BlackJack3D Flagstar Bank, N.A., ( FLG ) named five senior technology leaders to accelerate the next phase of its "Simple and Sophisticated (or S2) Bank" platform transformation, the company said on Monday. Flagstar ( FLG ) stock gained 3.7% in morning trading, outpacing the KBW Nasdaq Regional Banking Index's ( KRX ) 1.4% increase. The S2 initiative is the bank's multi-year program to replace thr...
BlackJack3D Flagstar Bank, N.A., ( FLG ) named five senior technology leaders to accelerate the next phase of its "Simple and Sophisticated (or S2) Bank" platform transformation, the company said on Monday. Flagstar ( FLG ) stock gained 3.7% in morning trading, outpacing the KBW Nasdaq Regional Banking Index's ( KRX ) 1.4% increase. The S2 initiative is the bank's multi-year program to replace three legacy banking environments with a unified, modern technology for the next decade. " S2 reimagines the bank's technology architecture around the customer journey, ensuring every investment improves the speed, simplicity, and intelligence of the banking experience," the company said. "Every system built, every integrated platform, and every strengthened control must pass a simple test: does this make the experience better for the people we serve?" said Jason Pope, executive vice president and chief technology officer, Flagstar Bank, N.A. The new hires include: Christina Previti, senior vice president, head of technology product, joins Flagstar ( FLG ) after 13 years at JPMorgan Chase ( JPM ). She has held leadership roles across strategy, technology product, operations, and human resources in New York and Hong Kong. Eric Gunn, senior vice president, distinguished engineer, information security, comes from U.S. Bank ( USB ), where he most recently served as vice president and director of adversary emulation and range operations. James Kratzer, senior vice president, distinguished engineer, site reliability engineering, has more than 15 years of experience in regulated financial services, global content delivery networks, and aerospace defense. Most recently, he was senior manager of cloud security at Silicon Valley Bank. Robert Martin, senior vice president, distinguished engineer, head of AI and engineering, brings more than 30 years of experience in designing, governing, and operating identity and access management solutions across highly regulated industries. Before Fla...