Top image Systems Listed as a Sample Vendor in Gartner Hype Cycle for Digital Banking Transformation 2016
Gartner Identifies Mobile Imaging for Bank Staff and Mobile Imaging for Bank Customers among the Technologies with a Benefit Rating of High and Expected to Reach Mainstream Adoption within 2 - 5 Years
TEL AVIV, Israel and PLANO, Texas, Aug 01, 2016 (GLOBE NEWSWIRE via COMTEX) --
Top Image Systems Ltd. TISA, +2.46% a global innovator of intelligent content processing solutions, announced that the Company was recognized as a sample vendor in the Mobile Imaging for Bank Staff and Mobile Imaging for Bank Customers categories included in the "Hype Cycle for Digital Banking Transformation, 2016" [1 ] by Alistair Newton published on July 18 [th] , 2016 by Gartner, Inc.
The mobiFLOW mobile image processing platform and SDK developed by Top Image Systems enables mobile capture, recognition and processing of structured and unstructured data in files of virtually any size and format. The platform is used by leading banks and financial services providers for a variety of digital banking use cases, such as mobile remote deposit capture, bill capture and payment via mobile devices and mobile enrollment. Mobile imaging transforms banking processes by enabling bank staff and customers to capture and process documents with high convenience and significantly accelerate transactions.
Mobile imaging serves banks twofold, both by improving banking processes aimed at reducing costs as well as by increasing customer satisfaction aimed at increasing revenues. According to the Hype Cycle for Digital Banking Transformation, "The challenge for CIOs is to use this technology to transform branches and customer-facing interactions, decrease complexity and speed time to complete activities like account opening. Because bankers are faced with high cost of branch operations and back-office processing, Gartner expects banks to adopt this technology to increase operational efficiency and decrease processing costs."
From the customer perspective, the Hype Cycle indicates, "Transformative initiatives will be those that use existing processes, but in new ways, to digitally enable customers to achieve goals (for example, for a new house, to manage finances, to improve cash management, to pay bills or to pay off debt). This transformation will probably involve the digitalization of several workflows and business processes and should focus on the customer experience rather than on a single transaction."
"We believe the findings of the Hype Cycle for Digital Banking Transformation 2016 validate the strong demand we see in the market for technologies that enable bank staff and customers to accelerate and optimize banking processes in order to achieve higher operational efficiency, shorter process cycle times and improved customer experience and satisfaction," comments Carsten Nelk, Top Image Systems' CTO. "We believe that being named by Gartner as a sample vendor reinforces the value of mobiFLOW to our customers."
[(1)] Gartner, Inc. "Hype Cycle for Digital Banking Transformation, 2016" by Alistair Newton, July 18, 2016
About the Gartner Hype Cycle
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About Top Image Systems
