Capital One obtains select Bankons software and talent.
Bankons remains a separate and independent company after the close of this limited asset purchase agreement. As a result of these activities, Joshua Greenough and several Bankons associates join Capital One supporting its Digital Lab efforts.
Who is Capital One?
In addition to having one of the country's most recognizable brands thanks to its catchy TV commercials, Capital One is one of the fastest moving financial institutions in the US. The company recently purchased such titans as ING Direct and HSBC's US card business and is emerging as one of the strongest banks in the financial services world — in under 20 years Capital One has grown from a small monoline credit card company into one of the nations top 10 largest banks. Capital One is aggressively pursuing innovation and trying to solve the consumer challenges emerging from the ever evolving world of digital payments and mobile interaction.
At Bankons, we have always been about pushing the envelope of mobile functionality and when the opportunity came up work with a financial powerhouse who shared the same vision, we jumped at the chance. Being able to help push innovation forward for 45 million customer accounts, are numbers that most start-ups only dream about.
While the sun will be setting on the current Bankons apps & service a new dawn is rising for us as we bring our technology and innovation to the Capital One Digital Innovation Lab. Our team and technology will be incorporated into the Labs innovation agenda and will help Capital One increase its strength in this field.
Our team wouldn't be here without the great people at Finovate, our investors and the countless technologists and banking professionals who we have worked with along the way. Stop by our new home at the ING Direct Café in downtown SF for a chat about FinTech or just grab a cup of coffee. The café is always open.
- Bankons Team