TEL AVIV and NEW YORK, Sept. 23, 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 today unveils its patent-pending Google Glass application, GlassCapture™, to the FinovateFall audience in New York, NY.
Wearable technology is on the rise, and TIS continues to anticipate market demand by providing innovative capture technology to help financial institutions, enterprises and consumers realize the full potential of such wearables. Financial institutions that establish a reputation for mobile innovation and adopt new solutions such as GlassCaptureTM are likely to benefit in the future from greater market share and increased customer loyalty.
GlassCaptureTM is designed for wearable-initiated processes where capturing documents on the spot would bring significant value in decreasing processing costs and increasing consumer experience. Through TIS' seven-minute presentation at FinovateFall, the company today demonstrates how Google Glass can be effectively used to capture essential information while opening a new account at a financial institution.
"Agents can take a picture of a document with Google Glass, just by blinking their eye, and our technology kicks into high gear by recognizing the document type, processing and tagging the image, and integrating the data and image with Core Banking or ERP systems for further processing," said Isaac Rome, TIS' Vice President, Global Banking and Mobile. "Immediate feedback is provided to the user by projecting any information in the data display on the Glass itself. We like to think of it as someone's own wearable personal document processing and decision making tool."
TIS's patent-pending GlassCaptureTM application leverages the same advanced recognition and imaging technology as on its next-generation mobile imaging platform, which combines APMI (Automatic Perfect Mobile Image) "auto-capture" functionality together with IQA (Image Quality Analysis) – all on the device itself - to give users unparalleled accuracy, security and ease of use.
"Top Image Systems has developed a Google Glass application that improves many common processes financial institutions deal with on a daily basis, and we're very excited to have GlassCaptureTM launched from the floor of FinovateFall," said Eric Mattson, CEO of The Finovate Group. "It's exactly the type of innovative financial technology that we founded Finovate to find and showcase."
About FinovateFall
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 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.