Top Image Systems Named as a Vendor in Gartner’s IT Market Clock for Mobile Imaging for Banks, 2016
September 19 2016 - 8:04AM
Top Image Systems Ltd. (NASDAQ:TISA) a global
innovator of intelligent content processing solutions, announced
that the Company was listed as a vendor in numerous asset classes
in Gartner’s “IT Market Clock for Mobile Imaging for Banks, 2016”
published on 9 September by Stessa B. Cohen.1
The mobiFLOW mobile image processing platform and SDK developed
by Top Image Systems enables banks to support many workflows and
business processes focusing on customer experience, facilitating
digital transformation of existing processes and transactions.
Enabling mobile capture, recognition and processing of
structured and unstructured data in files of virtually any size and
format, the mobiFLOW platform is used by leading banks and
financial services providers for a variety of digital banking use
cases including mobile remote deposit capture, bill capture and
payment via mobile devices and mobile account opening and loan
initiation.
Gartner’s “IT Market Clock for Mobile Imaging for Banks, 2016”
finds that “mobile device imaging for banking uses the camera on a
smartphone or tablet to offer an opportunity to improve operational
efficiencies by bringing paper-based data into an electronic
transactional workflow earlier.” The research recommends that bank
CIOs and senior IT staff “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.”
The Market Clock names Top Image Systems as a supplier of mobile
capture technology and as a vendor in numerous asset classes
including New Account Opening, Add New Payee from Paper Bill and
Document Capture for Loan Applications.
“Top Image Systems is encouraged by the findings of Gartner’s IT
Market Clock for Mobile Imaging for Banks that as mobile banking
adoption continues to grow worldwide and mobile-based capture
solutions are maturing, banks can replace consumer actions that
started from paper-based transactions with digital mobile-based
transactions,” comments Carsten Nelk, Top Image Systems’ CTO. “We
believe that mobile-based transactions are critical to the
transformation of banking business processes and workflows and we
continue to invest in our mobile imaging capture platform mobiFLOW
to optimize mobile-based transaction speed and quality for superior
customer experience."
(1) Gartner, Inc. “IT Market Clock for Mobile Imaging for Banks,
2016” by Stessa B. Cohen, September 9, 2016.
About the Gartner IT Market Clock
Gartner's IT Market Clock is a methodology that supports
strategic investment and divestment decisions. It can be applied to
any IT product or service category. 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.
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.
Company Contact:
Shelli Zargary
Director, Corporate Marketing & Investor Relations, Top Image Systems
shelli.zargary@topimagesystems.com
+972 3 767 9114
Investors:
James Carbonara
Regional Vice President, Hayden IR
james@haydenir.com
+ 1 646 755 7412
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