FLAGSTAR BANK ANNOUNCES PROPRIETARY TECHNOLOGY TRANSFORMATION

About this update from Flagstar Bank, N.a.

Bank establishes proprietary rights over its enterprise platform and novel AI system HICKSVILLE, N.Y., June 15, 2026 /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") today announced significant progress in its strategic technology transformation, establishing proprietary rights over its enterprise platform and novel AI system designed for regulated financial services. THE INVESTMENT & STRATEGIC VISION Recognizing that modernizing technology is critical to future success, Flagstar architected a purpose-built technology foundation with a deep understanding of financial regulatory requirements, reflecting how a modern regulated bank operates today. Rather than relying on third-party solutions, Flagstar's approach reflects a broader institutional commitment to developing differentiated capabilities. "Technology innovation is a key part of the Bank's strategic plan and central to achieving our vision of being a best-in-class bank for all of our customers," said Christopher Higgins, Executive Vice President and Chief Information & Operations Officer at Flagstar Bank. "Protecting the intellectual property behind our transformation is about more than legal defensibility — it signals to the market, our regulators, and our customers that Flagstar is building a modern institution with unique capabilities that differentiate how we serve and protect our stakeholders." The Flagstar S2 Platform™: A Technology Brand As part of today's announcement, the Bank has applied to obtain a trademark registration for the branding of its enterprise technology transformation platform, Flagstar S2 Platform™ — Simple and Sophisticated. The Flagstar S2 Platform™ represents the Bank's unified technology transformation initiative which includes the consolidation of three legacy banking environments (Flagstar Bank, New York Community Bank, and Signature Bank), six data centers, and disparate technology stacks into a modern, integrated foundation. The platform delivers simplicity and elegance that reduces costs, improves customer and employee experience, and drives enterprise value. The trademark will cover three key categories. StarIQ: A Patent-Pending Novel Enterprise AI System The Bank has also filed for a provisional patent application for StarIQ, its proprietary enterprise generative AI orchestration system. StarIQ...

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