Recognized for leveraging technology to drive innovation and digital banking capabilities

MCLEAN, Va.--(BUSINESS WIRE)--Oct. 3, 2013-- Capital One Financial Corporation (NYSE: COF) today announced that it was named to the 2013 InformationWeek 500 - a list of the top t echnology innovators in the U.S. Capital One was recognized as a leader in leveraging technology to drive innovation and digital banking capabilities that are enabling a digital-first customer experience. The full list can be found at www.informationweek.com/500.

“Technology and innovation have always been cornerstones of the Capital One business culture. We are intently focused on the customer experience across all of Capital One’s lines of business and whether it is a product offering, service or platform, we recognize the need to continually adapt and innovate to enrich the quality of customer and user experience,” said Rob Alexander, Chief Information Officer, Capital One. “We are very pleased to be recognized as one of the most innovative users of technology in the United States.”

Last year, the company acquired ING Direct (now Capital One 360) and HSBC’s U.S. card business. With these two major acquisitions along with customers’ growing demand for mobile and online channels, Capital One launched a multi-faceted digital transformation project designed to quickly integrate these two businesses and continue to position Capital One at the forefront of where the banking industry is going.

“These acquisitions gave us the opportunity to build the next generation online and mobile experience with a fully integrated view of the customer, supported by an infrastructure that is scalable and enables rapid development and deployment of new technologies, providing a better customer experience,” concluded Alexander.

"The theme of this year's InformationWeek 500 is digital business. It's a movement, rooted in data analytics, mobile computing, social networking and other customer-focused technologies that are turning companies and industries on their ear," said InformationWeek Editor In Chief Rob Preston.

"Every enterprise is now a digital business — or needs to become one fast. The organizations in our ranking are leading the way," continued Preston.

InformationWeek identifies and honors the Nation's most innovative users of information technology with its annual InformationWeek 500 listing, and also tracks the technology, strategies, investments, and administrative practices of some of the best-known organizations in the country. The InformationWeek 500 spotlights the power of innovation in information technology.

Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.

About InformationWeek

For more than 30 years, InformationWeek has provided millions of IT executives worldwide with the insight and perspective they need to leverage the business value of technology. InformationWeek provides CIOs and IT executives with commentary, analysis and research through its thriving online community, digital issues, webcasts, proprietary research and live, in-person events. InformationWeek’s award-winning editorial coverage can be found at www.informationweek.com. InformationWeek is produced by UBM Tech, a global media business that brings together the world's technology industry through live events and online properties. Other UBM Tech's brands include EE Times, Interop, Black Hat, Game Developer Conference, CRN, and DesignCon. The company's products include research, education, training, and data services that accelerate decision making for technology buyers. UBM Tech also offers a full range of marketing services based on its content and technology market expertise, including custom events, content marketing solutions, community development and demand generation programs. UBM Tech is a part of UBM (UBM.L), a global provider of media and information services with a market capitalization of more than $2.5 billion.

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 $209.9 billion in deposits and $296.5 billion in total assets as of June 30, 2013. Headquartered in McLean, Virginia, COF offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has more than 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, COF trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.

Source: Capital One Financial Corporation

Capital One Financial Corporation
Mark Andrews, 804-284-8844
Mark.andrews@capitalone.com