Mobile Bill Pay Contract Win with Leading Italian Bank;
Digital Mailroom Deal at Top 5 Italian Banking Group

Tel Aviv / Verona – April 26, 2016 – Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, announced today that the Company signed two significant banking process automation deals in Italy whose initial value together reach over $700,000.  In one deal the Company signed a partnership with a leading Italian financial services provider serving more than 100 banks; together the partners have contracted to deliver their first joint project – a mobile bill pay solution to a top Italian retail bank.  In parallel, one of Italy’s top five banks, operating over 1500 branches and employing over 17,000, has contracted TIS and another local partner to implement a Digital Mailroom mortgage processing solution.

How can Digitek grow my Managed Print Services business?

A focused campaign to introduce TIS’ mobile image processing platform and applications to the Italian banking sector, which is a key target market for the Company, has resulted in a strong pipeline of opportunities, including this  firstmobiPAY project win.

In another sales initiative, Top Image Systems joined forces with another new partner; the two were together shortlisted in a tender for a mortgage processing mailroom implementation executed by one of Italy’s top five banking groups.  The bank selected TIS and its partner to deploy eFLOW Digital Mailroom to optimize the bank’s mortgage processing operations by capturing, recognizing and categorizing over 600 types of complex mortgage documents. The automated process will enable the bank to reduce mortgage processing cycle times and costs while increasing transparency and responsiveness to the bank’s customers.

Lexmark Managed Print Services for retail

“Digital transformation has become an unstoppable force driving banks across Europe and the globe to leverage new technologies and offer innovative services to their increasingly demanding clientele,” commented Barry Richards, Managing Director, Top Image Systems. “As the mobile hype dies down, financial service providers recognize that their banking customers require high-quality, reliable, secure and scalable software solutions. Mobile apps need to not only offer innovative mobile and online capabilities that delight savvy customers, but must also be able to smoothly integrate with existing mobile and back office banking systems to give banks positive ROI and usability. Thanks to the combination of our deep experience in banking process automation and flexible and innovative mobile capture platform, financial service providers are increasingly choosing to partner with Top Image Systems in order to win new projects in the banking and financial automation sectors.”