Capital One’s Tech Transformation Enables Improved Agility and Innovation
Capital One, one of the largest banks in the United States, announced in November 2020 that it had completed the migration from all eight of its on-premises data centers to Amazon Web Services (AWS), becoming the first US bank to report that it was all in on the cloud. By migrating to the cloud and changing its technology operations, Capital One has been able to scale to meet demand and move faster in a variety of ways. First, on AWS, Capital One can provision infrastructure almost instantly at a virtually unlimited scale, using as much or as little computing and storage as its applications need—and paying only for what it uses. The company has also seen an increase in its pace of innovation, going from quarterly and monthly application updates to releasing new code multiple times per day. Moreover, Capital One has reduced the average time needed to build a development environment from 3 months to only minutes.
Learn more about Capital One's tech transformation by watching the video below, featuring Mark Mathewson, senior vice president of Card Tech for Capital One.