Top Image Systems to Present Next Generation Mobile Capture Solution at FinovateFall 2014
(GlobeNewswire Via Acquire Media NewsEdge) TEL AVIV, Israel and NEW YORK, Sept. 3, 2014 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider announces its participation at the FinovateFall 2014 Conference taking place in New York, N.Y. on September 23 – 24, 2014.
TIS will walk the Finovate audience through a seven-minute story where Google Glass is used as an integrated part of an omni-channel approach to capturing the information necessary to open a new account. TIS' 'commercial banking officer' will use Google Glass as well as an iPad to capture structured and unstructured documents as images and validate the data. The demonstration will show how an application developer can flexibly integrate several capture devices: Glassware, mobile phone and tablet to gather necessary account opening information via any combination of centralized or on-device processing capabilities.
As part of an overall process, TIS' patent-pending Glassware application should be applied where it is logically the best choice to capture documents. The Glassware capture solution leverages TIS' advanced recognition and imaging technology in its next generation mobile imaging platform. The company's integrated OCR and data recognition capabilities provide users unparalleled accuracy, security and ease of use. As Google improves the camera and processing power of Google Glass to match the level of today's smartphones, TIS will continue to integrate more advanced, on-device processing capabilities with the wearable technology.
"Not only is it important for us at Top Image Systems to provide the most innovative, best-in-class technologies, but it's equally important to show how the market will be able to utilize these solutions in everyday scenarios," stated Avi Mileguir, Executive Vice President and General Manager, TIS Americas. "We are eager to demonstrate to the Finovate audience how they too can benefit from utilizing TIS' next generation mobile capture solutions."
FinovateFall 2014 is a two-day event showcasing cutting-edge financial technologies, whether coming from established industry leaders or up-and-coming startups. Companies must supply a written application and pass a screening call to be selected for participation. Vendors are evaluated on novelty, potential, wow factor, and diversity. Each handpicked company gets seven minutes on stage to show their latest and greatest innovation. No slides or pre-recorded videos are allowed.
"We are excited to have Top Image Systems once again participate in our flagship event, FinovateFall 2014, and showcase its next generation mobile capture solution featuring Google Glass," commented Eric Mattson, CEO Finovate Group. "Senior financial and banking executives, venture capitalists, press, industry analysts, bloggers, regulators, and entrepreneurs will gather to see the most innovative, new financial and banking technologies – having TIS take an already cutting-edge technology to the next level is definitely a must-see."
FinovateFall is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in New York, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate, and unique format. FinovateFall is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com.
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.
Top Image Systems 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.
CONTACT: TIS Company Contact:
Director of Corporate Marketing and Investor Relations
+972 3 767 9114
Regional Vice President, Hayden IR
+ 1 646 755 7412
Source: Top Image Systems Ltd.
2014 GlobeNewswire, Inc.
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