Flagstar Bank Taps Fiserv’s Finxact for Core Overhaul

Queensland Country Bank is undertaking a broad modernization of the technology underpinning its banking operations and customer services. Updating core banking, card management, lending and customer relationship systems can help the Australian lender integrate data, shorten product development cycles and improve digital experiences. The project is significant because it extends beyond a single customer-facing application to the bank’s underlying architecture.

The lender said it will deploy Fiserv’s Finxact core banking platform and Vision Next card management system, alongside VeriPark’s digital banking, loan origination and CRM products. The combination will support a wider overhaul of Queensland Country Bank’s technology stack and service delivery. The parties did not disclose the contract value, implementation timetable or planned launch date in the information provided.

Bank of Maldives, founded in 1982, is the country’s largest bank by assets and branch presence, serving more than 390,000 customers through branches, self-service centers, ATMs and digital channels. Modernizing its core infrastructure is significant because the system underpins product development, transaction processing and customer service across the archipelago, including both conventional and Islamic banking products.

Finastra said on July 21, 2026, that BML had selected its next-generation Essence platform as the foundation of the bank’s long-term digital transformation. The implementation is expected to speed the launch of products and services while streamlining operations through greater automation and straight-through processing. The companies did not disclose the contract value, implementation cost or target date for completing the migration.