Acquisition expands SMA’s portfolio while advancing document and data processing for the financial industry
HOUSTON—SMA Technologies, a leading provider of automation solutions for financial services and the maker of OpCon Workload Automation & Orchestration, announced the acquisition of Encapture, an intelligent document processing and image lifecycle management company that enhances SMA’s automation solutions for financial institutions (FIs) with expanded capabilities, integration options, and expertise in loan origination and compliance.
“Our acquisition of Encapture represents an exciting step forward in our mission to support financial institutions with robust automation,” said Todd Dauchy, CEO of SMA Technologies. “Encapture’s expertise in document processing, loan origination and compliance will perfectly complement our offerings, allowing us to deliver even greater efficiency for our clients across the front and back office.”
"Encapture is thrilled to join SMA Technologies and merge our capabilities," said Will Robinson, CEO of Encapture. "With SMA, we’re confident in our combined ability to redefine financial workflows, giving institutions the tools they need to streamline document processing and data organization and focus on delivering exceptional customer experiences."
SMA Technologies' acquisition of Encapture combines advanced document automation with SMA’s workflow solutions, creating a powerful, unified platform for financial institutions. With machine learning and OCR, Encapture reduces costs, improves accuracy, and simplifies origination and compliance activities, empowering banks and credit unions to streamline operations and enhance efficiency in a digital-first environment.
"Encapture, like SMA Technologies, has put a huge emphasis on bringing value to clients,” said John Roper, Chief Revenue Officer of SMA Technologies. “Together, we are well positioned to serve a broader range of financial institutions and enable each of them to invest more time back into more strategic, growth initiatives."
About SMA Technologies
SMA Technologies is the maker of OpCon, the leading workload automation and orchestration platform for banks, credit unions, and other financial services businesses. The platform delivers enterprise power and scalability without the complexity or cost. OpCon enables companies to easily automate manual tasks and seamlessly orchestrate workloads across business-critical operations, saving time and reducing cost by eliminating human error and deploying IT resources on strategic initiatives. More than 700 financial institutions trust SMA with their mission-critical operations. Please visit www.smatechnologies.com to learn more.
About Encapture
Encapture is a machine learning platform that accelerates funding times, improves loan margins and reduces regulatory risk for banks, credit unions and fintech lenders. As an omnichannel solution, Encapture easily integrates into any banking or lending process to automatically verify incoming documents, populate and validate business systems with key data points, and request additional documents that may be missing or incorrect. Visit https://encapture.com/to learn more.
Read the release on the Business Wire website here.