Mphasis and Flagstar Bank Mark Major Milestone by Completing First Phase of Modernizing the Bank's Technology Infrastructure
Mphasis and Flagstar Bank Mark Major Milestone by Completing First Phase of Modernizing the Bank's Technology Infrastructure |
| [30-March-2026] |
NEW YORK, March 30, 2026 /PRNewswire/ -- Mphasis (BSE: 526299; NSE: MPHASIS), a global AI‑led, platform‑driven technology solutions provider, today announced the successful completion of a major technology modernization program with Flagstar Bank, N.A. (NYSE: FLG) (the "Bank"), marking one year of the successful collaboration between the two organizations. Over the past year, Mphasis has partnered with Flagstar to establish a next‑generation data center, cloud platform, and to modernize the critical technology infrastructure supporting the Bank's transformation into a top-performing U.S. regional bank.
The Mphasis–Flagstar partnership has created a scalable technology platform that supports Flagstar's evolving business needs while enabling future innovation across its digital banking environment. Specifically for Flagstar, there was a need to consolidate six legacy data centers due to several recent acquisitions. As Flagstar seeks to become a leading regional bank, modernizing their critical technology infrastructure was imperative to set the stage for its next chapter. "Our partnership with Mphasis further advances Flagstar's Simple and Sophisticated (S2) platform initiative. S2 represents a fundamental competitive advantage for Flagstar," stated Chris Higgins, Executive Vice President, Chief Information and Operations Officer, Flagstar Bank, N.A. "With S2, we've created something truly differentiated in the market – technology architecture that's purpose built around the customer experience and designed for the next decade of growth. What sets us apart isn't just the modernization itself, we have reimagined every touchpoint to be seamless, intelligent, and personal. S2 is the foundation that delivers experiences our competitors simply cannot match." The first phase of the program involved the end‑to‑end design, installation, configuration, and certification of two next‑generation data centers. Working closely together with Flagstar's technology team, we consolidated six data centers into two modern, co-sourced data centers, in approximately twelve months—a timeline rarely achieved for projects of this scale. Following this, Mphasis successfully migrated hundreds of business‑critical applications to the modern platform with zero downtime. "Our collaboration with Flagstar Bank reflects a shared commitment to delivering meaningful outcomes through disciplined execution. Regional banks are modernizing technological environments that have evolved over many years while continuing to run mission‑critical operations without disruption. Working closely with Flagstar, our teams have helped establish a resilient infrastructure foundation that supports modernization while maintaining the operational stability banks depend on," said Rohit Jayachandran, Head of Banking & Financial Services, Mphasis. "This transformation demonstrates what is possible when deep engineering expertise is combined with disciplined execution. We have modernized our critical infrastructure while ensuring uninterrupted banking operations so as not to affect our clients," said Jason Pope, Executive Vice President, Chief Technology Officer, Flagstar Bank, N.A. "The new platform significantly improves our disaster‑recovery capabilities, strengthens operational resilience, and enables our teams to respond to evolving customer needs and market opportunities. As a result, Flagstar strengthened its operational resilience and improved the agility of its technology environment. With a modern and stable infrastructure foundation in place, the Bank is better positioned to introduce new capabilities, respond to evolving customer expectations, and support future growth." Mphasis and Flagstar will continue their partnership by entering the next phase to modernize the Bank's applications and operations by leveraging AI and next‑generation technologies while supporting Flagstar's future growth. About Mphasis Flagstar Bank, N.A. For Further Information, Please Contact: Sumana Bhat sumana.bhat@mphasis.com
SOURCE Mphasis | ||
Company Codes: Bombay:526299,India:EQMPHASIS,NSE:MPHASIS,NYSE:FLG |
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