Top 5 Bank in Israel Deploys Mobile Check Deposit with mobiFLOW

TEL AVIV, Israel, June 08, 2016 (GLOBE NEWSWIRE) — Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, today announced that the Company has enabled another of Israel’s top five largest banking groups to deploy mobile check deposit as part of its mobile banking platform. Focused on capital markets, foreign exchange, private banking and corporate finance, together with its main subsidiaries this major banking group operates a network of over 172 branches. By adding mobile check deposit functionality based on mobiFLOW to its mobile banking program, the bank enables its customers to conveniently and efficiently deposit checks by snapping an image of the check with the camera on their mobile device.  

The bank was looking for a mature solution that has been proven in the market; the factors in the bank’s decision to build its mobile check deposit solution using the mobiFLOW SDK from Top Image Systems included its positive local references and proven ability for rapid configuration, deployment and go live; the bank sought to ramp up its mobile program smoothly and rapidly.

Top Image Systems’ Automatic Perfect Mobile Image (APMI) technology ensures customers a swift, smooth and reliable user experience; mobiFLOW guides the user to position the camera to optimally recognize a high quality check image and then automatically take the picture. The flexible mobiFLOW SDK not only integrates easily with the bank’s mobile program, but can be configured to run additional capture use cases and integrates seamlessly with front and back office systems as a component of a broad, omni-channel approach.

“As regulations are updated and consumer adoption grows, the demand for mobile check deposit continues to expand across financial institutions throughout EMEA,” remarks Barry Richards, Managing Director, Top Image Systems EMEA. “Top Image Systems collaborates with numerous banks and financial service providers in EMEA and around the world; we are committed to continuously enhancing our mobile capture technologies to meet and exceed the changing needs of our banking customers and their end-users.”

About Top Image Systems

Top Image Systems™ (TIS™) Ltd.  is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver content across enterprise applications. TIS’ eFLOW Platform is a common platform for the company’s solutions which is 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 https://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.

TIS Company Contact:
Shelli Zargary
Director of Corporate Marketing and Investor Relations
shelli.zargary@topimagesystems.com
+972 3 767 9114
TIS Investors:
James Carbonara
Regional Vice President, Hayden IR
james@haydenir.com
+ 1 646 755 7412