the last year projected to increase to $62 billion in 2028. Customers prefer to take the enterprise route to manage their business. The hassles of maintaining custom applications, adapting to change at pace to meet the competitive edge and flexibility to provide their customers the best experience are some of the driving factors.

Banking transformation is one of the highest-stakes projects many financial institutions undertake. Whether you are replacing or upgrading core banking systems, launching new digital channels or shifting to cloud-native operations, the risks are many – and the failure rate remains alarmingly high. Recent industry studies suggest more than 55% of banks cite legacy core banking limitations as holding back their digital goals.