Mphasis, a leading provider of IT solutions with expertise in cloud and AI-driven services, has reached a major milestone in its partnership with Flagstar Bank. The two companies recently announced the successful setup and launch of Flagstar’s advanced data center facility—an essential step in the bank’s 18-month journey to becoming a premier U.S. regional bank.
The new data center marks a critical move in Flagstar’s broader transformation strategy. Designed to support core operations and scale with future demands, the facility enhances cybersecurity, strengthens operational governance, and lays the groundwork for sustainable, long-term growth.
Mphasis brings deep domain experience in modernizing IT systems for the financial services sector. Its collaboration with Flagstar aligns closely with the bank’s internal capabilities under its Enterprise Technology and Operations Services division. The result: faster service delivery, improved scalability, and a heightened focus on customer-centric operations.
Jason Pope, Chief Technology Officer at Flagstar Bank, highlighted the importance of this initiative:
“Modernizing our data centers in partnership with Mphasis is a major step toward embracing a hybrid cloud strategy. The flexible, modular design allows our teams to innovate rapidly and better serve our customers in an evolving marketplace.”
Rohit Jayachandran, Head of Banking & Financial Services at Mphasis, added “This collaboration reflects the broader shift in financial services toward secure, agile, and scalable infrastructure. Our work with Flagstar sets a new standard for what’s possible in digital banking transformation.”
The new infrastructure delivers improvements across key areas, including performance, responsiveness, and security, aligning with Flagstar’s focus on delivering reliable, customer-first banking experiences. Mphasis focuses on delivering tailored technology solutions using its Front2Back™ approach—leveraging cloud, cognitive technologies, and data-driven strategies to create hyper-personalized digital experiences.
The company’s Service Transformation framework helps organizations modernize legacy systems, enabling agility and innovation in a dynamic environment. With a strong foundation in design, engineering, and sustainable practices, Mphasis continues to build lasting partnerships across global enterprises—positioning itself as a strategic technology enabler for the modern age.
Flagstar Financial, Inc is the parent company of Flagstar Bank, NA, one of the largest regional banks in the U.S. Headquartered in Hicksville, New York, Flagstar Bank holds $92.2 billion in assets, $64.4 billion in loans, and $69.7 billion in deposits as of June 30, 2025. The bank operates around 360 branches across nine states, with strong presence in the New York/New Jersey metro region, the Midwest, Florida, and the West Coast. Flagstar continues to expand its footprint while focusing on innovation, customer service, and community engagement.
