CDSL Ventures Limited receives AUA/KUA Approval from UIDAI. CDSL Ventures Limited (“CVL”), the wholly owned subsidiary of CDSL, is pleased to announce that it has received the approval to begin its operations as a local Authentication User Agency (AUA)/e-KYC User Agency (KUA) with UIDAI from the competent authority vide their approval dated Feb 25, 2021.
The approval enables CVL to enable digital services as the AUA/KUA and will further facilitate intermediaries to offer seamless online account opening using online Aadhaar based eKYC and eSign.
Currently, CVL is also registered as a Certifying Authority with Controller of Certifying Authorities (CCA) for providing Aadhaar based eSign Services to capital market intermediaries. The Aadhaar based eKYC service coupled with the Aadhaar based eSign service will facilitate online account opening and will reduce the turnaround time for online KYC and account opening.
CVL will also be shortly launching an On-Line Account Opening (OLAO) software for facilitating intermediaries to perform online KYC and open demat and broking accounts of their clients.
CVL’s OLAO would provide a thrust to seamless online account opening using online Aadhaar based eKYC and eSign and intermediaries register and go live as Sub-KUAs.