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Capital One’s tech-related spend shoots up 11% YOY

Communications and data processing costs topped $1.3B in 2021

Loraine LawsonbyLoraine Lawson
January 31, 2022
in Technology
Reading Time: 4 mins read
0

Tech labor costs are an “elephant in the room” for technology companies and banks.   That’s true for Capital One. The $432.4 billion bank may face “more of a headwind” with regard to the tech talent shortage, Chief Executive Richard Fairbank said during last week’s earnings call.  “One of the big things we’ve done in our […]

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