Capital One closes its data centres and goes all in with AWS Read later Audio version Summary: Capital One has been undergoing a multi-year transformation to operate entirely out of the public cloud with AWS. (Image sourced via Capital One website) Capital One has exited all of its data centres, moving all applications and systems to the public cloud with AWS. The change to the company's operating model is particularly significant for a financial institution, where many banks still struggle to move away from mainframes and legacy architectures. Capital One was founded 25 years ago by Richard Fairbank, who still runs the company today. The bank specialises in credit cards, auto loans, banking, and savings accounts, and has close to 50,000 employees. It is one of America's largest financial institutions and brought in close to $30 billion in revenues last year.