Capital One Debuts B2B Software Business

Capital One Financial Corp. has launched Capital One Software, an enterprise B2B software business that will offer cloud and data management solutions for B2B companies that work in the cloud, according to a Wednesday (June 1) press release.

The new initiative’s first product is Capital One Slingshot, a data management solution for customers of Snowflake, the Data Cloud company, which is designed to help businesses more quickly adopt the Snowflake Data Cloud, manage cloud costs and automate processes. Capital One has used its own in-house cloud and data management tools for years, the press release says.

“We recognize that many other businesses are facing similar data management needs as they accelerate their cloud and data journeys, so bringing some of the tools we’ve built and scaled to market as enterprise B2B software solutions is a natural evolution for us,” Ravi Raghu, executive vice president and head of Capital One Software, said in the press release.

Slingshot helps businesses manage costs through intelligent cost savings recommendations and dashboards to monitor warehouse performance; gain insights and visibility into changes to Snowflake costs and usage through proactive alerts; federate warehouse administration to lines of business and scale without exorbitant new costs; and automate governance using custom workflows, dynamic warehouse provisioning and self-service capabilities, per the release.

Related: Vivid Seats, Capital One Partner on Ticket Portal

In March, Capital One teamed with Vivid Seats on a ticketing platform named Capital One Entertainment that will allow cardholders to redeem rewards for tickets to more than 500,000 events.

Vivid Seats’ expanded 4-year-old partnership with Capital One Financial promises to unlock “exclusive access to unforgettable experiences across sports, music, dining and more” for Capital One rewards cardholders.

In addition to tickets, Vivid Seats said cardholders will be able to purchase premium ticket packages, events and onsite perks, including premier seats, access passes, event merchandise and take-home gifts.