And a link to the first product they launched, “Slingshot”: https://www.capitalone.com/software/solutions/
Essentially it sounds like Capital One is taking some of their internal tooling and starting to sell it, starting with their tooling for managing Snowflake instances.
A higher density of utter meaningless bullshit, I couldn’t find anywhere else in marketing.
Whatever you have to say about Capital One as a bank or as a software company, they are absolutely top tier when it comes to marketing. At least B2C marketing. If they succeed at this it will be on the strength of their marketing.
Terrible name for a product!
CapOne may be too big to fail, but it’s not too big to receive a C
My reading of Reg Y is if Capital One got approval from the Fed, it’s fine for them as a bank holding company to engage in a nonbanking activity. Am I missing something?
___________
Source:
https://www.frbsf.org/banking/regulation/regulations-policie...
Capital One Bank (USA) N.A. — Currently offers a wide variety of credit card products, other lending products, and deposit products.
Capital One, N.A. — Offers a broad spectrum of banking products and financial services to consumers, small businesses, and commercial clients, including traditional banking products through an extensive branch network in Connecticut, the District of Columbia, Louisiana, Maryland, New Jersey, New York, Texas, and Virginia.
Capital One Auto Finance, Inc. — Offers automobile financing products.
Capital One, N.A., Member FDIC
Capital One, National Association
Capital One Bank
Capital One Bank, N.A.
Capital One Bank, National Association
Capital One Bank (USA)
Capital One Financial Corporation
Capital One Home Loans LLC
Capital One Services, LLC
Capital One Settlement Services, LLC
On top of her having insider access, she is mentally ill (hence her fitting online moniker) so that doesn't help any. She was long known about in the hacking scene before the hack. Very aggressive and rude online behavior.
She got convicted recently and her sentencing is in September, looking at 20 years. I think she'll get that. Hopefully she doesn't follow through on her previous statements of wanting to attempt suicide or fleeing the country.
Nowhere in the criminal complaint[1] does it say this happened. Instead it says that Paige wrote a script that scanned web application firewalls (WAFs) for a specific vulnerability. Anyone could have done this. The problem was only possible because after abusing the vulnerability Paige discovered that the IAM Role used by the WAF was granted permissions it shouldn't have.
1. https://www.justice.gov/usao-wdwa/press-release/file/1188626...
What's in your wallet? All the money you saved.
If they could they almost certainly would have tether bought an off the shelf software.
When a company has more money than sense, it enjoys spending it more on building rather than buying. It's also much easier to justify dedicating FTEs to yet another internal project rather than vetting a vendor and churning out a PO for a product you don't know how long you'll use.
https://newrepublic.com/article/155212/worked-capital-one-fi...
I do not miss working there.
All of the FTEs were super bright but realized that if they were going to be worked like dogs, they'd rather be at FAANG making twice as much. Even then, some expats told me their letters were more laid back.
I'm not surprised at all by this move, there's a lot of solutions at Capital One that can be monetized. The company is so large that there's redundant solutions concurrently developed by different teams, inevitably someone was going to work the bureaucracy to start selling SaaS
I don't doubt this - but my guess is that a lot of these top engineers are working at CapitalOne for relatively low salaries compared to FAANG explicitly because they're tethered to the company by an H1B or L1 or similar visa and can't easily jump ship.
The headquarters of Capital One is smack-dab in the middle of the US defense and IC contracting hub in Tysons Corner in Northern Virginia. They're competing for talent now with hundreds (thousands?) of small software contractors and also the big defense players like Northrop, Lockheed, etc. And on top of that, the big tech companies like Amazon and Microsoft have expanded heavily in the area and are now gobbling up all the talent as they pay way more than DOD and gov't contract work.
Yet Capital One still doesn't offer competitive salaries that even match the defense contractors, never-mind AWS and Microsoft. I know half a dozen talented engineers who got tired of the $175K defense industry salary "ceiling" and jump ship to Amazon. I know of zero who've moved to Capital One, though they probably employ more engineers in the area than any other company.
And from what I've seen, it's because their engineering departments are 90% Indians on H1B (again - some very talented). Most US citizens won't want to work there.
Aside , no two warehouses may be alike (fragmentation) + the fact that specialized products that keep adding new features find it hard in the data lineage space / governance space. I doubt if this steam will keep up unless there is a significant revenue (and that will be a challenge for anyone who would make a decision on a SaaS product)
If you are so big you can spend time arguing with capital one about your IT workloads, you may consider doing it in house or working with a smaller partner like ourselves who exclusively focuses on the software part. When you don’t have to worry about running a bank, you can get a lot of other work done. It’s also a shitload easier to operate outside of the regulatory domain you would otherwise be trapped in.
And here is one of their job postings: https://www.capitalonecareers.com/job/vienna/back-end-softwa...
Back End Software Engineer - Capital One Software (Remote Eligible)
What You’ll Do:
- Collaborate with and across Agile teams to design, develop, test, implement, and support technical solutions in full-stack development tools and technologies
- Share your passion for staying on top of tech trends, experimenting with and learning new technologies, participating in internal & external technology communities, mentoring other members of the engineering community
- Collaborate with digital product managers, and deliver robust cloud-based solutions that drive powerful experiences to help millions of Americans achieve financial empowerment
- Utilize programming languages like Java, Python, SQL, Node, Go, and Scala, Open Source RDBMS and NoSQL databases, Container Orchestration services including Docker and Kubernetes, and a variety of AWS tools and services
Basic Qualifications:
- Bachelor’s Degree
- At least 3 years of professional software engineering experience (Internship experience does not apply)
Preferred Qualifications:
- 4+ years of experience in at least one of the following: Lua, C++, Angular, Java, Python, GoLang, Nginx, Scala, Go, Rust or Node.js
- 1+ years of experience with AWS, GCP, Azure, or another cloud service
- 2+ years of experience in open source frameworks
- 3+ years of experience in Agile practices
Whatever that measure indicates of product quality ¯\_(ツ)_/¯
Her working at AWS (where she was fired from) let her know exactly how and what to target in order to steal the data she was able to find and obtain. She had prior knowledge on what companies to snoop. I'd say thats using insider info to your benefit. Yes there are also common scripts that bug bounty H1 and Bugcrowd users use to pwn S3 buckets.
she also did was into cryptomining on hacked servers
>Ms. Thompson also used her access to Capital One’s servers to mine cryptocurrency
Snowflake, the data warehousing platform, on the other hand is a juggernaut - in a league of it’s own (I suppose comparable to BigQuery and RedShift).
Why would I spend 100x the cost to buy an internally developed solution that is barely an MVP product when I could buy a market leading, polished, SaaS product from a vendor who takes me out to dinner and ballgames? They also have implementation and professional service teams to help install said product quickly and efficiently, and many third party consulting firms if I need even more help (they take me out to dinner too!).
Oh, also the vendor doesn't yell at me like the internal IT teams do :)
Quite the conundrum for sure!
Would love to know which execs approved this at Capital One and what happens when they leave and everyone's air cover is gone?
Sooo... not Google products?