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Capital One Ranks No. 2 on 2014 InformationWeek Elite 100

April 7, 2014 at 2:48 PM EDT

Technology transformation delivers digital-first customer products and services

MCLEAN, Va.--(BUSINESS WIRE)--Apr. 7, 2014-- Capital One Financial Corporation (NYSE:COF) today announced that it ranked No. 2 on this year’s prestigious InformationWeek Elite 100 – a list of the top business technology innovators in the U.S. The full list can be found on http://www.informationweek.com/100. The Elite 100 is a more-selective annual ranking of business technology innovators, a successor to the InformationWeek 500 ranking that InformationWeek has done the previous 25 years.

“As a leader in digital banking and the nation’s largest direct bank, so much of what we do as a company and the connections we make with our customers are driven by technology and innovation and we are intently focused on the customer experience across every Capital One business line,” said Rob Alexander, Chief Information Officer, Capital One. “Technology and innovation have always been central to the Capital One business culture. To be recognized as one of the most innovative users of technology in the U.S. is no small feat and is a testament to our talented IT associates.”

The InformationWeek Elite 100 selection team noted that Capital One’s focus on software engineering enables the company to deliver digital products and services with increased speed and efficiency. A critical element of its approach has been the restructuring of the company’s IT workforce that aligns it more closely with the businesses and strengthens the partnership between the business and IT. This partnership leads to increased collaboration and real-time problem solving to rapidly innovate and deliver new digital capabilities for customers.

“The digital business movement is a force CIOs can't ignore. Just as Amazon.com transformed the retail industry, Netflix changed the face of movie distribution, and Orbitz and others reinvented travel planning, new digital companies, technologies, and business models will shake up a range of other industries, from healthcare to manufacturing to higher education. Digital businesses are adept at using the web in conjunction with mobile, social, analytics, and other technologies to not only boost sales, but also change their relationships with customers. The 2014 InformationWeek Elite 100 highlights companies that are leading this digital business revolution, redefining business models and reshaping industries,” said InformationWeek Editor-in-Chief Rob Preston.

This is InformationWeek’s 26th year identifying and honoring the nation's most innovative drivers of information technology. For 2014, this assessment was narrowed to a more elite 100 organizations. Our InformationWeek Elite 100 research tracks the technology-based investments, strategies, and results of some of the best-known organizations in the country. Unique among corporate rankings, the InformationWeek Elite 100 spotlights the power of business technology innovation.

Additional details on the InformationWeek Elite 100 can be found online at www.informationweek.com/100.

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 $204.5 billion in deposits and $297 billion in total assets as of December 31, 2013. 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 more than 900 branch locations 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.

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. UBM Tech is a global media business that brings together the world's technology communities through live events, online properties and custom services. UBM Tech’s community-focused approach provides its users and clients with expertly curated research, education, training, community advocacy, user-generated content and peer-to-peer engagement opportunities that serve the Electronics, Security, Enterprise IT and Communications, Network Infrastructure and Applications, Game and App Developers, and Tech Marketing communities. UBM Tech's brands include Black Hat, DesignCon, EE Times, Enterprise Connect, Game Developers Conference (GDC), HDI, and Interop. Create, a UBM Tech full range marketing services division, includes custom events, content marketing solutions, community development and demand generation programs based on its content and technology market expertise. 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. For more information, go to http://tech.ubm.com.

Source: Capital One Financial Corporation

Capital One Financial Corporation
Julie Rakes, 804-284-5800
julie.rakes@capitalone.com