MRV Banks, named for the Mississippi River Valley it serves, has been dedicated to serving consumers and small businesses across Missouri since its founding in 2007. With a mission to empower people to achieve their financial goals through long-term banking relationships, MRV Banks prides itself on making decisions with its communities in mind. The bank has a strong referral network that extends beyond its five locations in Missouri to customers across the U.S.

Why did MRV Banks outgrow its original core platform?

While MRV Banks’ original core banking solution was suitable when the bank was established, it lacked capabilities to support extensive growth. As the bank matured, it needed a modern platform that could scale the business efficiently and support a growing commercial client base.

In addition to enhancing operational functionality and integration capabilities, MRV Banks wanted to expand client services without creating additional operational overhead or headcount. The outcome needed to align with the bank’s "lean and mean" operational philosophy while continuing to deliver high-touch customer service.

How did a modern core banking platform support MRV Banks’ growth?

In 2018, MRV Banks migrated to FIS® HORIZON XE core. A powerful, scalable solution, HORIZON XE offered the advanced functionality to support the bank’s growth ambitions. This move was the cornerstone of a broader technological transformation MRV Banks undertook in partnership with FIS.

Following the core conversion, MRV Banks implemented a wide range of FIS solutions to address operational and customer-facing needs, and support the growing business with consistent efficiency, stability and compliance:

• Digital banking through FIS® Digital One™ Flex provides a modern and seamless digital experience for clients across the country.
• Document management facilitated by FIS® FCM Collaboration Hub and FIS® Item Processing reduces manual labor for document handling and check processing.
• Automation supported by FIS® Digital Data Exchange and FIS® Code Connect .
• Commercial services capabilities with FIS® Commercial Lending Suite and Item Processing help serve the bank’s commercial relationships.

What results did MRV Banks achieve with FIS banking solutions?

The FIS partnership and suite of banking products have been instrumental in helping MRV Banks achieve scalable growth while maintaining a commitment to stability and efficiency. Since 2018, MRV Banks’ assets have doubled without a proportional increase in staff.

Looking ahead, MRV Banks plans to continue leveraging its partnership with FIS to expand its fintech business, enhance commercial offerings and explore new marketing capabilities to grow its consumer base. The bank’s ability to innovate and adapt, supported by FIS’ forward-looking technology and dedicated support, ensures it is well-positioned for future success.