RANCOCAS, N.J. and SINGAPORE, Sept. 7, 2011 /PRNewswire/ -- SQN Banking Systems ( sqnbankingsystems.com), a leading provider of integrated fraud detection and process improvement products for the financial industry, and Top Image Systems™ (TIS™), Ltd. (Nasdaq: TISA), the leading ECM (Enterprise Content Management) solutions provider, today announced a new strategic partnership. Under the agreement, SQN's fraud detection solutions will be incorporated into TIS' eFLOW™ Banking Platform in the Asia Pacific market.
eFLOW automates document-driven business processes on a single enterprise platform, capturing, classifying and validating business-critical data from multiple incoming document formats. Its integrated and modular architecture is flexible and responsive to an enterprise's changing needs.
Enhancing eFLOW by integrating SQN's superior fraud detection technology – which includes signature verification, image fraud analysis, transaction fraud analysis, safe deposit management, and document management – will provide a powerful, unified solution for the Asia Pacific banking community. Initial joint sales and marketing activities including customer visits have reaped great interest from various financial institutions and there are plans to further intensify these joint activities to address this market demand.
"The collaboration between TIS and SQN Banking Systems in the increasingly important Asia-Pacific region is a positive initiative that enhances the TIS' Banking Platform, offering valuable joint functionality that will surpass our competition and serve our customers across the financial sector," remarked Alex Toh, Managing Director, TIS( Asia Pacific) Pte Ltd. "This partnership is another proof point that demonstrates TIS's commitment to its long-term growth strategy by means of fortifying and promoting our banking solutions as well as by means of expanding our cooperation with world-class software vendors to leverage on our combined technological and market forces.""Clearly, successfully competing in the Asian market is important for any company's long-term future," said Joe Uhland, President of SQN Banking Systems. "We are particularly pleased that we have the opportunity to introduce our proven, world-class fraud detection capabilities to this new market through such a respected and trusted player."