Mphasis Ltd

🏦 Mphasis & Flagstar Bank Complete Major Tech Infrastructure Modernization

• Completed first phase of modernizing Flagstar's technology infrastructure after one year of collaboration

• Consolidated six legacy data centers into two next-generation data centers with zero downtime during migration

• Improved Flagstar's disaster recovery capabilities, operational resilience, and technology agility

• Flagstar Bank has $87.5 billion in assets, $61.0 billion in loans, $66.0 billion in deposits, and $8.1 billion in equity as of December 31, 2025

• Next phase will focus on modernizing applications and operations using AI and next-generation technologies