Capital One Named #1 Company on InformationWeek Elite 100 Ranking of the Country's Most Innovative Users of Business Technology

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May 03, 2016, 11:13 ET

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 28^th 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.