Fiserv, Inc. announced that Mi BANK will leverage Fiserv technology and expertise as it opens its doors as the first de novo bank in Michigan in a decade. Based in Bloomfield Township, Mi BANK is focused on serving the distinct financial needs of mid-size and commercial businesses. Following a wave of acquisitions, the banking dynamic in the Bloomfield Township area changed, leaving a space that Mi BANK is launching to fill. The bank will combine the principles of community banking with access to the specialized capabilities that businesses require. Farr and others on his team had prior experience with Fiserv, and the functionality of current Fiserv solutions as well as the company’s experience supporting other de novos gave the bank confidence in moving forward. With a focus on providing robust technology-driven capabilities, Mi BANK will implement a full suite of solutions including core account processing, commercial lending, digital banking, remote deposit capture, wire transfers, and 24/7 account opening. In addition to technology implementation, Fiserv will provide training to bank staff, helping them to maximize the features of their technology investment.
Fiserv, Inc. specializes in the development and integration of IT solutions for the financial and insurance sectors. Net sales break down by activity as follows:
- on-line banking and investment support (77.7%): solutions for on-line payment, solutions for placing share orders, paying for securities, managing retirement savings plans, etc.;
- financial management (16.6%): transaction and loan management solutions, data treatment, CRM, hosting solutions of online activities and outsourcing services for financial institutions (banks, leasing companies, real estate lending companies, etc.) and insurance companies;
- other (5.7%).
The United States account for 85% of net sales.
FISERV, INC. 
