In a bold step towards modernizing its operations, Bank of Commerce (BankCom), a prominent Philippine bank, has successfully migrated to a new core banking system. This significant upgrade, which encompasses the bank’s 140 branches and expansive ATM network, was officially announced on September 15, 2025.
BankCom’s ambitious project was brought to fruition through a partnership with Infosys, a leader in digital banking solutions, and IBM, renowned for its expertise in global hybrid cloud services and artificial intelligence. BankCom president and CEO Michaelangelo R. Aguilar highlighted the collaborative effort behind the migration, noting that it was completed in just one weekend due to the seamless coordination among employees, vendors, and partners.
Aguilar emphasized the importance of these advancements, stating, “These enhancements are a significant part of our digital transformation, as we continue to innovate to help ensure we’re delivering better banking experiences for our customers.” As part of the upgrade, BankCom aims to enhance flexibility in its product and service offerings while significantly improving the efficiency, reliability, and security of its banking experience.
BankCom is not just any bank; it’s a publicly-listed universal institution and an affiliate of the San Miguel Corporation (SMC). The bank reported an impressive unaudited net income of PHP 1.86 billion as of June 30, 2025, further solidifying its position as a key player in the Philippine banking landscape.
What motivated BankCom to upgrade its core banking system?
BankCom aims to innovate and enhance customer experiences through improved flexibility, efficiency, and security across its banking services.
How long did the migration take and what facilitated its success?
The migration was completed in just one weekend, thanks to the close cooperation among employees, vendors, and partners.
What is BankCom’s recent financial performance?
As of June 30, 2025, BankCom reported an unaudited net income of PHP 1.86 billion, strengthening its market presence and financial stability.
