FI · News · 20260821N

Partner Ecosystem Integrations

FI · 2026-08-21 · Importance 34 · Surprise 42

Flagstar Bank selected Fiserv’s Finxact cloud-native core platform to replace fragmented legacy systems after a year-long evaluation. The two-phase implementation is planned for 2027 and 2028. Flagstar expects the transformation to generate $40 million to $45 million in annualized cost savings while improving real-time processing capabilities.

Key facts

• The transition is planned in two phases for 2027 and 2028. source