August 26, 2025San Miguel Corporation (SMC) affiliate Bank of Commerce (BankCom) said it has completed its migration to a new core banking system – replacing legacy infrastructure and upgrading its 140 branches and entire ATM network to more advanced systems that will enable the bank to deliver the best financial solutions for customers nationwide. BankCom President and CEO Michelangelo R. Aguilar said the bank teamed up with both Infosys – an industry leader in digital banking solutions – and IBM – leading provider of global hybrid cloud and AI – to rollout the upgrade. The migration was completed over just one weekend, owing to close cooperation between employees, vendors, and partners. It is seen to make transactions simpler and faster for customers, whether online or in person at BankCom branches. “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,” Aguilar said. “Apart from bringing flexibility to our product and service offerings, we will also have the capability to deliver a more efficient, reliable, and secured banking experience for all,” he added. About Bank of Commerce Bank of Commerce is a publicly-listed universal bank that has helped its clients, communities and the conglomerate’s partners by delivering the best choice of financial services harnessing the strengths of the SMC Group. BankCom posted an unaudited net income of PHP 1.86 billion as of 30 June 2025, up 31% year-on-year primarily due to strong revenue growth. BankCom maintains a network of 140 branches and 272 Automated Teller Machines (ATMs) including Cash Kiosks strategically located nationwide.