Testing for fintech that moves money

FintechAssuranceLabs tests payment, banking, lending, trading, and finance SaaS products for the US, EU, and Canadian markets: payment flows, ledgers, calculations, integrations, security, and performance. Each FintechAssuranceLabs engagement produces evidence an auditor or partner bank can review, such as test evidence packs and reconciliation test scenarios.

Scope your testing See how we work

Start from the risk in front of you

RegulatoryAn assessment or bank audit is comingA PCI DSS assessor or partner bank asks for test evidence per requirement, and gaps found late delay the report or the programme launch.
Money movementBalances no longer reconcileA duplicate settlement line or a rounding break reaches customer balances, and every break needs a correcting entry and a regression test that stops a repeat.
VelocityReleases wait on regressionManual regression on payment flows holds back each release, and a skipped regression run moves money defects into production.

Security credentials

ISO/IEC 27001
Verified via SGS Spain, valid until 2030
SOC 2
Verified via Deloitte Spain, valid until 2030
PCI DSS, service provider level 2
Verified via A2SECURE, valid until 2030

Segments we test

The map groups segments in three layers: consumer fintech, B2B finance SaaS, and infrastructure and regtech. Marked segments need a licence or a partner bank for some or all money flows, so testing there includes the evidence a regulator or partner bank requests.

Licence required16
Licence for some flows4
Software only10

Consumer fintech

14 segments

B2B finance SaaS

10 segments

Infrastructure and regtech

6 segments

Consumer fintech14

B2B finance SaaS10

Infrastructure and regtech6

What you receive

Each engagement leaves artifacts with your team: suites that run in your CI and evidence your auditor or partner bank can review.

Test evidence pack per audit scope
Collects the test cases and run results for each requirement in the audit scope, including retests after fixes.
Requirement-to-test traceability matrix
Links each requirement of a standard to the test cases that verify that requirement.
Reconciliation test scenarios
Each scenario compares ledger entries with bank, processor, and scheme files and states the expected match or break.
SCA flow coverage report
Shows which login and payment flows trigger PSD2 Strong Customer Authentication and which exemptions the tests cover.
Payment flow map
Records every payment state, transition, and failure path from authorisation to settlement.
Defect log with financial impact
Lists each defect with the money flow that the defect affects and the monetary impact.

Sample: reconciliation test scenarios

An excerpt from a reconciliation test suite for card settlement and payouts. Each row gives a scenario, the expected ledger entries, and whether reconciliation must match or raise a break.

Sample, synthetic data

reconciliation test scenariosReconciliation test scenarios: card settlement and partner bank payouts

Reconciliation test scenarios: card settlement and partner bank payouts
ID	Scenario	Expected ledger entries	Amount (XTS)	Expected reconciliation result
REC-01	Processor settlement file repeats the settlement line for one capture	Dr Processor receivable / Cr Merchant payable, posted once	120.00	Break: the second settlement line has no matching capture and is flagged as a duplicate
REC-02	Partial refund on a capture that settled the day before	Dr Merchant payable / Cr Processor receivable	45.50	Match: the refund line matches the refund entry and the original capture stays settled
REC-03	FX rounding difference between the capture amount and the settled amount	Dr FX rounding expense / Cr Processor receivable	0.01	Match with a rounding entry when the difference is inside the configured tolerance
REC-04	Processor fee line missing from the settlement file	Dr Processing fee expense / Cr Processor receivable	2.90	Break: net settlement is lower than gross captures and a missing fee exception opens
REC-05	Chargeback reversed after the merchant wins representment	Dr Processor receivable / Cr Chargeback liability	80.00	Match: the reversal line clears the open chargeback entry
REC-06	Refund request retried after a timeout, with the same idempotency key	Dr Merchant payable / Cr Processor receivable, posted once	30.00	Break: the settlement file has two refund lines for one refund entry, and the second line is flagged as a duplicate refund
REC-07	Partner bank credits the payout one business day after the expected value date	Dr Partner bank cash / Cr Processor receivable	1,000.00	Match on the payout reference, with the value date difference logged as a timing item

Amounts use XTS, the ISO 4217 code reserved for testing. Account names are generic ledger accounts.

Who does the work

FintechAssuranceLabs is a team of 300 delivering from the US, EU, and Canada. Engineers work inside your release process and hand over the suites and evidence your team keeps.

Team: 300
Founded: 2020
Delivery locations: US, EU, CA

Security and PCI scope

FintechAssuranceLabs holds PCI DSS service provider level 2, verified via A2SECURE, valid until 2030. The security page describes data handling and engineer access in full.

Security, data handling, and PCI DSS scope

We use synthetic test data unless you approve masked data.
We run tests in isolated environments that are separate from your production systems.
Engineers get access only to the systems that the engagement needs, until the engagement ends.
We sign an NDA and a DPA before an engineer gets access to your systems or data.

ISO/IEC 27001
Verified via SGS Spain, valid until 2030
SOC 2
Verified via Deloitte Spain, valid until 2030
PCI DSS, service provider level 2
Verified via A2SECURE, valid until 2030

Questions

What is fintech application testing?

Fintech application testing verifies that software which moves or calculates money behaves correctly, including on failure and retry paths. The scope of fintech application testing covers payment flows, ledger and reconciliation logic, financial calculations, bank and processor integrations, security, and performance. Fintech application testing also produces test evidence against standards such as PCI DSS, PSD2 SCA, DORA, and SOC 2 for auditors and partner banks.

How to choose a QA partner for fintech?

Choose a fintech QA partner on five checks. Ask a fintech QA partner for sample deliverables, such as a reconciliation test suite or a test evidence pack. Check the QA partner's experience with the money flows and integrations of your segment. Check the partner's own certifications, such as PCI DSS and ISO 27001, when the work touches card payments. Confirm how the partner handles test data, environment access, the NDA, and the DPA. Confirm that the partner's engineers can work inside your CI and release process.

How much does fintech application testing cost?

Fintech application testing cost depends on the scope of the engagement. The main cost factors for fintech application testing are the number of money flows and integrations in scope, the standards that need test evidence, the share of regression to automate in CI, the environments and test data to set up, the release frequency, and the date of the next audit or launch. A written test scope gives the cost for a specific product.

Tell us what you release next

Send the money flows and the deadline in scope. You receive a proposed test scope with deliverables and effort.

Scope your testing