Fiserv Expands Further in U.S. Market With Michigan-Based Mi Bank

Leading fintech solutions provider Fiserv continues its business expansion in the U.S. market. Mi Bank, a Michigan-based bank with a full range of products and services tailored to business owners, will deploy Fiserv’s technology and expertise.

Created to set a new standard of excellence for business banking by providing next-level commitment to service, personalizations, flexibility, and responsiveness, Mi Bank plans to make the best use of Fiserv’s solutions, including core account processing, commercial lending, digital banking, remote deposit capture, wire transfers, and 24/7 account opening.

Rob Farr – Founder, Chairman and CEO of Mi Bank

Rob Farr, founder, chairman and CEO of Mi Bank, commented: “Local businesses like to bank with local financial institutions that understand the dynamics and challenges they face. Fiserv gives us the technology foundation we need and has demonstrated flexibility in accommodating us as a new bank looking to address a gap in our market […] Fiserv is providing hands-on support to set up our suite of solutions, doing the heavy lifting and easing the process for our internal staff.”

Todd Horvath, president, Bank Solutions at Fiserv, said: “By taking a tech-forward approach, Mi BANK is ready to offer the experiences and capabilities that businesses expect from their financial provider. Fiserv offers a springboard to growth for the bank as they prepare to serve customers for years to come.”

Mi Bank, which is launching following a wave of acquisitions in the local banking sector, combines the principles of community banking with access to the specialized capabilities that businesses require. In addition to technology implementation, Fiserv will provide training to bank staff, helping them to maximize the features of their technology investment.

In May 2018, Fiserv became the first financial technology company in the card processing industry to bring Card Risk Office SM Fraud Warning to the market. The solutions, developed by fraud analytics firm Rippleshot, allows financial institutions to identify potential fraud events 30-60 days prior to network alerts.

LuLu Exchange, a global FX and money remittance enterprise based in Abu Dhabi, has enhanced its financial crime prevention capabilities with Fiserv in late 2017. In February 2018, the leading global financial technology solution provider has rolled in Harry F. DiSimone, 63, as a new member the board.
About Mi BANK : Mi BANK was created to set a new standard of excellence for business banking by providing next-level commitment to service, personalization, flexibility, and responsiveness. Headquartered in southeast Michigan, Mi BANK offers a full range of products and services tailored to business owners. The goal of Mi BANK is to take care of businesses and the busy people who run them. For more information about Mi BANK, visit
About Fiserv : Fiserv, Inc. (FISV) enables clients worldwide to create and deliver financial services experiences in step with the way people live and work today. For 35 years, Fiserv has been a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is a member of the FORTUNE® 500 and has been named among the FORTUNE Magazine World’s Most Admired Companies® for five consecutive years, recognized for strength of business model and innovation leadership. Visit and follow on social media for more information and the latest company news.