Top Image Systems Listed as a Sample Vendor in Gartner Hype Cycle for Digital Banking Transformation 2016
August 01 2016 - 8:30AM
Top Image Systems Ltd. (NASDAQ:TISA) a global
innovator of intelligent content processing solutions, announced
that the Company was recognized as a sample vendor in the Mobile
Imaging for Bank Staff and Mobile Imaging for Bank Customers
categories included in the “Hype Cycle for Digital Banking
Transformation, 2016”1 by Alistair Newton published on July 18th,
2016 by Gartner, Inc.
The mobiFLOW mobile image processing platform and
SDK developed by Top Image Systems enables mobile capture,
recognition and processing of structured and unstructured data in
files of virtually any size and format. The platform is used
by leading banks and financial services providers for a variety of
digital banking use cases, such as mobile remote deposit capture,
bill capture and payment via mobile devices and mobile enrollment.
Mobile imaging transforms banking processes by enabling bank staff
and customers to capture and process documents with high
convenience and significantly accelerate transactions.
Mobile imaging serves banks twofold, both by
improving banking processes aimed at reducing costs as well as by
increasing customer satisfaction aimed at increasing
revenues. According to the Hype Cycle for Digital
Banking Transformation, “The challenge for CIOs is to use this
technology to transform branches and customer-facing interactions,
decrease complexity and speed time to complete activities like
account opening. Because bankers are faced with high cost of branch
operations and back-office processing, Gartner expects banks to
adopt this technology to increase operational efficiency and
decrease processing costs.”
From the customer perspective, the Hype Cycle indicates,
“Transformative initiatives will be those that use existing
processes, but in new ways, to digitally enable customers to
achieve goals (for example, for a new house, to manage finances, to
improve cash management, to pay bills or to pay off debt). This
transformation will probably involve the digitalization of several
workflows and business processes and should focus on the customer
experience rather than on a single transaction.”
“We believe the findings of the Hype Cycle for Digital Banking
Transformation 2016 validate the strong demand we see in the market
for technologies that enable bank staff and customers to accelerate
and optimize banking processes in order to achieve higher
operational efficiency, shorter process cycle times and improved
customer experience and satisfaction,” comments Carsten Nelk, Top
Image Systems’ CTO. “We believe that being named by Gartner as a
sample vendor reinforces the value of mobiFLOW to our
customers."
(1) Gartner, Inc. "Hype Cycle for Digital Banking
Transformation, 2016" by Alistair Newton, July 18, 2016
About the Gartner Hype Cycle
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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