MCLEAN, Va., May 3, 2016 /PRNewswire/ -- Leading business
technology publication InformationWeek this week named Capital One
Financial Corporation (NYSE: COF) the #1 company on the prestigious
2016 InformationWeek Elite 100 ranking of the country's most
innovative users of business technology.
Now in its 28th year, the InformationWeek Elite 100
examines the IT and business practices of thousands of
organizations, with a focus on technology deployment, IT budgets,
business technology infrastructure, and strategies. The rankings
celebrate the best in tech innovation and reward companies who use
technology to drive real business value.
"It is an honor to be a part of the 2016 InformationWeek Elite
100. Our inclusion on this list speaks to Capital One's culture of
innovation and recognizes the tremendous work our associates do
every day to help customers succeed," said Richard D. Fairbank, Founder, Chairman and Chief
Executive Officer of Capital One. "Capital One was founded two
decades ago as an information-based technology company and we have
a long-standing commitment to innovation. Our investments in
talent, technology, product, and design are helping us to deeply
understand customer needs and bring great software to the
marketplace. Above all, we have a reverence for talent.
The highest calling in our company is to find great people and give
them a chance to be great."
"The caliber of companies who applied for this year's Elite 100
list is unprecedented," said Amy
Doherty, Director of Research, InformationWeek. "The IT
teams of this year's Elite 100 work closely with their corporate
management counterparts and are highly integrated with the
business. The projects the 2016 applicants outlined demonstrated
time and again that when an IT team understands the business value
of technology and utilizes their IT budget to drive innovation, the
outcome can be game changing."
Executive research from InformationWeek's 2016 Elite 100 found
that corporate innovation strategies are rooted in analytics and
customer engagement, with 74 percent of companies reporting that
they use data analytics to help in decision making, 46 percent
reporting that they will engage customers in new ways, and 43
percent planning to use technology to increase efficiency.
According to the research, Elite 100 companies are also focused on
expanding mobile offerings and using cloud infrastructure services
for application development or production systems.
Capital One was honored at this week's InformationWeek Elite 100
Awards & Gala, in Las Vegas,
NV. Capital One Managing Vice President of Engineering
Skip Potter accepted the award on
Capital One's behalf, among more than 200 CIOs and senior IT
executives who gathered to share strategies and best practices
around the conference's theme, "How to Build a World-Class IT
Enterprise: A Celebration of the InformationWeek Elite 100." The
full list of companies honored in 2016 can be found here.
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 $221.8 billion in deposits and $330.3 billion in total assets as of
March 31, 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.
Capital One, N.A. has branches located primarily in New York, New
Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. 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.
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SOURCE Capital One Financial Corporation