Flagstar names Mphasis as strategic partner for tech transformation

06 Aug 2025 CW Team

Mphasis (BSE: 526299; NSE: MPHASIS), known for its expertise in cloud and cognitive services, announced the inauguration of a modern data center facility for Flagstar Bank. The facility is designed to support the bank’s critical infrastructure, strengthen security, and enable future growth.

The partnership is part of Flagstar’s broader effort to modernize its technology landscape. Mphasis will complement the bank’s internal capabilities, helping it enhance performance, streamline service delivery, and improve risk management.

Key benefits of the partnership include:

Enhanced customer experience through scalable, secure, and reliable services
Support for digital transformation by retiring legacy infrastructure
Cost efficiencies from a more agile and scalable architecture
Stronger risk management with future-ready tools and innovation

“The data centers are more than just an infrastructure upgrade. This is a strategic investment in operational resilience, enhanced security, and scalable efficiency,” said Christopher P. Higgins, Chief Information and Operations Officer, Flagstar.

“Modernizing our data centers with Mphasis gives us flexibility to innovate faster and respond to market needs,” added Jason Pope, CTO, Flagstar Bank.

Rohit Jayachandran, Head of Banking & Financial Services at Mphasis, said: “This program sets a benchmark in banking infrastructure, and we’re proud to support Flagstar’s growth journey.”

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..