At Capital One, we think big and do big things. We were the first company to develop and offer mass customization and personalization of credit card products, and we have been innovating relentlessly ever since…Today we are working hard to lead innovation in the financial services industry. Over the last few years, Capital One has been investing significantly on digital technologies and talent to drive growth.
Some recent product and feature launches include the Wallet application which allows people to use Apple Pay at merchants, SureSwipe which eliminates the pain of entering passwords, and big data applications that allow people to clearly see merchant details behind transactions. In addition, Capital One acquired several innovative startups including Bundle.com, BankOns, Adaptive Path, PushPoint and AmeriCommerce.
We have also made tangible strides in building a learning organization by bringing in great talent and enabling them to succeed. We have built labs in San Francisco, New York and the Washington DC area that continue to push the boundary’s of technology and innovation. With the rapidly changing digital landscape, we at Capital One believe it’s key to be at the forefront of innovation and partner with the ecosystem of technology companies and venture investors that drive it forward.
To support these efforts, Capital One has created a new group, Capital One Ventures, focused on venture investing, incubating and identifying innovative digital acquisitions. Working closely with Capital One’s business units (Cards, Banking, Financial Services and Commercial), technology and the corporate development group, Capital One Ventures will be instrumental in defining new opportunity spaces and creating a path forward to capitalize on the opportunity via investment, incubation or innovative acquisitions.