Capital One Financial Corporation is one of the largest diversified banks in the United States, founded in 1988 by Richard Fairbank and Nigel Morris as a division of Signet Financial Corporation in Richmond, Virginia, before spinning off as an independent company in 1994. Headquartered in McLean, Virginia, Capital One has grown from a credit card-focused startup into a top-10 U.S. bank by assets, serving tens of millions of customers through its credit card, consumer banking, and commercial banking operations. The company is the third-largest credit card issuer in the United States and is known for innovative card products including the Venture rewards card, Quicksilver cashback card, and Savor dining rewards card, as well as its popular 'What's in your wallet?' marketing campaign. Capital One was a pioneer in applying data analytics and technology to the credit card business, using information-based strategies to customize products and manage risk. The company has fully embraced a technology-first approach, describing itself as a 'tech company that does banking' and becoming the first major bank to go all-in on cloud computing by migrating entirely to AWS. Capital One operates approximately 270 branch locations and a network of Capital One Cafes that blend banking with coffee shops in major cities. Its online banking platform, Capital One 360, offers high-yield savings accounts, checking accounts, and CDs with no fees or minimums. The company employs approximately 55,000 associates, with a large proportion being technologists and engineers, reflecting its commitment to leveraging technology for financial innovation.
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