Cloud-Enabled Payroll and AI-Driven Employee Self-Service
FinTech BizNews Service
Mumbai, November 3, 2025: The Bank has achieved a major digital milestone by successfully going live with
Oracle HCM Cloud Payroll integrated with AI Agents, in collaboration with Kovaion Consulting. With this, it
becomes the first in India’s BFSI industry to adopt AI-powered automation for payroll and HR operations.
This initiative enhances automation, accuracy, and employee experience, setting a new benchmark for HR
transformation in banking. The AI Agents within Oracle HCM Cloud will streamline absence management,
reimbursements, driving efficiency and support for the workforce.
Speaking on the achievement, Mr. Salee S. Nair, MD & CEO, said, “The migration to Oracle HCM Cloud Payroll with AI integration marks a key step in our digital journey, enhancing operational efficiency and redefining
employee experience while maintaining our legacy of trust and innovation.”
The project was executed jointly by Oracle, Kovaion Consulting, and internal teams.
Nanda Kumar, Founder and Director of Kovaion Consulting, added, “Our collaboration with the bank and
Oracle focused on creating a future-ready system built on trust, scalability, and precision.”
This transformation reinforces the organization’s commitment to innovation, modernization, and people-first growth combining human trust with machine intelligence to define the future of digital HR in banking.
