Banking giant Capital One has packaged its extensive work to migrate to the cloud into a new software business called Capital One Software. Its first product, Slingshot, helps enterprises manage cloud costs and automate governance on top of the Snowflake platform.
Ronak Doshi, Partner at Everest Group, an advisory firm, said, “This FinTech revolution is putting technology as the growth driver for banks and the lead steers in the market like Capital One are now in an advantaged position to take these early bets and monetize them.”
