About the Company

Khosla Labs is the fastest and most cost effective way to enable Digital India services. We are a Khosla Ventures backed company that offers Digital India services (Govt. and Regulated systems) for the private sector.

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Khosla Labs Pvt. Ltd.
#18/2A, GRS Towers, Second Floor
Above Cafe Coffee Day
Sarjapur Road
Bangalore 560103

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According to a report by Securitas , identity theft accounts for 35% of all financial frauds in India. Combine this with the possibility of using this money for terrorist funding, the problem doesn’t just stop at losing money.  While banks and financial institutions try their best to secure their systems to avoid loss, money launderers and criminal entities look to exploit new loopholes almost everyday. This is where KYC comes into the picture, KYC allows banks to confirm if the customer is who she says she is.    KYC is a requisite and mandatory requirement to verify the customers by collecting reliable information and supporting documents. Individuals verify their identity by providing government registered documents like passport, national ID card or any other

In our constant effort to improve Veri5Digital, we spend countless hours researching, evaluating and building products and features that can help “YOU” our customers.  Last month, our team worked on features that would allow you to customize your KYC app, be compliant with regulatory guidelines, configure flows and colors.   UIDAI We Do Flow Changes and UIDAI signature UIDAI’s latest update made changes in the flow of how Aadhaar XML was downloaded. Our new upgrade takes it into account and in addition also checks the new UIDAI signature on the Aadhaar XML to authenticate the information in the file.    Input Aadhaar Masking in XML We Do Flow RBI’s guidelines on KYC mandates masking of Aadhaar numbers and making sure the same is not stored. We implemented

In our introductory chapter we took you through the major highlights that RBI master circular on KYC had and how it affected you as a regulated entity.  In this installment of the blog we shall discuss outsourcing and audit related stipulations.  All regulated entities are expected to comply with audit related provisions of KYC Policy, following is a list of major provisions that you should be aware of,

UIDAI’s decision to charge for eKYC transactions, had considerable effect on financial institutes including banks and NBFC’s that were dependant on eKYC to fulfil their KYC obligations, though what most ignored was its effect on eSign, an online electronic signature service that can facilitate an Aadhaar holder to digitally sign a document. The decision made eSign expensive for several service providers who relied on eSign to automate their customer onboarding and processing flows.

RBI, SEBI, UIDAI and IRDAI tend to update their KYC mandate overtime and considering how official circulars are written most of us require the help of a legal expert to understand and interpret the changes and regulations that might affect you as an  enterprise registered and regulated by one of these entities. We spoke to our team of legal experts to help us understand what these mean and in this series we try to demystify each of these regulations for you. In our first chapter we try to interpret the most recent of these KYC mandates, this one by RBI. We would, to being with cover the major highlights of the RBI master circular on KYC here. here we go, The Reserve Bank

RBI's latest amendment of master directive on KYC, allowed regulated entities including banks to use offline Aadhaar for identifying and verifying their customers as required by PMLA act. This meant all private sector companies that had lost, an easy to use method of KYCing with eKYC, can now use Offline Aadhaar which is very similar to ekYC to KYC their customers. In this article we try to figure out what Offline KYC is and how it could be much better than eKYC. To begin with let us fist understand, what eKYC and Offline Aadhaar KYC are? Here we go, KYC or Know your customer, simply put is the process of identifying a customer with a goal of detecting and avoiding fraud in financial transactions,

Aadhaar, apart from being India's unique identity program was also responsible for changing the way how people looked at digital identity. The supreme court verdict on Aadhaar limited access of Aadhaar data by private companies and lead 2 drastic changes in the market, BFSI and other industries which relied on eKYC to verify and identify their customers, lost access to an inexpensive and fast KYC process Lead to the emergence of identity service providers who digitised the paper & plastic OVD's to streamline the use of ID cards for KYC Companies like Yoti and Veri5Digital entered the market to simplify how users shared their data and how service providers gained access to it while being completely compliant to the new data

Know your customer, alternatively known as know your client or simply KYC, is the process of a business verifying the identity of its clients and assessing their suitability, along with the potential risks of illegal intentions towards the business relationship.  - Wikipedia The government of India enacted Prevention of Money Laundering Act, in 2003 with an objective of preventing and control money laundering by antisocial elements. Under this act RBI mandated all financial institutions under it to make sure that they knew who they were providing the services to, this process is called KYC (know your customer). IRDA, SEBI followed suite and mandated KYC for the entities that come under their regulation. The primary reason why this is required is prevention of fraud, money laundering and

2018 was eventful! A quick Google or DuckDuckGo search would reveals more than 20 times in 2018, when a million users or more of a website, or a service or an app got their private information stolen. And that are the ones that we know of.  In a world where everything is connected to everything else and where social media companies, search giants and governments are more than ever, keen to gather as much data about you, as possible, Privacy has become more important than ever. The best way to protect your privacy is to be completely off of the internet, having said that it's not a solution that can be implemented. Internet has bought us more good than bad and staying

Gone are those days where all office data were stored externally in hard disks CDs etc, Today, most of the organization’s work is done in the cloud with multiple devices, which means the data can be accessed from anywhere by the company personnel.  Now the real problem arises here! What if someone else who doesn’t even belong to the organization accesses it? The thought itself would horrify some! So, to prevent this we have to come up with new ways to manage the employees’ identity so that only the right person will have access to the data. But adding too much security measures will smother the productivity. So, to find the right balance with security and productivity Identity and Access Management

When we started Aadhaar Bridge in 2015, the small team at Khosla Labs had one singular goal - to make it easier for companies to use Aadhaar API’s for their identity and on boarding needs, while staying 100% compliant with all regulations and guidelines. Over the course of our growth, we served more than 250 clients across industries while expanding our portfolio of products to include Video ID KYC, eSign, eNACH, AUA/KUA Hosting, Aadhaar Vault among others. As we expanded our products and services from being Aadhaar focussed to broader set of Digital India products and services such as eNACH,Video ID KYC, eSign (and many more to be launched), we wanted our new name to reflect this broader agenda, hence the new

Irrespective who you are, if you own an email id, have Facebook, Instagram or Google Plus account; you have an online profile, a web based personality. And if you are online chances are companies and organisations, government or otherwise have tracked your behaviour and have kept extensive records. Online, your persona is built by combining two interrelated sources of information Your online behaviour tracked by a machine And the personal data that you choose to share The data that machine tracks includes your purchase history, content that you read, data usage times, internet access times, URL's visited, device location and everything that involves you connecting to the web or using a device connected to the web. While the information that you share includes your birthday, name,

On 2nd March, 2019, the President of India vide the office of Ministry of Law and Justice notified the Aadhaar and Other Laws (Amendment) Ordinance, 2019 (“Ordinance”). The Ordinance proposes the same amendments as those contained in the Aadhaar Bill, 2018, which had been passed in the Lok Sabha this January. Most importantly, despite deleting section 57, the Ordinance re-introduces private sector use of the Aadhaar infrastructure through amendments to the Telegraph Act and the Prevention of Money Laundering Act.  In this article we try to demystify what this ordinance says and what it means for us, Aadhaar ecosystem has been defined: Aadhaar ecosystem has been defined by the Ordinance and the same classifies offline verification seeking entities and any other entity or

One of the best things about Aadhaar API was its ability to allow organisations like Banks and other financial institutions to instantly verify the identity of the customer, as required by RBI regulations. This meant new accounts and loan disbursements could be done almost instantly and with minimum to no human intervention. With the Supreme court’s verdict private institutions were barred from using Aadhaar APIs in September of 2018. Though with it’s latest ordinance Government of India now has allowed Banks and Telecom companies to use the API’s for user verification. With the APIs being back we thought it was the right time to help your developers understand how they could use the documentation that they got from UIDAI to integrate

KYC or Know your customer, simply put is the process of identifying a customer with a goal of detecting and avoiding fraud in financial transactions, as such it is legally binding to financial institutions including banks and NBFC’s.   Read more on What is KYC? Why is it important?   eKYC is when KYC is done electronically. With respect to Aadhaar, eKYC is defined as A paperless Know Your Customer (KYC) procedure, wherein the identity and address of the user are verified electronically through Aadhaar authentication. UIDAI built eKYC with a goal of simplifying customer acquisition and processing, especially in the wake of Indian governments digital India initiative, eKYC played a vital role helping poor get bank accounts and access to credit when required. With the explicit