Capital One (COF) Selects AWS (AMZN) for Cloud

November 29, 2016 4:27 PM EST

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Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), today announced that Capital One Financial Corp. (NYSE: COF) has selected AWS as its predominant cloud infrastructure provider. Capital One is one of the country’s leading financial institutions and recently ranked #1 on the InformationWeek Elite 100 list of the country’s most innovative users of business technology. Over the next five years, Capital One will continue to migrate many core business and customer applications to AWS as part of its commitment to delivering great digital experiences to its tens of millions of customers.

“Technology is going to play a central role in the future of banking as we move toward an experience that is real-time, digital-first, and that anticipates customer needs. The AWS Cloud enables fast, efficient development and deployment of software and allows our teams to focus on what we do best – building great software and delivering innovative experiences to our customers,” said Rob Alexander, CIO, Capital One. “We’re taking a cloud-first approach to development with AWS as our predominant cloud infrastructure provider.”

“Cloud has become the new normal even for the most highly regulated, data-sensitive organizations like those in the financial services industry. Such organizations are making the cloud a core part of their central IT operations and digital transformation efforts to take advantage of the security, reliability, and broad functionality of the AWS Cloud,” said Mike Clayville, Vice President, Worldwide Sales at AWS. “As a leading financial services institution, Capital One is embracing cutting-edge technology, like the AWS Cloud, to innovate in an industry that has great potential to benefit from technology transformation.”



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