TEL AVIV, Israel and PLANO, Texas, Oct. 26, 2015 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, announced today that TIS is proud to showcase its mobile imaging for banks platform and mobile-camera-initiated apps in Booth 2341 at Money 20/20, the largest global event focused on payments and financial services innovation for connected commerce, being held from October 26 – 29 in Las Vegas.
In the IT Market Clock for Mobile Imaging for Banks, 2015* published by Gartner, written by Stessa B Cohen on August 31, 2015, Gartner recommends that bank CIOs and senior IT staff responsible for mobile initiatives “focus on mobile imaging platforms and avoid one-off mobile imaging apps unless they can be integrated to a platform.” Gartner in this report further recommends that banks “focus first on achieving operational efficiencies. Start with projects that digitalize existing bank processes that require customers to submit paper applications or documents that are then processed in the back office. Consider projects that combine mobile with other channels, such as branch-based or online-banking-based services, giving customers more flexibility.“ They should also “Evaluate vendor providers that support workflows and a variety of customer use cases across the bank that can bring these documents, images, photos and transactions into the bank’s existing processes and workflows.”
Gartner cites Top Image Systems as a selected vendor in all ten technology asset classes included in the IT Market Clock for Mobile Imaging. Top Image Systems encourages the payments and financial services professionals attending Money 20/20 to heed Gartner’s recommendations. We warmly invite you to the TIS booth to learn more about the powerful TIS MobiFLOW mobile platform and series of integrated apps that digitalize existing bank processes, “moving consumer actions from paper-based tasks to mobile self-service,” while fully integrating mobile with other channels.
Via our robust and flexible mobile platform and SDK and our preconfigured self-service MobiCHECK, MobiPAY and MobiENROLL apps, TIS both collaborates with large financial service providers to offer customized joint solutions and in parallel delivers to banks, credit unions and other financial institutions single apps that digitize specific bank processes. TIS mobile image capture technology is deployed by customers in all areas of the bank and across all lines of businesses, especially for document-intensive processes in credit cards, loans and mortgages.
TIS’ mobile customers, in sync with Gartner’s findings, are gaining important benefits by digitizing processes via mobile. “Out of the success of mobile RDC and the increasing consumer appetite for mobile-based banking services, both vendor providers and bankers have realized the opportunity to use (mobile) devices to push the digitization of many business processes and bank transactions to the customer, both consumers and businesses. This digitalization can increase operational efficiencies, reduce the cost of in-house processing, shorten the time to revenue and improve the customer’s experience of processes that are important to acquisition and retention such as new account opening and loan applications.”
Our experts will be on-hand at Money 20/20 to discuss your payment and financial process challenges and consider how you can leverage TIS mobile and multichannel technologies to digitalize and transform a variety of business processes, from “bill pay from paper bill to existing payee”; “adding a new payee from a paper bill” and “document capture for loan applications” and through to “mobile commercial and consumer remote deposit capture”. In Figure 4. IT Market Clock Recommendation Summary, for Mobile Consumer Remote Deposit Capture the recommendations indicate “Functionality is becoming standardized across providers and is more commonly available from providers. Evaluate options to replace these solutions with a platform that supports a wide variety of mobile imaging technology assets.”
“As a recognized thought leader in the emerging and growing mobile imaging for banks market, TIS is proud to again this year be a player at the world’s biggest payments and financial services innovation event Money 20/20,” commented Bob Fresneda, President, TIS Americas. “As we continue to invest in our industry-leading patent-pending on-device mobile capture and quality analysis capabilities and flexible, scalable mobile platform, we are attracting more and larger financial service providers and top banks.”
Continued Mr. Fresneda, “We imagine that IT and business leaders that rely on Gartner’s IT Market Clocks, Hype Cycles and similar tools to evaluate and prioritize their IT investment and divestment activities are making smart choices; we are confident that TIS will experience an accelerating mobile capture growth trajectory in alignment with the positive growth forecasts for this sector published by a wide variety of leading industry analysts.”
TIS warmly invites attendees to meet with the TIS team during the event. To guarantee time with one of TIS’ process experts, attendees are encouraged to schedule an appointment in advance by sending an e-mail to TIS-US@topimagesystems.com.
* Gartner IT Market Clock for Mobile Imaging for Banks, 2015, Stessa B Cohen, 31 August, 2015
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS’ flagship eFLOW platform and diverse business process and mobile image processing solutions are marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at http://www.TopImageSystems.com for more information.
Top Image Systems Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects,", "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.