KB Kookmin Bank Signs Business Agreement with ITCencore for HR Innovation in SMEs

Expansion of Embedded Finance Based on the HR Management Platform "NOMU365"

On July 8, KB Kookmin Bank announced that it had signed a business agreement with ITCencore, the operator of the HR management platform 'NOMU365', to promote management innovation for small and medium-sized enterprises (SMEs).

At the signing ceremony held on the 8th at the headquarters of ITCencore in Gwacheon, Gyeonggi Province, from the right, Hyunwook Kim, Deputy Head of Corporate Client Group at KB Kookmin Bank, and Wanho Kim, CEO of ITCencore, are posing for a commemorative photo. KB Kookmin Bank

This agreement was established to help SMEs respond to the changing labor environment, such as stricter regulations on the comprehensive wage system, by reducing the burdens of HR and payroll management. It also aims to provide a digital management environment connected to financial services.

The agreement ceremony was held on this day at ITCencore’s headquarters in Gwacheon, with key figures from both companies in attendance, including Wanho Kim, CEO of ITCencore, and Hyunwook Kim, Vice President of Corporate Customer Group at KB Kookmin Bank.

NOMU365 is a cloud-based HR management platform specialized for small business owners and SMEs. It automates work such as recording attendance, managing work attitudes (attendance management), and calculating payroll. The platform also helps companies manage labor risks by accurately reflecting actual working hours based on objective attendance data.

Through this agreement, the two companies will link ITCencore’s HR management platform with KB Kookmin Bank’s embedded financial services. Moving forward, they plan to expand the platform so that users can handle labor contract signing, attendance management, issuance of HR certificates, payroll transfers, account inquiries, collection, and other financial management features all in one place.

A representative from KB Kookmin Bank stated, “This agreement will serve as an opportunity to enhance the work convenience of SME customers by integrating HR management platforms with financial services. We will continue to expand digital-based corporate financial services to support the sustainable growth of SMEs.”

This content was produced with the assistance of AI translation services.