SMA Technologies Enhances Portfolio with Encapture Acquisition

SMA Technologies, a prominent provider of automation solutions tailored for the financial services sector, has announced the acquisition of Encapture, renowned for its intelligent document processing and image lifecycle management expertise. This strategic acquisition bolsters SMA’s automation capabilities by integrating Encapture’s specialized expertise in document processing, loan origination, and compliance, aimed specifically at financial institutions. This merger is poised to advance SMA Technologies' mission, as highlighted by CEO Todd Dauchy, of supporting financial institutions with enhanced automation, creating efficiencies across both the front and back office. Encapture CEO Will Robinson expressed optimism about redefining financial workflows through the combined capabilities of SMA and Encapture, which will provide institutions with improved tools for streamlined document processing and data organization, thus allowing them to focus on exceptional customer experiences. Using machine learning and OCR, Encapture contributes to reduced costs and enhanced accuracy, simplifying origination and compliance activities that empower banks and credit unions to operate efficiently in a digital-first landscape. According to John Roper, Chief Revenue Officer of SMA Technologies, this acquisition positions the integrated entities to better serve financial institutions, allowing them to focus on strategic and growth initiatives. SMA Technologies, the creator of the leading OpCon automation platform, and Encapture, known for its machine learning platform enhancing financial processes, combine to offer a powerful, unified solution for financial automation.