Capital One is the banking industry leader in 2020 patents

MCLEAN, Virginia, January 21, 2021 / PRNewswire / – Capital One Financial Corporation (NYSE: COF) today announced that, for the second year in a row, the company leads the banking industry for the most U.S. utility patents awarded, obtaining 747 US utility patents during the year.

Capital One’s OnePatents program identifies new and innovative products and experiences across the enterprise that enable its clients to deliver highly tactile, technology-centric banking solutions to their clients. The patents granted include emerging innovations in the fields of artificial intelligence, machine learning, blockchain, data and information security, as well as ideas to improve the customer experience on the platforms. online and mobile banking.

“At Capital One, we seek to use innovation and technology to have a meaningful impact on people’s lives. This work is at the heart of what we do and the success of our patent program is a testament to the ingenuity, talent and creativity of our associates, “mentioned Frank LaPrade, Head of Corporate Services of Capital One and Chief of Staff to the CEO.

OnePatents is Capital One’s patent initiative that emphasizes diversity and creativity as the basic ingredients of invention. The OnePatents team is made up of people with a range of expertise whose common goal is to convert exciting concepts into meaningful innovations. In addition, the OnePatents team works with associates at all levels of the business to foster the full life cycle of ideas, to ensure that creativity is not limited to silos, to bring diverse perspectives to the resolution of problems and to encourage everyone to become an inventor within One Capital.

“Innovation happens every day at Capital One. The company has put together a simple and accessible program that encourages and motivates associates in all roles in the business to show their creativity and become inventors, ”said Ariana wood, Head of Intellectual Property at Capital One. “To some, the patent process can seem mysterious or even intimidating. With our OnePatents program, we want to break down these barriers and make it easy and welcoming for all associates to take their ideas forward and work with our team. Patents are only one. way to show how our associates work tirelessly to create lasting impact for our clients and our business. “

The diversity of ideas behind Capital One’s patents comes from associates in all roles within the organization, from the C-suite to the reserve. During the OnePatents program, Capital One has obtained more than 1,800 patents invented by more than 1,300 associate inventors.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, including Capital One, NA and Capital One Bank (United States), NA, had $ 305.7 billion in deposits and $ 421.9 billion in total assets at September 30, 2020. Based at McLean, Virginia, Capital One offers a wide range of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, NA has branches located primarily in new York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Colombia. A Fortune 500 company, Capital One is listed on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 Index.

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SOURCE Capital One Financial Corporation

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