AdvaRisk, an ICICI Bank and NABARD-backed fintech and India’s leading end-to-end collateral management platform, today announced the launch of Instant Ownership Check (IOC) — the country’s first AI-powered, real-time property ownership and valuation verification tool. Specifically designed for financial institutions, the platform streamlines ownership verification, enhances credit due diligence, and strengthens collateral monitoring.

The IOC platform offers instant access to verified property ownership records, including the latest ownership transaction executed on the property, along with comparable transaction values — all via a single API with nationwide coverage. It eliminates the need for manual, location-specific searches across Sub-Registrar Offices by drawing on property registration data from across India.

Now live in 14 states, the platform reduces ownership verification time from days or weeks to mere seconds. Utilizing property registration data, it delivers instant results on ownership transactions and transacted values of nearby properties. Four financial institutions have already adopted the IOC platform, including two leading private sector banks and a prominent housing finance company (HFC).

“With this launch, we’re helping financial institutions move toward smarter, faster, and more reliable credit decisions. Ownership verification is a critical step in secured lending. Errors here can lead to fraud, litigation, and significant losses. Our AI-powered IOC tool ensures lenders can instantly validate the legitimacy of collateral presented for loans,” said Vishal Sharma, Co-founder & CEO of AdvaRisk.

The platform currently covers properties across Telangana, Andhra Pradesh, Delhi, Gujarat, Maharashtra, Bihar, Uttar Pradesh, Uttarakhand, Chandigarh, Kerala, West Bengal, Madhya Pradesh, Karnataka, and Tamil Nadu.

According to RBI data, Indian banks reported 18,461 fraud cases amounting to ₹21,367 crore in the first half of FY25. While the exact share of collateral-related fraud remains unclear, the RBI has urged financial institutions to strengthen monitoring systems and enhance coordination with enforcement agencies.

AdvaRisk’s broader suite of offerings helps institutions track and monitor collateral in real time, flag ownership and encumbrance changes, and identify fraudulent sales of mortgaged assets. The company has built India’s largest digitized property database, with over 550 million records across urban, semi-urban, and rural areas. It actively manages a portfolio of over 45 million properties for 50+ institutions, including top public and private sector banks, NBFCs, and HFCs.