ATLANTA, April 20, 2009 (GLOBE NEWSWIRE) -- Goldleaf Financial Solutions Inc. (Nasdaq:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced the company has been highlighted for its leading position in branch image capture. Based on independent, third-party research conducted by Celent, a leading research and consulting firm in the global financial services industry, and a wholly owned subsidiary of Oliver Wyman, a leading global research and consulting firm, the recently released "Imaging in the Retail Channel 2008: All Over But the Shouting" report notes that Goldleaf ranks number one in the number of seat licenses sold. The report also ranks Goldleaf number two in the number of financial institution customers.
For this report, Celent compared 17 branch image capture providers. In addition to its number one and two rankings, the report also cites Goldleaf's extensive scanner and teller system integrations, which are required for teller capture to be effectively implemented. It also notes that Goldleaf is approaching 1,000 financial institution branch image capture customers, which Celent credits in part to Goldleaf's relationship with Fiserv.
In its December report, "Branch and Teller Capture: A Vendor Overview", Boston-based Aite Group provided a competitive overview and profiled vendors offering branch and teller capture vendor software solutions. This report cited Goldleaf as holding number one positions in the number of live bank customers and the number of branch deployments, commenting that Goldleaf's Sierra Xpedite has a very significant lead of greater than 25,000 deployed branches over other branch and teller capture solutions.
According to Lynn Boggs, CEO of Goldleaf, while the rankings by top research companies substantiate Goldleaf's success in branch deposit automation, Goldleaf's industry leading position in payments technology can be credited to a variety of factors. "The full integration of the company's acquisitions, combined with organic growth, enabled the company to diversify its offerings to reach a broader market while also leveraging greater collaboration among business units to bundle services for larger sales. That collaboration has allowed Goldleaf to significantly expand and grow the company's business with existing clients, as well as increase market share internationally, which have all been key drivers for growth," he said.
Brian Geisel, EVP of Goldleaf, commented, "Imaging, particularly at the teller line, speaks to financial institution needs in current market conditions for a more efficient and lower cost transaction processing model that can enhance customer servicing and sales effectiveness. A powerful return on investment and proven business model, coupled with a better customer experience given banks' heavy focus on deposits will continue to drive demand. Goldleaf is a clear leader in the teller imaging market and our successful customer deployments and rollout experience shows our commitment to this innovative, transformative technology. The surveys compiled by Celent and Aite, supplemented by deep market penetration of our payments solution and adoption by some of the largest financial institutions across the globe, have allowed us to dominate the market, and we look forward to continued growth in 2009."
While many financial institutions are choosing back counter deployment as an interim step to a larger investment in teller capture, the Celent report notes that if an institution's strategic intent for branch image capture involves improving the customer experience, extending the banking day or improving branch transactional efficiency, then teller capture may be worth the larger investment versus back counter predicting that up to half of U.S. financial institutions may adopt teller capture long-term. According to Geisel, the next step is for the financial institution to ensure that a certified integration exists between its teller system and the image capture vendor. This is a huge strength for Goldleaf, which has certifications with all of the major teller system vendors.
About Goldleaf
Goldleaf Financial Solutions, Inc. offers a strategic suite of integrated technology and payment processing solutions to global financial institutions of all sizes. Goldleaf's products and services enable financial institutions to succeed in today's competitive market, solidify their trusted financial relationships, expand their community presence and improve profitability through the efficient use of technology. For more information about Goldleaf and its solutions, please visit the company at www.goldleaf.com.
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