Capital One enters the B2B software industry

– Capital One financial firm launches enterprise software business providing cloud and data management solutions to companies expanding their use of data and cloud computing

– The first product is “Capital One Slingshot”, a data management solution for customers of data cloud company Snowflake, designed to help enterprises accelerate Snowflake data cloud adoption and manage cloud costs.

– Reportedly, Capital One’s entry into the enterprise software market comes after years of investing in building its own cloud and data management tools, and marks Capital One’s direction as a tech company.