Yes.

• AscentialTest can recognize a text painted on top of the application – a windows 10 banner with a system message for instance.
  In this case, AT will identify this text as an object and take the proper actions.
  
  
• It also works if the text objects are not present at design time.
  
  
• This also works in the case of a webpage with a long table, not entirely visible at first:
  AscentialTest can scroll down automatically, to find the text that will be recognized as an object.
  This text can be used with a selector to find some rows and manipulate data within these rows.
  
  Please refer to the documentation for more information about creating and manipulating Selectors
  
  
• Text recognition is not OCR, but an AscentialTest proprietary technology

More about text recognition:

Recognize texts and define them as objects