Financial Institutions Worldwide Are Choosing Top Image Systems’ mobiFLOW to Drive Mobile Capture Adoption
April 20 2016 - 9:26AM
Top Image Systems Ltd. (NASDAQ:TISA), a global
innovator of intelligent content processing solutions, announced
today that the company sees continued interest from banks and
financial service providers in the mobiFLOW mobile image processing
platform and the applications it drives. Some recent
deployments include a project at a U.S.-based digital bank, where
mobiFLOW will be used to streamline the enrollment of new customers
via digital capture of customer drivers’ licenses and other forms
of personal identification; a pilot at a leading retail and
consumer bank in Belgium where mobiFLOW will be integrated to
process all documents submitted via mobile loan request
applications; and a number of mobile check deposit implementations
at leading UK banks.
Top Image Systems is seeing steady growth in mobile image
processing through banks, credit unions and other financial and
payment providers seeking to attract millennials with convenient,
integrated mobile banking apps that take advantage of the mobile
device’s camera for rapid, accurate and secure data
capture.
The decision of the UK government in 2015 to make the digital
image of a check legal tender significantly accelerated mobile
check processing activity in the British financial market, driving
a number of projects for TIS in cooperation with financial services
partners. Additionally, the growing demand from mobile-first
and mobile-only consumers has caused a broad proliferation of
digital initiatives worldwide. This demand drives cases such as the
use of mobiFLOW for mobile check deposit implementations in the
U.K., accelerated mobile customer acquisition at a consumer bank
startup in the U.S. and a pilot project where TIS has been selected
to deliver mobile lending document capture capability that will be
embedded in the bank’s mobile platform for maximum customer
satisfaction and operational excellence.
“Mobile capture comprises an essential element of digital
banking initiatives today,” comments Michael Schrader, CEO, Top
Image Systems. “Thanks to our early investment in mobile image
processing technologies, together with our years of experience
providing banking process automation to leading banks and financial
service providers around the globe, TIS continues to play a role in
this important market and is incorporating our mobile technology as
an integral part of our consolidated financial and banking process
automation solutions going forward.”
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 of Corporate Marketing and 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
Top Image Systems, Ltd. - Ordinary Shares (NASDAQ:TISA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Top Image Systems, Ltd. - Ordinary Shares (NASDAQ:TISA)
Historical Stock Chart
From Jul 2023 to Jul 2024