Business
Cognizant and Flagstar Bank, N.A. Mark One-Year Partnership, Advancing Flagstar's Transformation, Enhancing Client Experience and Driving Efficiency
Cognizant (Nasdaq: CTSH) and Flagstar Bank, N.A. (NYSE: FLG) announced today the successful completion of their first year as strategic partners, marking a significant milestone in Flagstar's ongoing strategic and technology transformation.
About this update from Flagstar Bank, N.a.
[{"type":"text","content":"Partnership lays the technology foundation for seamless client and employee experiences, setting the stage for using artificial intelligence and technology-driven banking solutions","length":180,"tagName":"p","attribs":{}},{"type":"text","content":"TEANECK, N.J., Jan. 29, 2026 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) and Flagstar Bank, N.A. (NYSE: FLG) announced today the successful completion of their first year as strategic partners, marking a significant milestone in Flagstar's ongoing strategic and technology transformation.","length":299,"tagName":"p"},{"type":"image","alt":"Cognizant and Flagstar Bank, N.A. Mark One-Year Partnership, Advancing Flagstar’s Transformation, Enhancing Client Experience and Driving Efficiency","displaySize":"","headline":null,"caption":"Cognizant and Flagstar Bank, N.A. Mark One-Year Partnership, Advancing Flagstar’s Transformation, Enhancing Client Experience and Driving Efficiency","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/e425038f63a32e3c21e1bd35c0d871a7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/IRoXyLNvJ4TD1CW1LmoiJA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e425038f63a32e3c21e1bd35c0d871a7","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2872187/Flagstar_Bank_One_Year_Partnership.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Over the past 12 months, Cognizant has served as a key strategic partner, acting as an extension of Flagstar's in-house Enterprise Technology & Operations (ETOS) team to advance the bank's multi-year technology transformation, named "Simple, Sophisticated" or "S2." The S2 initiative will create a modern technology platform to drive innovation, enhance client experiences, support employees, and leverage data insights while carefully managing risks. This partnership has advanced the bank's technology strategy and meaningfully enhanced client and employee interactions with the Bank.","length":622,"tagName":"p"},{"type":"text","content":""Our partnership with Cognizant has been instrumental in advancing Flagstar's S2 transformation strategy, helping us move closer to becoming a top-performing, relationship fo...