Mphasis announced the successful completion of the first phase of a major technology modernization program for Flagstar Bank, N.A. This achievement marks one year of collaboration, resulting in a next-generation data-center and cloud platform. The project consolidated six legacy data centers into two modern, co-sourced facilities with zero downtime for critical applications. The goal is to support Flagstar’s transformation into a top-performing U.S. regional bank.
Mphasis Completes Flagstar Bank Infrastructure Modernization
Mphasis, a global AI-led technology solutions provider, today announced the successful completion of the initial phase of a significant technology modernization program partnered with Flagstar Bank, N.A. This milestone, reached after one year of collaboration, establishes a next-generation data center and cloud platform designed to bolster the Bank’s operational resilience and performance.
Key Achievements of Phase One
The primary objective of the initial phase was addressing Flagstar’s need to consolidate its existing infrastructure following recent acquisitions. The scope included:
- Consolidating six legacy data centers into two modern, co-sourced data centers.
- Achieving this consolidation in approximately twelve months, a timeline noted as rarely achieved for projects of this magnitude.
- Successfully migrating hundreds of business-critical applications to the new platform while ensuring zero downtime for banking operations.
Executive Commentary on the Partnership
The modernization is central to Flagstar’s ‘Simple and Sophisticated (S2)’ platform initiative.
Chris Higgins, EVP, CIOO at Flagstar Bank, N.A., stated that S2 represents a differentiated technology architecture built around customer experience, forming the foundation for seamless, intelligent interactions that competitors cannot match.
Rohit Jayachandran, Head of Banking & Financial Services at Mphasis, highlighted the shared commitment to disciplined execution, noting the successful establishment of a resilient infrastructure foundation that maintained operational stability during the transition.
Jason Pope, EVP and CTO at Flagstar Bank, N.A., confirmed that the new platform significantly improves disaster-recovery capabilities and operational agility, positioning the bank for future growth and the introduction of new capabilities.
Next Steps in the Transformation
Mphasis and Flagstar Bank will continue their partnership into the next phase, focusing on modernizing the Bank’s applications and operations by leveraging AI and next-generation technologies to support Flagstar’s ongoing growth trajectory.
Source: BSE
