Tagged: capital one

Capital One to Acquire Discover Financial Services

Capital One Financial Corporation (NYSE: COF) and Discover Financial Services announced that they have entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion. The transaction brings together two companies “with track records of delivering… Read More

Older Consumers Demonstrate More Digital Financial Literacy than Younger Generations – Survey

Financial activities–from paying bills to checking bank balances to sending money to friends–have increasingly “moved online, making digital literacy critical to managing our finances,” according to an update from Capital One. Adam Davis, Vice President, Financial Health, Inclusion, and Liquidity at Capital One, said: “Financial… Read More

Capital One Venture X Business Card to Support Elevated Earn, Enhanced Flexibility, Differentiated Travel offerings

Capital One announced that Capital One Venture X Business, the addition to the Venture X family, is now widely available to all eligible business owners on the Capital One website. Designed for business owners who want travel benefits and business-grade capabilities, the Venture X Business… Read More

Capital One Joins Open Source Security Foundation

Capital One joins the Open Source Security Foundation (OpenSSF) as “a premier member affirming its commitment to strengthening the open source software supply chain.” OpenSSF is “a cross-industry organization hosted at the Linux Foundation, designed to inspire and enable the community to secure the open… Read More

Capital One Executive Meghan Welch Joins Fintech Plaid

Fintech firm Plaid recently announced that financial services industry veteran Meghan Welch has joined as the firm’s very first Chief People Officer. Plaid has “grown to 1,200+ employees to support the mainstreaming of fintech.” Meghan’s over 20 years of professional experience at Capital One, “most… Read More

Capital One Business, Melio Introduce Accounts Payable Solution for SMBs

Melio, a B2B payments platform for small businesses, announced the launch of a “fully integrated” accounts payable solution with Capital One Business. This strategic partnership will “enable Capital One small business cardholders to pay their vendors and suppliers with a card – even if they… Read More

Fintech Firm Trovata Announces a New Distribution Agreement with Capital One

Trovata, the Fintech firm focused on automating cash workflows via multi-bank API data aggregation for corporate finance and treasury teams, recently announced a distribution agreement with Capital One (NYSE: COF). In connection with the partnership, Capital One will “market and refer Trovata’s cash management platform… Read More

CFPB on Overdraft Fees: Shift to Open Banking Will Make it Harder for Banks to Trap Customers Plagued by Fee Harvesting

Mr. Potter Banker Banking (1)

As was reported earlier this week, the Consumer Financial Protection Bureau (CFPB) has published a report on overdraft fees. These usurious fees generate billions on revenue for traditional banks. Almost like a drug addict, old banks struggle to eliminate these fees that end up harming… Read More

OakNorth Reportedly Entered into Deals with Capital One, Fifth Third Bank

OakNorth has reportedly entered into software deals with US banking institutions Capital One and Fifth Third, according to a report from BI. OakNorth has managed to onboard two new clients for its credit intelligence product offering. Capital One and Fifth Third Bank will be using… Read More

Digital Transformation: Capital One to Close 37 Physical Bank Locations to Keep Up with Changing Consumer Behavior

Capital One Financial Corporation (COF), a major US-based bank holding company focused on offering credit cards, auto loans, banking, and savings accounts, is preparing to close down 37 of its physical branch locations across the country.  The company notes in a press release that the… Read More

Prosecutors: Accused Capital One Hacker Also Used Victims’ Servers for Cryptomining

A Seattle woman and former Amazon Web Services employee accused of stealing personal data from credit card-issuer Capital One and 30 other companies also used victim’s servers to mine cryptocurrency, prosecutors in the State of Washington allege. Paige Thompson is accused of accessing victims’ servers… Read More

Financial Data Aggregation Provider Finicity Signs Secure Data Exchange Agreement With Capital One

Finicity, a provider of real-time financial data aggregation and insights, announced on Wednesday it has signed a data sharing agreement with Capital One. According to Finicity, the agreement will enable Capital One customers to securely share financial data with the third-party apps and services that… Read More

How Banks Are Leveraging Chatbots for Customer Service

We’ve been hearing a lot of talk about chatbots lately. Some of these conversations are about the ways that companies are having success with chatbots, but others are about brands that have failed to implement them properly. What is A Chatbot? A chatbot is a… Read More

Capital One Announces UK Fintech Startup Accelerator “Growth Labs”

Credit card giant, Capital One, announced this week the launch of its UK fintech accelerator known as Growth Labs. The new 10-week program, in partnership with the tech investor L Marks, offers startups advice and support as they develop innovative technology for the financial sector. Capital… Read More

Capital One Takes Small Step Towards Robo Investing Option

Full service brokerage Capital One Investing has announced a “fund evaluator tool” to the bells and whistles of their investor services.  Capital One joins the growing legions of both Fintech startups and traditional financial firms that see the value in providing automated services as a… Read More

Brief: Marketplace Lending Platform Prosper Appoints Capital One’s Kunal Kaul As Executive Vice President of Operations

On Friday, marketplace lending platform Prosper announced that it has appointed former Capital One executive, Kunal Kaul, as executive vice president of operations. Kaul led Capital One’s Home Loans Originations Operations Excellence. At Prosper, Kaul will be responsible for developing all aspects of the company’s operations, including… Read More

CircleUp Raises $30 Million in Series C Funding

CircleUp, a leading marketplace for equity investments in private companies, today announced it has raised $30 million in Series C funding, bringing its total funding to $53 million. The round was led by Collaborative Fund, with participation from Capital One co-founder Nigel Morris, and former CEOs… Read More

Saving Time and Money through Blockchain Tech: Chain Secures $30M Series B from Industry Behemoths Visa, Nasdaq, Citi Ventures

“We believe in the power of blockchain technology to transform how financial assets are transferred, but it has to be done with the right partners to insure it gets off the ground,”  Adam Ludwin, CEO of Chain said in an interview with the WSJ. It feels like everything… Read More

US Senator, Richmond Mayor Join in Launch of Kiva City Richmond

Partnership between Kiva and city of Richmond lauded by Virginia Senator Mark Warner and Richmond Mayor  Dwight C. Jones.  Capital One to match Loans for Entrepreneurs from Kiva Platform. An impressive group of politicians and business leaders announced the launch of Kiva City Richmond.  Capital… Read More

Capital One Aids Kiva’s Microlending with $500,000 Matching Loan Program

Capital One Financial Corporation today announced that it will expand its partnership with Kiva, a global microlending organization, by providing $500,000 to match loans made to U.S. small businesses on Kiva’s crowdfunding platform, helping entrepreneurs across the country with additional funding to start, sustain and grow their… Read More

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