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Capital One's Digital Diaspora: How One Bank Became A Wellspring Of CIO Talent For Many Companies


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Capital One’s Digital Diaspora: How One Bank Became A Wellspring Of CIO Talent For Many Companies
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Quite a few of today’s top CIOs spent time earlier in their careers at industrial companies such as GE and Ford, whose training programs have churned out cohort after cohort of impressive IT leaders. Their successors, though, are more likely to have CVs that boast stints at game-changing technology firms such as Google or Amazon.
Or Capital One. Although it’s a financial-services company that offers credit cards, loans and other products, the McLean, Virginia-based business, which generated $28.5 billion in revenue last year and saw net profit rise 27%, to $3.3 billion, in the first quarter of 2021, boasts the DNA of a software giant. And over the past few years, it’s quietly emerged as a training ground for talented executives who are cropping up in more and more IT leadership positi ....

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M&T Bank Launches Buffalo Tech Hub As Regional Banks Go Digital


M&T Bank
M&T Bank is launching a 13-floor, $58 million tech site in downtown Buffalo.
M&T Bank CIO Michael Wisler told Insider that cities like Buffalo are in a race for talent relevance.
M&T is on a three-year journey to pivot towards agile, customer-driven tech development.
The COVID-19 pandemic has left banks large and small racing to upgrade their digital capabilities as customer demand for seamless, online mobile banking has only grown.
It s also illustrated the benefits of scale for financial firms as interest rates remain near-rock bottom levels. Some have turned to M&A to bulk up, leading to a resurgence of dealmaking. ....

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