Encapture
Encapture provides an intelligent automation platform designed for banks and lenders, focusing on compliance and operational efficiency through machine learning and no-code solutions.
Company Overview
Encapture provides an intelligent automation platform designed for banks and lenders. Their platform is used to automate manual checklists and eliminate compliance risks associated with financial lending processes. Their solutions are tailored for various sectors including compliance, mortgage lending, auto lending, commercial lending, and fintech lending. Encapture employs machine learning to enhance digital experiences, boost operational efficiency, and manage regulatory compliance.
Compliance Solutions
Encapture offers robust compliance solutions for financial institutions, automating the collection, review, and reporting of key data points necessary for meeting Fair Lending Guidelines. This includes compliance with regulations such as the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and Dodd-Frank Section 1071. Encapture is committed to maintaining the highest industry compliance standards, including SOC 2 Type 2, ensuring the security and privacy of customer data without offshoring or outsourcing.
Platform Features
Encapture's platform includes several key features aimed at enhancing operational efficiency and compliance management. These features include document collection, data extraction, data validation, exception review, and seamless integration with existing systems. This no-code platform allows businesses to easily build and manage document-centric workflows across the enterprise, significantly reducing the time and effort required for manual processes.
Machine Learning and Automation
Encapture utilizes machine learning to enhance its automation platform, providing significant improvements in operational efficiency for banks and lenders. By automating manual checklists and processes, the platform helps financial institutions manage compliance risks more effectively. This use of machine learning means that Encapture's platform continually evolves, improving accuracy and performance in data handling and regulatory reporting.