Bengaluru: Global IT solutions provider Mphasis (BSE: 526299; NSE: MPHASIS) has announced a major milestone in its collaboration with Flagstar Bank, naming Mphasis as its official technology modernization partner.
As part of this alliance, Flagstar has unveiled a world-class data center facility to enhance operational resilience, cybersecurity, and scalable growth – signaling a critical step in its 18-month journey to becoming a top-tier U.S. regional bank.
The new data center, developed in partnership with Mphasis, is designed to support the bank’s infrastructure modernization strategy, helping the bank shift toward hybrid cloud adoption while optimizing performance, cost efficiency, and risk management.
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Christopher P Higgins, Chief Information and Operations Officer at Flagstar, stated: “This collaboration with Mphasis is not just about upgrading infrastructure – it’s a long-term investment in secure, seamless, and agile banking experiences. The data center reflects our commitment to operational excellence and innovation-driven growth.”
Jason Pope, Chief Technology Officer at Flagstar, added: “This scalable, modular facility allows us to innovate faster, enhance customer experience, and respond to market shifts more effectively. Partnering with Mphasis brings the expertise we need to drive this transformation.”
Rohit Jayachandran, Head of Banking & Financial Services at Mphasis, said: “Our work with Flagstar reflects a growing industry trend – financial institutions are prioritizing secure, agile, and cloud-ready infrastructure. This partnership is a benchmark in future-ready banking technology.”
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Through this engagement, Mphasis will help Flagstar:
- Enhance its customer-centric culture with faster, more secure digital services.
- Streamline operations by modernizing core technology infrastructure.
- Achieve cost efficiencies by retiring legacy systems and adopting cloud-native capabilities.
- Mitigate risk with innovative, resilient, and compliant technology frameworks.
As Flagstar scales its digital capabilities, this partnership underscores the bank’s commitment to innovation, operational excellence, and customer experience – setting new benchmarks for technology transformation in the U.S. financial services sector.
