TEL AVIV, Israel and LONDON, Feb. 11, 2015 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (Nasdaq:TISA) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solutions and MIP (Mobile Imaging Platform) provider, announced that Avoka, the digital transaction enablement company specializing in multi-channel engagement applications, is presenting its mobile-initiated loan application process at FinovateEurope using Avoka Transact. Avoka Transact integrates TIS' MobiENROLL services in order to retrieve information from ID documents in near real time.
TIS was the only supplier on the market to deliver Avoka quality capture capabilities that could enable their digital sales enablement platform to use HTML5 pages as a customer front end. With the TIS MobiENROLL service, Avoka Transact activates a mobile device's camera to take photos of ID documents; it accurately and automatically captures the ID information into the Avoka platform, eliminating the need forbv users to key in personal information manually. The nearly effortless user experience will increase digital sales application conversion rates for Avoka's customers.
Avoka develops digital sales enablement platforms that enable frictionless sales and service transactions. Avoka's customers include some of the largest banks and government agencies in the world, with over 16,000 sales and service transaction projects completed and over 100 million business-critical customer transactions processed each year.
Avoka initiated contact with TIS in Australia in Q4 2014 and within six weeks integrated MobiENROLL into Avoka's cloud based solution and then into Avoka Transact. Furthermore, Avoka has already received positive feedback after presenting its solution incorporating MobiENROLL to one of the Australian Big Four Banks.
"In 2015, we expect more banks will place increased emphasis on digital sales and, therefore, will need agile, flexible technology to facilitate effortless omni-channel user experiences for new account and loan applications. The rise of mobile first will give way to the age of mobile everything, and banks will need to migrate all of their customer-facing sales and service transactions to mobile – a trend we expect to see across presentations at FinovateEurope," said Philip Copeland, CEO for Avoka.
"TIS is proud and excited to have innovative TIS technologies presented at the prestigious FinovateEurope event again in 2015," commented Isaac Rome, VP Mobile Products for TIS. "We are extremely happy to be cooperating with Avoka and to have the opportunity to offer MobiENROLL capture services which can add value to a reasonable percentage of Avoka's more than 100 million global business-critical customer transactions per annum. We believe that these activities are just the beginning of an exponential growth trend for automated mobile image capture and processing to enhance mobile-initiated digital banking transactions."
About Avoka
Avoka transforms legacy paper, PDF and web forms into multi-channel engagement applications such as applying for credit cards, personal loans or government services. The agility and analytics of the Avoka Transact platform empowers Avoka clients to reduce customer abandonment rates, increase sales and improve the customer experience. Avoka was founded in 2002 and has digitized over 100 million transactions for 150+ global clients. Avoka has offices in Broomfield, CO, London, England and Sydney, Australia. Visit us at www.avoka.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.