FALLS CHURCH, Va., Dec. 12 /PRNewswire/ -- Capital One Financial
Corporation (NYSE: COF) today announced that it has received the award for
being one of the nation's most innovative users of information technology by
CMP Media's InformationWeek magazine and Cap Gemini Ernst and Young. Capital
One ranked #18 in this year's listing.
The InformationWeek "Innovation 100: The Customer" is a listing of the top
one hundred companies considered to be masters in combining information
technology and business savvy to build profitable and successful customer
relationships. This award falls hot on the heels of Capital One's nomination
to the InformationWeek 500, which ranks companies on both the size and
complexity of installed information technologies, as well as on the tangible
business benefits created by technology.
"This award, in conjunction with the InformationWeek 500 listing,
underlines our position as a leader in applying technology to marketing
financial services and is testament to the ability of our 18,000 associates to
think out of the box, be entrepreneurial and really add value to Capital One's
bottom line," said Nigel Morris, President and COO.
"The Innovation 100: The Customer is one of the most prestigious honors an
IT organization can receive and is especially important since everything we do
in IT is ultimately driven by our desire to deliver superior products,
services and value for our 30 million customers-both online and offline," said
Marge Connelly, Senior VP, Domestic Card Operations and IT Operations.
The InformationWeek "Innovation 100: The Customer" measures the innovative
ways in which companies utilize technology to gain a business advantage.
InformationWeek editors and Cap Gemini Ernst and Young sought to identify and
reward organizations that demonstrate a pattern of technological and business
innovation. The research is considered critical to companies seeking to
benchmark themselves against their vertical industry peers.
The award reinforces the Company's position as a first class,
entrepreneurial place to work for IT professionals and is another indication
that Capital One is committed to adding customer value through its innovative
use of technology to market financial services.
"Our collaborative and innovative culture enables us to effectively
partner with operations and marketing to work together on business initiatives
and add value to the bottom line," said Laura Olle, Senior VP Systems
Development and Senior Business Information Officer. "Ultimately, IT is the
engine that drives our Information Based Strategy."
Headquartered in Falls Church, Virginia, Capital One Financial Corporation
(www.CapitalOne.com) is a holding company whose principal subsidiaries,
Capital One Bank and Capital One, F.S.B., offer consumer lending products.
Capital One's subsidiaries collectively had 29.4 million accounts and $24.2
billion in managed loans outstanding as of September 30, 2000. Capital One is
one of the major financial service providers on the Internet, with online
account decisioning, real-time account numbering, online retail deposits and a
growing number of customers serviced online. Capital One is a FORTUNE 500
company that trades on the New York Stock Exchange under the symbol "COF" and
is included in the S&P 500 index.
SOURCE Capital One Financial Corporation
CONTACT: Mark Andrews of Capital One Financial Corporation,
804-934-5910, or firstname.lastname@example.org/