Capital One Selects AWS as its Predominant Cloud Infrastructure Provider

Capital One Selects AWS as its Predominant Cloud Infrastructure Provider

Capital One continues to take a cloud-first approach by migrating core business and customer applications to AWS over the next five years

SEATTLE--(BUSINESS WIRE)--Nov. 29, 2016-- 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.

About Amazon Web Services

For 10 years, Amazon Web Services has been the world's most comprehensive and broadly adopted cloud platform. AWS offers over 70 fully featured services for compute, storage, databases, analytics, mobile, Internet of Things (IoT) and enterprise applications from 38 Availability Zones (AZs) across 14 geographic regions in the U.S., Australia, Brazil, China, Germany, Ireland, Japan, Korea, Singapore, and India. AWS services are trusted by more than a million active customers around the world -- including the fastest growing startups, largest enterprises, and leading government agencies -- to power their infrastructure, make them more agile, and lower costs. To learn more about AWS, visit http://aws.amazon.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $226.0 billion in deposits and $345.1 billion in total assets as of September 30, 2016. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol COF and is included in the S&P 100 index.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161129006308/en/

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