As a technology hub, Atlanta is growing steadily with companies building out their footprints in booming industries like logistics and cybersecurity. In addition to thriving in these sectors, Atlanta has established itself as a prime locale for financial tech as well. As such, the city has attracted the attention of fintech giant Capital One. The company is expanding its Atlanta presence with plenty of new tech roles.
Having been around for almost three decades, Capital One is recognized as a nationwide bank holding and credit card company. New developments in technology have enabled Capital One to continually undergo updates and changes to better reach its clients, and in 2020, the company moved its operations from data centers to the public cloud, according to its website.
The company has since expanded to serve other businesses with a range of tech solutions, offering open source products for data science, data monitoring and more as well as APIs to help companies provide tools for things like customer transactions and account lookup.
Beyond the tools it offers other enterprises, Capital One has implemented a range of updates that serve its customers. Though it did not specify an exact number or timeframe, the company is furthering these innovations by building out its internal team with hundreds of new roles.
Drawn to the city due to its ample supply of talent, Capital One will make Atlanta-based hires within engineering and product management and house them in a new workspace in Old Fourth Ward. Capital One’s new office will support the platforms and solutions that power its credit card business, according to the company. The engineering roles will focus on cloud, data, machine learning and cybersecurity.
The company’s new 15,000-square-foot space will span one floor in Ponce City Market. The employment hub is currently home to 90 businesses that operate within creative and tech spaces. Its latest location, after undergoing design changes to provide employees with ample space for collaboration, will add to its present workforce in the Capital One Café in Lenox Square.
“Atlanta is a leading city for engineering jobs and tech startups, and we are excited to grow our presence in the region with this new space,” Todd Kennedy, Capital One’s EVP of U.S. card platforms, data and machine learning, told Built In via email. “Financial services are core to peoples’ lives, and our success has been and continues to be propelled by investments in exceptional talent and fostering a great culture. As we grow our team, our teams will focus on building products, services, and experiences that can make a real difference in millions of peoples’ lives.”