Capital One enters enterprise B2B software, new data management SaaS

Here’s a direct link to Capital One Software: <a href="https:&#x2F;&#x2F;www.capitalone.com&#x2F;software&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.capitalone.com&#x2F;software&#x2F;</a><p>And a link to the first product they launched, “Slingshot”: <a href="https:&#x2F;&#x2F;www.capitalone.com&#x2F;software&#x2F;solutions&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.capitalone.com&#x2F;software&#x2F;solutions&#x2F;</a><p>Essentially it sounds like Capital One is taking some of their internal tooling and starting to sell it, starting with their tooling for managing Snowflake instances.

Well… I read it. And I’ve gotta say, that sounds like a blatant violation of Regulation Y, the requirement that bank holding companies engage only in, “The business of banking.” There are lots and lots of activities that fall under that umbrella, but enterprise B2B software sales isn’t one of them.<p>CapOne may be too big to fail, but it’s not too big to receive a C

This is a bold play, given their security track record.

What do a lot of giant corporations like Apple, Microsoft, Google, Cisco and now Capial One have in common? They write their own software.<p>What&#x27;s in your wallet? All the money you saved.

Surprising that a bank is going in this direction but not surprising that it was Capital One. They have historically been pretty technology forward in comparison to other US banks. They are one of the only US banks that provide pretty pain-free APIs to the public.

Having used to work at Capital One within Shared Tech, I worked with a lot of really brilliant engineers who could easily have been working at FAANG. That being said, they didn&#x27;t pay as well as FAANG so a lot of us moved on.<p>I&#x27;m not surprised at all by this move, there&#x27;s a lot of solutions at Capital One that can be monetized. The company is so large that there&#x27;s redundant solutions concurrently developed by different teams, inevitably someone was going to work the bureaucracy to start selling SaaS

Bringing new meaning to software debt

This makes me want to get rid of my Capital One card. I knew they&#x27;d wasted millions on a giant engineering department that does jack for their business (worked with many of their ex-engs), and this is proof that they never had anything useful to do. CTO must be trying to save his bonus by making up a new irrelevant business to justify their unnecessarily large engineering org and lack of purpose.

This is sometimes hot and cold sometimes depending on C.I&#x2F;T&#x2F;D.O decisions. I used to work for enterprises that said software is eating the world and revenue , insourcing and IP differentiation. Come next CXO cycle , we are a manufacturing company &#x2F; Fintech &#x2F; Insurer and IT is left to the specialists (and sell off entire arms or rebadge).<p>Aside , no two warehouses may be alike (fragmentation) + the fact that specialized products that keep adding new features find it hard in the data lineage space &#x2F; governance space. I doubt if this steam will keep up unless there is a significant revenue (and that will be a challenge for anyone who would make a decision on a SaaS product)

I work in the enterprise&#x2F;b2b bank software and consulting market. Nothing seen here appears to have any impact on our business or customers. Not quite sure who this is oriented at.<p>If you are so big you can spend time arguing with capital one about your IT workloads, you may consider doing it in house or working with a smaller partner like ourselves who <i>exclusively</i> focuses on the software part. When you don’t have to worry about running a bank, you can get a lot of other work done. It’s also a shitload easier to operate outside of the regulatory domain you would otherwise be trapped in.

No other company wastes nearly as much money on AWS routinely than Capital One. Entire Kubernetes clusters for microservices that do essentially nothing.

Here is their jobs portal: <a href="https:&#x2F;&#x2F;www.capitalonecareers.com&#x2F;search-jobs?orgIds=1732&amp;acm=ALL&amp;alrpm=ALL&amp;ascf=[%7B%22key%22:%22custom_fields.VanityTag%22,%22value%22:%22Software%22%7D]" rel="nofollow">https:&#x2F;&#x2F;www.capitalonecareers.com&#x2F;search-jobs?orgIds=1732&amp;ac...</a><p>And here is one of their job postings: <a href="https:&#x2F;&#x2F;www.capitalonecareers.com&#x2F;job&#x2F;vienna&#x2F;back-end-software-engineer-capital-one-software-remote-eligible&#x2F;1732&#x2F;33706417648" rel="nofollow">https:&#x2F;&#x2F;www.capitalonecareers.com&#x2F;job&#x2F;vienna&#x2F;back-end-softwa...</a><p>Back End Software Engineer - Capital One Software (Remote Eligible)<p>What You’ll Do:<p>- Collaborate with and across Agile teams to design, develop, test, implement, and support technical solutions in full-stack development tools and technologies<p>- Share your passion for staying on top of tech trends, experimenting with and learning new technologies, participating in internal &amp; external technology communities, mentoring other members of the engineering community<p>- Collaborate with digital product managers, and deliver robust cloud-based solutions that drive powerful experiences to help millions of Americans achieve financial empowerment<p>- Utilize programming languages like Java, Python, SQL, Node, Go, and Scala, Open Source RDBMS and NoSQL databases, Container Orchestration services including Docker and Kubernetes, and a variety of AWS tools and services<p>Basic Qualifications:<p>- Bachelor’s Degree<p>- At least 3 years of professional software engineering experience (Internship experience does not apply)<p>Preferred Qualifications:<p>- 4+ years of experience in at least one of the following: Lua, C++, Angular, Java, Python, GoLang, Nginx, Scala, Go, Rust or Node.js<p>- 1+ years of experience with AWS, GCP, Azure, or another cloud service<p>- 2+ years of experience in open source frameworks<p>- 3+ years of experience in Agile practices

Can&#x27;t wait for Goldman Sachs Software

I would love to see the statistics on # of SE hires by the FANGS then Capital One. Has to be comparable.

CapOne trying to launch their own Aladdin....

what ever happened with their enterprise k8s? critical stack or whatever.