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July 19, 2024

Bank of Commerce chooses Infosys Finacle for digital transformation

Bank of Commerce (BankCom), an affiliate of San Miguel Corp., has selected Infosys Finacle to accelerate its digital transformation and enhance the banking experience for customers, upgrading systems with advanced solutions to replace legacy infrastructure, as stated in a disclosure to the Philippine Stock Exchange.

Bankero, BankCom President and CEO Michelangelo R. Aguilar highlighted the importance of modernizing the core banking system to deliver a truly digital banking experience, aligning with industry best practices and meeting evolving market expectations, especially within the San Miguel Group and SMC ecosystem.

Meanwhile, Infosys Finacle Senior Vice President Venkatramana Gosavi expressed confidence in helping BankCom achieve a client-focused banking platform, facilitating the rapid rollout of new products and services, and enhancing security and user-friendliness through open APIs.

The partnership includes features like Finacle’s Customer Data Hub for convenient and personalized banking, Liquidity Management for optimizing liquidity across devices and borders, and Finacle Alerts to keep customers informed about significant account activities promptly.