Capital One rides the cloud to tech company transformation

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LAS VEGAS -- Capital One Financial Corp. is taking big steps in its transformation into a tech company.

The Fortune 500 company, one of the top 10 largest banks in the U.S. with $313 billion in total assets, wants to be a tech company that also is a top financial services provider.

It's a change in strategy and focus, said Rob Alexander, CIO of Capital One, based in McLean, Virginia. Among its plans as it transitions to a "tech" company are an open, collaborative workspace, IT workers with new skill sets, fast-paced apps and a service evolution, and a focus on leading with cutting-edge technologies.

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