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Capital One enters enterprise B2B software, new data management SaaS

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Re: Capital One enters enterprise B2B software, new data management SaaS

#21

Post by Victerius »

Here is their jobs portal: https://www.capitalonecareers.com/search-jobs?orgIds=1732&ac...

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

Re: Capital One enters enterprise B2B software, new data management SaaS

#22

Post by nojito »

BMc2020 wrote: post #9

What do a lot of giant corporations like Apple, Microsoft, Google, Cisco and now Capial One have in common? They write their own software. What's in your wallet? All the money you saved.

At a certain scale you simply can not afford software licenses.

If they could they almost certainly would have tether bought an off the shelf software.

Re: Capital One enters enterprise B2B software, new data management SaaS

#23

Post by atonse »

aaronharnly wrote: post #12
cj wrote: post #3

Here’s a direct link to Capital One Software: https://www.capitalone.com/software/ 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.

I see they’ve already mastered the enterprise software technique of a “screen-by-screen video” that shows zero actual screens of the actual product, just a series of animations vaguely indicating business processes that are efficient & scale & managed etc.

Can’t express how much I hate those videos.

A higher density of utter meaningless bullshit, I couldn’t find anywhere else in marketing.

Re: Capital One enters enterprise B2B software, new data management SaaS

#25

Post by bernf »

m4jor wrote: post #16
wrayjustin wrote: post #4

This is a bold play, given their security track record.

The hacker, Paige A. Thompson a/k/a/ erratic, was a former AWS engineer who abused her access to download the CapitalOne data along with 30 other companies data. Insider attacks are so deadly. 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…

You have no idea what you're talking about, there was no "insider attack" she had scripts the equivalent of a web scraper/sniffer.

Re: Capital One enters enterprise B2B software, new data management SaaS

#26

Post by jagtesh »

rjbwork wrote: post #18
cassianoleal wrote: post #6

Earlier quoted context omitted.

Snowflake, in my circles, means something that's outside of the patterns in use and doesn't scale. It's something that's inherently bad and you want as little of it as possible, preferably make it visible and obvious, and manage it outside of your regular repositories and pipelines. Keep bringing it up at retros and planning until it's either industrialised along with the other things you support, or you drop/refacto…

Weird. In my circles, and the circles of people who are in the market for such a product, snowflake indicates a particular design pattern for designing data warehouses.

You’re both right. Snowflake as a technical slang/jargon generally refers to “flaky” or light-weight solutions that aren’t expected to withstand the test of time/scale.

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).

Re: Capital One enters enterprise B2B software, new data management SaaS

#27

Post by kochbeck »

Well… I read it. And I’ve gotta say, that sounds like a blatant violation of Regulation Y, the requirement that bank holding companies engage only in, “The business of banking.” There are lots and lots of activities that fall under that umbrella, but enterprise B2B software sales isn’t one of them.

CapOne may be too big to fail, but it’s not too big to receive a C

Re: Capital One enters enterprise B2B software, new data management SaaS

#28

Post by tootie »

jcims wrote: post #17
cj wrote: post #3

Here’s a direct link to Capital One Software: https://www.capitalone.com/software/ 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.

I've been out of consulting for 7 years now, so I don't know how widespread or old the trend is, but I'm seeing a lot of banks moving to a product operating model for their internal/backend software. The last place I worked had been at it for a couple of years and there were a few teams that really ran with it. At some point why not turn them into a profit center?

I've seen so many companies in multiple domains including consulting firms be so proud of their software they try to sell it on the open market. I've also never seen it succeed.

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.

Re: Capital One enters enterprise B2B software, new data management SaaS

#29

Post by gurchik »

m4jor wrote: post #16
wrayjustin wrote: post #4

This is a bold play, given their security track record.

The hacker, Paige A. Thompson a/k/a/ erratic, was a former AWS engineer who abused her access to download the CapitalOne data along with 30 other companies data. Insider attacks are so deadly. 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…

> a former AWS engineer who abused her access

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...

Re: Capital One enters enterprise B2B software, new data management SaaS

#30

Post by chevman »

tootie wrote: post #28
jcims wrote: post #17

Earlier quoted context omitted.

I've been out of consulting for 7 years now, so I don't know how widespread or old the trend is, but I'm seeing a lot of banks moving to a product operating model for their internal/backend software. The last place I worked had been at it for a couple of years and there were a few teams that really ran with it. At some point why not turn them into a profit center?

I've seen so many companies in multiple domains including consulting firms be so proud of their software they try to sell it on the open market. I've also never seen it succeed. 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.

Yes, this a thousand times over!

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?

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