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 Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..