Actually it is a few reasons well expressed in the following Informationweek article:
"The company wants to compete with technology companies like Google and Microsoft for top development, engineering, and infrastructure talent"
"... it's thought of as a primo place to do software development. It acquired several banking tech startups in part to get the development talent it needs."
"Capital One is in the midst of moving from 70% to 75% outsourced IT to 70% to 75% in-house."
Capital One IT Overhaul Powers Digital Strategy:
"If digital is so central to our strategy, we really need an IT organization that is able to deliver like a technology company and not like a traditional bank""The company wants to compete with technology companies like Google and Microsoft for top development, engineering, and infrastructure talent"
"... it's thought of as a primo place to do software development. It acquired several banking tech startups in part to get the development talent it needs."
"Capital One is in the midst of moving from 70% to 75% outsourced IT to 70% to 75% in-house."
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