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Top Image Systems Named as a Vendor in Gartner’s IT Market Clock for Mobile Imaging for Banks, 2016

TEL AVIV, Israel and PLANO, Texas., Sept. 19, 2016 (GLOBE NEWSWIRE) -- 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

Source:Top Image Systems Ltd.