Leading financial organization increases use of and support for cloud native projects like Kubernetes
SEATTLE, WA – KubeCon + CloudNativeCon North America – December 11, 2018 – The Cloud Native Computing Foundation® (CNCF®), which sustains and integrates open source technologies like Kubernetes® and Prometheus™, today announced that Capital One has increased its participation to the Gold level.
“As a cloud-first organization, we recognize the value that cloud native technologies at scale can provide,” said Kapil Thangavelu, Senior Director, Software Engineering, at Capital One. “We joined CNCF to share learnings with the community and drive greater adoption of cloud native technologies across industries.”
Capital One takes a cloud-first approach to software development and has embraced open source, actively using, as well as contributing to open source projects including Hygieia, a comprehensive DevOps dashboard released in 2015. Capital One is on a journey to learn and grow as a technology company, in addition to being a well-known financial services firm. The company is focused on digital and mobile innovation, developing and delivering bold, breakthrough transformations that help people connect with their finances in new, meaningful, and delightful ways.
“Capital One is a model organization for those operating in heavily-regulated industries while also using, contributing to, and sponsoring open source projects,” said Dan Kohn, executive director of the Cloud Native Computing Foundation. “We’re thrilled the company has decided to increase its participation as a gold end user member, and look forward to continuing our collective work to foster the adoption of cloud native technologies in banking and other risk-averse industries.”
As an active user of CNCF projects, Capital One adopted Kubernetes to build a provisioning platform for its applications deployed on AWS that use streaming, big data decisioning, and machine learning. The company has also incorporated Prometheus, Fluentd, gRPC, CNI, and Envoy into its infrastructure. In addition to its CNCF participation, Capital One is an active member of The Linux Foundation, Apache Foundation, and TODO Group. The company also sponsors open source projects built by its engineers, including Hygieia and Cloud Custodian.
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About Cloud Native Computing Foundation
Cloud native computing uses an open source software stack to deploy applications as microservices, packaging each part into its own container, and dynamically orchestrating those containers to optimize resource utilization. The Cloud Native Computing Foundation (CNCF) hosts critical components of cloud native software stacks, including Kubernetes and Prometheus. CNCF serves as the neutral home for collaboration and brings together the industry’s top developers, end users and vendors – including the world’s largest public cloud and enterprise software companies as well as dozens of innovative startups. CNCF is part of The Linux Foundation, a nonprofit organization. For more information about CNCF, please visit www.cncf.io.
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 $247.2 billion in deposits and $362.9 billion in total assets as of September 30, 2018. 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, Louisiana, Texas, Maryland, Virginia, New Jersey 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.
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