How Capital One Is Using APIs to Streamline Auto Financing
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.
— The New Stack (@thenewstack) March 13, 2017
Capital One sponsored this podcast.