How Capital One Is Using APIs to Streamline Auto Financing

Mar 17th, 2017 11:20am by Alex Williams

Capital One treats APIs like products. Its new auto financing API with Vroom allows a Vroom customer to pre-qualify for auto financing online, instead of having to do the process in person with someone. The API is currently being leveraged by Vroom as part of their auto buying process. This is a single partner integration.

The API runs using Tomcat “Dockerized” containers on Amazon Web Services (AWS) with blue/green deployments, mediated through an API gateway that allows rate limiting, throttling, metering and other capabilities. It is push-button DevOps automation, designed with simplicity. The goal: use a sophisticated back-end architecture to create a simple experience for the end user.

In this sponsored podcast at SXSW, we spoke with Shishir Singhania, Capital One vice president for auto finance and Ray Bajaj, vice president of Capital One Tech about the challenges and success that came from building this API and extending Capital One’s services through the use of APIs.

SXSW 2017: How Capital One is Using APIs to Streamline Auto Financing

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Check out some highlights from Capital One House for #SXSW Thanks to sponsor @CapitalOne #API #opensource https://t.co/NHLCqt4Tz2

— The New Stack (@thenewstack) March 13, 2017

Capital One sponsored this podcast.

Alex Williams is founder and publisher of The New Stack. He's a longtime technology journalist who did stints at TechCrunch, SiliconAngle and what is now known as ReadWrite. Alex has been a journalist since the late 1980s, starting at the...