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.

Address

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

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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.