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SQN Partners with Q6 Cyber To Provide Increased Protection Against Data Breaches

 

Expert Fraud Detection Developer Meets Innovative Cyber Security Solution

SQN Banking Systems Partners with Q6 Cyber Offering its Clients        

Proactive Protection Keeping Costly Cyber Attacks at Bay

(Rancocas, NJ, May 4, 2017) – SQN Banking Systems, a leading provider of integrated fraud detection products for the financial industry, announced today a strategic partnership with Q6 Cyber, an innovative cyber threat intelligence company that is changing the traditional cybersecurity paradigm with a proactive and dynamic approach. As a result of the partnership, SQN’s clients now have access to a multi-layered, proactive security solution for assessing and resolving cyber threats and data breaches before they turn into costly, invasive attacks.

SQN’s partnership with Q6 Cyber will provide its clients with customized services designed and monitored by security analysts, engineers, and ethical hackers with deep expertise in military, intelligence and corporate cybersecurity operations. SQN clients utilizing the Q6 services will receive early detection of their specific exposure to infrastructure attacks and data theft such as compromised customer accounts and employee records on a regular basis

“As threats to financial institutions evolve, we are working together to root out these threats ahead of the actual events,” said Joe Uhland, president of SQN.  “The experts at Q6 have in-depth knowledge and positioning, and a keen ability to recognize cyber threats by identifying data at high risk for abuse. This is exactly the kind of innovative, value-added service that SQN is committed to providing to its clients.

SQN Banking Systems delivers innovative payment fraud detection solutions that serve a range of financial institutions from large, to mid-tier, and community banks making them more competitive and more profitable. Its service team offers on-premise applications and hosted solutions for fraud protection and signature verification. The partnership with Q6 Cyber opens up innovative pathways for SQN clients to remain competitive and profitable, while ensuring its propriety information and valuable resources are protected.

“We closely monitor countless public and restricted data sources, including the DarkNet, DeepWeb, hacker forums, and social media to collect timely and actionable threat intelligence,” said Q6 Cyber president Eli Dominitz. “For banks and other large enterprises, it’s vital to be proactive in detecting the possibility of an information security breach, discovering who is behind the attack, and acting quickly to minimize damage and recover compromised data.”

About SQN

SQN Banking Systems fraud detection software products are a critical step towards overcoming the growing problem of fraud across the various payment channels, such as check fraud, credit card fraud, debit card fraud, ATM fraud, ACH fraud, wire fraud, and mobile fraud. Using sophisticated transaction analysis algorithms and real-time check fraud detection solutions, SQN helps financial institutions with hosted solutions as well as on-premise applications avoid fraud. For more information visit http://www.sqnbankingsystems.com/.

About Q6 Cyber

Q6 Cyber deploys proactive, comprehensive, and intelligence-enabled solutions that transform the way organizations defend against information security threats. Q6 Cyber solutions are designed and delivered by professionals with deep defensive and offensive cybersecurity expertise attained over many years in military, intelligence, and corporate cybersecurity operations. For more information visit http://www.q6cyber.com/.

SQN Banking Systems announces joint Asian-Pacific-Singapore project

(Tel Aviv/Singapore/Rancocas, N.J. – January 20, 2015) – Top Image Systems Ltd. (NASDAQ: TISA), a leading cloud and on premise ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider, together with SQN Banking Systems, a leading provider of integrated fraud detection and process improvement products for the financial industry, today announced the successful deployment of a comprehensive joint signature verification project to curtail financial crime at the Asian-Pacific regional center in Singapore of one of the world’s leading global banks, active in the region for over 60 years across 12 countries and territories.

The project will assist the bank to reduce the volume of financial crime by significantly increasing the accuracy and efficiency of the bank’s fraud analysis efforts and specifically signature verification. The eFLOW® Automatic Signature Verification (ASV) solution has been deployed to carry out an automated digital comparison of signatures on check images against known good profile signatures in a volume of some 4 million checks per year. Bank checks and preauthorized drafts are scanned across the APAC region, at the start in Singapore and India, and collected for centralized processing.

The bank selected SQN and TIS for the solution’s high speed and proven accuracy, which substantially increases the power of the bank’s fraud detection initiatives. Unlike manual fraud analysis of only a sample selection of checks, eFLOW ASV electronically examines every check that the bank processes. Configured in accordance with the bank’s signature mandates, eFLOW ASV verifies the appearance of two signatures on checks over specified amounts and also reads CAR, LAR and other check data.

“We are proud that eFLOW plays a key role in this important project, which we believe will help prevent financial crime in the APAC region. Detecting instances of fraud as early as possible in the process will dramatically improve the bank’s customer service by enabling them to immediately advise customers of errors or potential fraud instances,” comments Alex Toh, Managing Director for Asia Pacific & Japan.

“Our solutions enable the bank’s professional fraud analysts to be more effective, freeing the analysts from looking at large check samples to focus all their efforts on checks that have been detected to be problematic,” explains Stan Jaslar, CTO, SQN Banking Systems. “Following a successful project for the bank in the U.S., SQN is proud to work with the bank in the AsiaPacific. We are confident that the joint expertise and market experience of TIS and SQN together will ensure the success of the current project and bring us many more opportunities for partnership in the region and across the globe.”

About SQN

SQN Banking Systems delivers innovative check fraud solutions that make large, mid-tier and community banks more competitive and more profitable. Browse our site to learn more about how SQN can assist your bank in detecting fraud with workflow, image fraud analysis, signature verification, transaction fraud analysis, official check verification, safe deposit management and conversion services.

About Top Image Systems

Top Image Systems (TIS) is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization. TIS’s eFLOW™ Platform is a common platform for the company’s solutions. TIS markets its platform in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company’s website http://www.TopImageSystems.com for more information.

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 Europe and 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 forwardlooking statements, whether as a result of new information, future events or otherwise.

TIS Contacts:

Shelli Zargary Director of Corporate Marketing shelli.zargary@topimagesystems.com +972 3 767 9114

TIS Investors:

James Carbonara Regional Vice President, Hayden IR james@haydenir.com + 1 646 755 7412

SQN Contacts:

Rachel Woodman Director of Sales & Marketing SQN Banking Systems, Inc. rwoodman@sqnbankingsystems.com +609 261 5500

Peter Hale Vice President of Client Relations McDougall & Duval Advertising phale@mcdougallduval.com +978 517 7717

Anyone interested in learning more is invited to visit sqnbankingsystems.com, or to call SQN at 888-744-7226.

About SQN Banking Systems

For 30 years, SQN Banking Systems has provided superior fraud detection products to the financial industry. We now offer cloud-based applications which can be deployed at your financial institution without additional hardware or software. The SENTRY suite includes real-time fraud analysis, exception item processing, image fraud detection, transaction analysis, automated and visual signature verification, official check verification, and safe deposit management. For more information, visit us at sqnbankingsystems.com.

APAC

SQN Banking Systems announces SENTRY: Content

(RANCOCAS, NJ, May 15, 2014) – SQN Banking Systems (sqnbankingsystems.com), a leading provider of integrated fraud detection and process improvement products for the financial industry, today introduced its latest application designed to save financial institutions from write-offs and loss with check image analysis for content of the check.

SENTRY: Content™ enables financial institutions to confirm that presented checks are legally valid instruments by automatically scanning each check to ensure that fields are complete, the check is signed, and the dollar amounts match.

“Whether a check is incomplete or unsigned or clearly indicates fraud, the financial institution needs to know quickly and easily,” said Joe Uhland, President of SQN Banking Systems. “By going beyond manual examination to automatically review the written portions of every check image, SENTRY: Content streamlines the process, increases accuracy, and helps reduce losses for the bank.”

Using SQN’s unique extraction techniques to review the check image in concert with intelligent character recognition (ICR) and optical character recognition (OCR) software, SENTRY: Content detects handwritten and machine printed data. That allows the application to not only verify that all fields have been completed, but also to examine dates for post-dating or if a stale date has been entered; detect discrepancies between legal and courtesy amounts; and confirm that the account number, check number and barcode matches the MICR data.

Anyone interested in learning more about SENTRY: Content is invited to visit sqnbankingsystems.com, or to call SQN Banking Systems at 888-744-7226.

About SQN Banking Systems

For over 30 years, SQN Banking Systems has provided superior fraud detection products to the financial industry. We now offer hosted solutions which can be deployed at your financial institution without additional hardware or software. The SENTRY suite includes real-time fraud analysis, exception item processing, image fraud detection, transaction analysis, automated and visual signature verification, official check verification, and safe deposit management. For more information, visit us at sqnbankingsystems.com.

SENTRY: Content

SQN Banking Systems announces SENTRY: SigTab

(RANCOCAS, NJ, March 4, 2014) – SQN Banking Systems (sqnbankingsystems.com), a leading provider of integrated fraud detection and process improvement products for the financial industry, will be demonstrating its latest application at BAI Retail Delivery 2014 in Chicago, Ill. from November 12 to November 14.

The new application, SENTRY: SigTab™, allows users for signature capture as well as storing those signatures in a database for retrieval along with account information using an iPad or Android-based tablet. The application enables signature capture capabilities for financial institutions both at the branch and customer locations. More importantly, SENTRY: SigTab ensures the captured signature and paperwork is secure, retrievable, and instantly available to the institution.

“Today’s consumers expect a retail experience that puts them first, and that includes bank customers and credit union members,” said Joe Uhland, President of SQN Banking Systems. “SENTRY: SigTab allows financial institutions to offer more flexibility in meeting their customers’ expectations. Clients are able to sign where and when it’s convenient for them, while being able to process the necessary paperwork using an iPad or Android based tablet.”

Compatible with various documents that requires a signature image, such as new account openings, mortgage applications, and loan applications, SENTRY: SigTab can display and embed signatures into PDF documents. Multiple signatures and documents, including photo IDs and passports, can be captured under one account.

Through SENTRY: SigTab, signatures can be sent to the database immediately via a web service, or stored on the tablet and uploaded later. The application easily interfaces into existing document management systems, and automatically creates an audit trail of all transactions. Users can find signatures by searching account data such as customer name, bank number, application number and account number.

SENTRY: SigTab seamlessly integrates into SQN’s full suite of fraud detection solutions.

About SQN Banking Systems

For 30 years, SQN Banking Systems has provided superior fraud detection products to the financial industry. We now offer cloud-based applications which can be deployed at your financial institution without additional hardware or software. The SENTRY suite includes real-time fraud analysis, exception item processing, image fraud detection, transaction analysis, automated and visual signature verification, official check verification, and safe deposit management. For more information, visit us at sqnbankingsystems.com.