Union Bank of India
Union Bank Bhavan 239, Vidhan Bhavan Marg Nariman Point,
Mumbai, 400021,
India
Mumbai, 400021,
India
91 22 2289 2000
Banking and Financial Services
Union Bank of India Technographics
Union Bank of India Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Union Bank of India and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 75594 Union Bank of India employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Union Bank of India has purchased the following applications: Oracle E-Business Suite for ERP Financial in 2015, Oracle Cloud HCM Absence Management for Absence and Leave Management in 2015, Infosys Finacle for Core Banking in 2016 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Union Bank of India is running and its propensity to invest more and deepen its relationship with Oracle , Infosys , Obopay or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Union Bank of India revenues, which have grown to $5.90 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Union Bank of India intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Union Bank of India Tech Stack and Enterprise Applications
Union Bank of India ERP
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle E-Business Suite | ERP Financial | ERP | n/a | 2015 | 2015 |
In 2015, Union Bank of India implemented Oracle E-Business Suite r12 in a focused project at its Mumbai site in Maharashtra between May 2015 and July 2015, concentrating on General Ledger and Financial Statement Generator reporting. The engagement targeted core finance functions under the ERP Financial category to standardize ledger accounting and statutory and management statement production across the bank and its distributed locations.
The implementation configured General Ledger and the Financial Statement Generator, delivering a set of 58 FSG reports. Configuration work included defining the accounting flexfield structure and chart of accounts, Ledger, Operating Unit, Calendar and multi currency settings. Multi reporting currency and consolidation capabilities were defined, along with revaluation and translation processes. FSG design used row set, column set, content set and row order constructs to meet varied statement layouts.
Oracle E-Business Suite was integrated with the bank s Finacle system to obtain transactional data required to produce CO and ZO breakup formats for reporting. WEB-ADI was provisioned to import very large journal line loads for period close processing. The deployment covered reporting needs for multiple local branches and three international branches, impacting finance, consolidation and statutory reporting functions across the organization.
Project governance emphasized requirement gathering, demonstration of standard FSG functionality and iterative configuration. Responsibilities included capturing reporting requirements, recommending applicable standard functionality, preparing the 58 FSG reports for dispersed stakeholders, and operationalizing GL processes and mass journal import workflows. The implementation established configured reporting structures and ingestion processes to support ongoing GL and FSG operations under Oracle E-Business Suite within the bank s ERP Financial landscape.
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Union Bank of India HCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Oracle PeopleSoft Absence Management | Oracle Cloud HCM Absence Management | Absence and Leave Management | HCM | n/a | 2015 | 2015 |
In 2015, Union Bank of India implemented Oracle Cloud HCM Absence Management as its centralized Absence and Leave Management capability. The deployment replaced Oracle PeopleSoft Absence Management and established Oracle Cloud HCM Absence Management as the bank's primary system for leave administration across its India operations supporting 75,594 employees.
The implementation focused on standard absence lifecycle functionality, including configuration of absence types, entitlement and accrual rules, balance calculations, employee self-service requests, and multi-level manager approvals. Configuration work referenced category-aligned controls such as eligibility rules and approval workflows, with fast formulas applied to absence accrual and eligibility logic as part of rule customization.
Architecturally, the rollout used the Oracle Cloud HCM tenancy model with role based access controls and workforce data instrumentation to feed BI reporting and transaction loads. Technical tasks noted in the implementation scope included HCM Data Loader and BI report configuration for bulk data loads and operational reporting, and alignment of absence records with Core HR and Payroll module data models within Oracle Cloud HCM to ensure consistent employee master data and payroll eligibility.
Governance and operational handover emphasized upskilling existing HR and IT administrators who had Oracle PeopleSoft experience, shifting leave administration processes into centralized cloud workflows and established approval guardrails. The program included administrator training on fast formulas, HDL and BI reports to sustain ongoing configuration, policy updates, and operational reporting.
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Core HR | HCM |
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2013 | 2014 |
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Core HR | HCM |
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2015 | 2015 |
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Employee Self Service | HCM |
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2013 | 2014 |
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Payroll | HCM |
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2013 | 2014 |
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Payroll | HCM |
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2015 | 2015 |
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Union Bank of India ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Infosys | Legacy | Infosys Finacle | Core Banking | ERP Services and Operations | n/a | 2016 | 2016 |
In 2016, Union Bank of India implemented Infosys Finacle as its Core Banking platform. The deployment was delivered by Infosys and focused on centralizing transaction processing and customer account management within the bank's core ledger and account systems.
Infosys Finacle was configured to support standard Core Banking capabilities including deposit and loan processing, customer information management, transaction posting and reconciliation, and payments processing. Configuration work emphasized account lifecycle workflows, teller and branch transaction orchestration, and system parameterization consistent with large bank core processing requirements.
M/s Infosys Limited was also contracted to implement GDPR, the General Data Protection Regulation, for Union Bank of India, UK with a contract value of 42,00,000. That GDPR effort extended Finacle-level data protection controls and introduced data governance and compliance workflows into the Core Banking environment, aligning platform controls with regulatory requirements for the bank's UK operations.
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Digital Banking | ERP Services and Operations |
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2011 | 2011 |
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Union Bank of India Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Analytics and BI | Analytics and BI |
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2017 | 2017 |
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Union Bank of India Blockchain
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Blockchain Platform | Blockchain |
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2019 | 2019 |
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Union Bank of India Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Collaboration | Collaboration |
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2016 | 2016 |
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Union Bank of India Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Asset and Wealth Management | Investment Management |
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2006 | 2007 |
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Union Bank of India TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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AML, Fraud and Compliance | TRM |
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2016 | 2016 |
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AML, Fraud and Compliance | TRM |
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2017 | 2017 |
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AML, Fraud and Compliance | TRM |
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2015 | 2015 |
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AML, Fraud and Compliance | TRM |
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2024 | 2024 |
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Union Bank of India PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Apps Development | PaaS |
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2016 | 2016 |
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Union Bank of India IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Hosting and Computing Services | IaaS |
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2020 | 2020 |
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Network Management and Monitoring | IaaS |
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2020 | 2020 |
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Network Virtualisation | IaaS |
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2017 | 2018 |
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Servers, Storage and Networking | IaaS |
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2013 | 2013 |
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Union Bank of India CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Secure Sockets Layer (SSL) | CyberSecurity |
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2020 | 2020 |
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IT Decision Makers and Key Stakeholders at Union Bank of India
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| No data found | ||||||
Apps Being Evaluated by Union Bank of India Executives
APPS RUN THE WORLD tracks software evaluation trends across 2 million companies worldwide, including buyer insights from Union Bank of India IT executives and key decision makers. As part of ARTW Buyer Intent and technographics insights, these findings provide useful visibility into the Union Bank of India digital transformation priorities and AI adoption trends.
| Date | Company | Status | Vendor | Product | Category | Market |
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FAQ - APPS RUN THE WORLD Union Bank of India Technographics
Union Bank of India is a Banking and Financial Services organization based in India,
with around 75594 employees and annual revenues of $5.90 billion.
Union Bank of India operates a diverse technology stack with applications such as
Oracle E-Business Suite, Oracle Cloud HCM Absence Management and Infosys Finacle,
covering areas like ERP Financial, Absence and Leave Management and Core Banking.
Union Bank of India has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as Oracle and Infosys.
Union Bank of India recently adopted applications including
Zoho CRM in 2024, Infosys Finacle Alerts in 2024 and bodHOST Cloud Services in 2020,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Union Bank of India’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates Union Bank of India’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete Union Bank of India technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.