[2014-06-10] Capital One Hiring For New Technologies, Including Bitcoin

[_smudger_]

http://cointelegraph.com/news/111748/capital_one_hiring_for_new_technologies_including_bitcoin

Capital One appears to have an interest in Bitcoin. At least, the bank, which holds the 128th spot on the Fortune 500 list, wants to hire someone who will investigate it.

The financial giant recently posted a job listing, first noticed by Coindesk, for a data scientist that will conduct research on the impact of technologies including “Google Glass, Leap Motion, smart watches, Bitcoin, and iBeacons” [emphasis mine] on the future of banking.

In the job listing, Capital One also highlighted its intention to “change banking for *good*” [emphasis theirs] while also pointing to its past as a pioneer in statistical monitoring for credit cards. Capital One's development team is working on “the next wave of disruption” for the financial industry.

The mention of Bitcoin was a small part of a larger job posting, so it is important to take this with a grain of salt. This does not mean Capital One is getting into the cryptocurrency business now or any time soon. However, it does seem to indicate that the bank is studying it. If it decides more money can be made getting on the cryptocurrency gravy train, then that’s likely what they will do.

It is worth pointing out that the other technologies mentioned, wearables, new input methods and iBeacons all seem to have a bright (and mainstream) role in the conventional banking future. Capital One is one of the nation's ten largest banks. If they move forward on Bitcoin, it could accelerate the industry's growth exponentially.

[erono]

I wish Hiring was in Richmond but the job is in Arlington at the Clarendon Labs location, not Richmond.

[dockster]

They need to consider it, the world is moving and it won't wait them for ever and they better learn from the big companies that closed due to their failure to adapt to new technologies. they need to do this move if they would like to seriously included in this rising money transmitting system.

[kjlimo]

I wish Hiring was in Richmond but the job is in Arlington at the Clarendon Labs location, not Richmond.

Thanks!  That was my first question.

[Ron~Popeil]

The world is changing. Adapt or get left behind.

[Swordsoffreedom]

I would definitely take that is what I would say but went to the site and noted they are looking for a programmer.
Seems like an easy one from the Job Description : Wants to hire someone who will investigate it.  
Pretty sure most of the senior or hero members on this forum qualify by that standard lol.

But on the page

Basic Qualifications:

-Bachelor’s Degree in quantitative discipline (Statistics, Math, Computer Science, Engineering), or 2+ years industry experience

-1+ years’ experience in R, Perl, Python, Java, or other languages appropriate for large scale analysis of numerical and textual data

-1+ years experience with data mining, machine learning, statistical modeling tools and underlying algorithms

-1+ years’ experience with relational databases and SQL

[kjlimo]

I would definitely take that is what I would say but went to the site and noted they are looking for a programmer.
Seems like an easy one from the Job Description : Wants to hire someone who will investigate it.  
Pretty sure most of the senior or hero members on this forum qualify by that standard lol.

But on the page

Basic Qualifications:

-Bachelor’s Degree in quantitative discipline (Statistics, Math, Computer Science, Engineering), or 2+ years industry experience

-1+ years’ experience in R, Perl, Python, Java, or other languages appropriate for large scale analysis of numerical and textual data

-1+ years experience with data mining, machine learning, statistical modeling tools and underlying algorithms

-1+ years’ experience with relational databases and SQL

Yeah, they probably want someone with an impressive resume, but likely need someone who can explain it to the people running the credit card business...

[Swordsoffreedom]

I would definitely take that is what I would say but went to the site and noted they are looking for a programmer.
Seems like an easy one from the Job Description : Wants to hire someone who will investigate it.  
Pretty sure most of the senior or hero members on this forum qualify by that standard lol.

But on the page

Basic Qualifications:

-Bachelor’s Degree in quantitative discipline (Statistics, Math, Computer Science, Engineering), or 2+ years industry experience

-1+ years’ experience in R, Perl, Python, Java, or other languages appropriate for large scale analysis of numerical and textual data

-1+ years experience with data mining, machine learning, statistical modeling tools and underlying algorithms

-1+ years’ experience with relational databases and SQL

Yeah, they probably want someone with an impressive resume, but likely need someone who can explain it to the people running the credit card business...

That and then code the infrastructure and the database so they can create their own service to compete with it or become a Bitcoin adopting bank.
Cold Storage stored perhaps behind a safe just like Fiat
With 5/5 Multi Signature Encryption if that person they hire is worth his salt.