January 10, 2016
Singapore/Tel Aviv – [Press Release] – Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, announced today deploying a project valued at more than a quarter of a million dollars to upgrade its eFLOW® deployment for a long-standing customer that is the Hong Kong subsidiary of one of the top ten banks in China. Operating a network of over 750 branches in Mainland China and listed on both the Hong Kong and Shanghai stock exchanges, the parent bank is itself the subsidiary of one of China’s largest state-owned multinational financial and industrial conglomerates.
Confident of consistent recognition accuracy, the bank relies on eFLOW as its primary enterprise capture platform. eFLOW today processes some two million documents per year, including centralized scanning of loan origination and mortgage application forms as well as a continuous stream of varied branch operations documents. Next year the bank will expand the eFLOW5 deployment for capture at the bank’s 34 branches across Hong Kong and will also initiate recognition of customer IDs to digitally process account opening and credit card application documents.
Following many years of positive cooperation, TIS Hong Kong has earned its reputation at the bank as a well-trusted supplier. Today TIS Hong Kong provides professional services to the bank, not only for upgrading the eFLOW platform but also for support of and integration with its third-party document management and storage systems.
We are proud to extend and grow our relationship with this important banking customer in our region, comments Alex Toh, TIS Managing Director for Asia Pacific & Japan. By increasing turnover and responsiveness to customers and reducing document cycle time, eFLOW continually proves its value for the bank. Reducing data entry costs and errors, ensuring faster, smoother access to documents and contributing to improved straight-through processing are important performance indicators for the bank; moreover improved visibility and document tracking play an important role in the bank’s regulatory compliance. We are pleased to help this and our other financial customers to leverage technology to best serve the changing and expanding needs of their customers in the digital economy.