Flagstar Financial, Inc.

Fiserv and Flagstar Bank announced that Flagstar has selected Finxact from Fiserv as the cornerstone of its core modernization strategy. Finxact, a cloud-native core banking platform, will serve as the next-generation system of record and transaction processing engine for Flagstar, replacing legacy technology and supporting the bank's unified technology transformation initiative, the Flagstar S2 Platform. Flagstar, one of the nation's largest regional banks with $87.7 billion of assets as of June 30, 2026, will implement planned conversions in a phased approach. The platform's real-time, temporal transaction processing eliminates end-of-day batch reconciliation and is designed to enable faster product development and embedded finance.

Solar Landscape has closed an oversubscribed $125 million revolving credit facility led by M&T Bank, with participation from Flagstar Bank, Atlantic Union Bank, and Valley Bank. The facility expands an existing relationship with M&T Bank and provides flexible working capital to support project throughput across Solar Landscape's growing development pipeline. The financing enables the company to advance projects more efficiently from origination to construction readiness, accelerating the deployment of distributed energy infrastructure amid rapidly growing electricity demand. Solar Landscape's Chief Financial Officer Clayton Avent said the partnership strengthens the development platform and allows the company to bring new megawatts online faster. The facility complements Solar Landscape's broader capital strategy and supports continued year-over-year EBITDA growth.

Figure Technology Solutions reported strong first-quarter 2026 results, with Consumer Loan Marketplace volume jumping 113% year-over-year to $2.9 billion. Net revenue rose 98% to $167 million, net income reached $45 million, and adjusted EBITDA climbed 192% to $83 million. The company added a record 80 new partners, including Flagstar Bank, and its Figure Connect platform accounted for 56% of consumer loan marketplace volume. Figure Technology ended the quarter with $1.5 billion in cash and cash equivalents and announced Figure Forge, a platform to fractionalize whole loans into liquid units.