Thank you for voting Crowdsignal Logo

What do you think of our view on Capital One?

  •  
     
  •  
     
  •  
     
  •  
     
  •  
     
Total Votes: 55
4 Comments

  • Tim S. - 5 years ago

    While I agree that banking must have technological prowess to remain competitive, they are still banks. Technological advancements to provide services are good things, but not if it comes at a cost to security. A Bank’s livelihood is inherently tied to its trustworthiness. If its technological advancements degrade the trust its customers have in security, it will not be a bank for very long. Having worked in Bank operations for a generation, I have learned that a bank going fast with technological change often overlooks risk management and fraud controls, and those banks are no longer banks anymore. It is very, very risky business.

  • john - 5 years ago

    ' Editorial Board' " without the courage to put an actual name behind your opinion.
    You're and absolute MORON. I work for C1 and your 'facts' are not reality

  • Greg M. - 5 years ago

    Your take on "digitizing everything, moving it to the cloud, then making a bunch of money" makes zero sense from a technology perspective. As the other commenter noted... everything is already "digitized" and "the cloud" is nothing but outsourced servers that would have the same security as a server sitting on a network, on premises at Capital One. Interview peers of Capital One, like MasterCard, who have, for years, claimed that they're a technology company that just happens to issue credit cards. It's been 30 years since the banks you describe existed.

  • Chona Emerson - 5 years ago

    I think your opinion specific to Capital One and Equifax has merit. I don’t this it is justified, however, to generalize the negative view to all financial institutions and companies who choose to move to the cloud. There are far more institutions who moved to the cloud that didn’t fall victim to data breach than those who have. This is not a cloud problem. This is a security problem that happens whether or not data is in the cloud. It is also a mischaracterization that anything in the cloud is like Facebook where the cloud provider has access and shares data to external parties. That is rarely the case for enterprise level cloud.

Leave a Comment

0/4000 chars


Submit Comment

Create your own.

Opinions! We all have them. Find out what people really think with polls and surveys from Crowdsignal.