Vikv10: general refine layout to improve readability additionally and added references

2025-10-15T17:39:44Z

general refine layout to improve readability additionally and added references

>BattyBot: Removed/fixed incorrect author parameter(s), performed general fixes

2021-10-01T15:14:16Z

Removed/fixed incorrect author parameter(s), performed general fixes

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{{Advert|date=August 2021}}
{{Use dmy dates|date=July 2018}}
{{Use Indian English|date=July 2018}}
{{Infobox company
| name = CRIF High Mark Credit Information Services
| logo = Crif-high-mark.png
| logo_size = 200px
| type = Private limited company
| founder =
| key_people = Larry Howell, [[Chairman]]<ref>{{cite web |url=http://www.efytimes.com/e1/fullnews.asp?edid=24548 |title=Fair Isaac, High Mark Launch Global FICO Score For Indian Lenders |publisher=Efytimes.com |date=2010-12-08 |access-date=2010-12-19 |archive-url=https://web.archive.org/web/20110108012020/http://www.efytimes.com/e1/fullnews.asp?edid=24548 |archive-date=8 January 2011 |url-status=dead }}</ref> Navin Chandani, [[CEO]] & MD<ref>{{cite web|url=https://www.livemint.com/Home-Page/5F3vMg2gJeAxnLOlsXd8TN/Microfinance-lenders-to-stop-multiple-loans.html|title=Microfinance lenders to stop multiple loans - Livemint|website=www.livemint.com|date=17 December 2009}}</ref>
| industry = Financial Services
| services = [[Credit bureau]], [[risk analysis]], [[software]] and decision analytics
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| num_employees =
| foundation = {{start date |2005}}<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=40542657|title=CRIF High Mark Credit Information Services Private Limited: Private Company Information - BusinessWeek |publisher=Investing.businessweek.com |access-date=2010-12-19}}</ref>
| location = [[Mumbai]], [[Maharashtra]], [[India]]
| caption =
| market cap =
| homepage = {{URL |crifhighmark.com}}
}}
'''CRIF High Mark Credit Information Services Pvt. Ltd.''' is an [[Reserve Bank of India|RBI]] approved [[credit bureau]] in India.<ref name=":0">{{Cite news|url=https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/high-mark-credit-information-services-becomes-crif-high-mark-post-share-sale/articleshow/42097709.cms|title=High Mark Credit Information Services becomes CRIF High Mark post share sale|date=2014-09-09|work=The Economic Times|access-date=2019-03-26}}</ref><ref>{{Cite web|url=http://www.banknetindia.com/banking/101211.htm|title=High Mark Credit Information Services is 4th credit information company in India - Banknet India|website=www.banknetindia.com|access-date=2019-03-26}}</ref> It serves retail, agriculture and rural, MSME, commercial and microfinance.<ref name=":1">{{Cite web|url=https://www.thehindubusinessline.com/money-and-banking/crif-opens-new-centre-for-predictive-analytics-and-decision-solutions/article8731942.ece|title=CRIF opens new centre for predictive analytics and decision solutions|website=@businessline|language=en|access-date=2019-03-26}}</ref><ref name=":2">{{Cite web|url=https://www.biia.com/crif-high-mark-celebrates-5-years-of-credit-bureau-operations|title=CRIF High Mark India Celebrates 5 years of Credit Bureau Operations {{!}} BIIA.com {{!}} Business Information Industry Association|website=www.biia.com|access-date=2019-03-26}}</ref><ref name=":3">{{Cite web|url=https://bfsi.eletsonline.com/crif-supporting-banks-in-digital-journey/|title=CRIF- Supporting Banks in Digital Journey|last=Rashi|website=BFSI|date=27 February 2017|language=en-US|access-date=2019-03-26}}</ref>

The company was incorporated in 2005 and is based in [[Mumbai]].<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=40542657|website=www.bloomberg.com|access-date=2019-03-26}}</ref> It launched its credit bureau operations in 2010 and has a database of over 120+ crore credit records as of July 2018.<ref name=":4">{{Cite web|url=https://www.bloombergquint.com/business/will-rbis-public-credit-registry-disrupt-indias-successful-credit-bureaus|title=Will RBI's Public Credit Registry Disrupt India's Successful Credit Bureaus?|website=BloombergQuint|access-date=2019-03-26}}</ref> CRIF High Mark covers nearly 38 crore unique borrowers as of Oct 2018.<ref>{{Cite web|url=https://www.newsbarons.com/banking-and-finance/setting-the-credit-score-with-psychometric-assessment-parijat-garg-crif-highmark/|title=Setting the credit score with Psychometric assessment: Parijat Garg, CRIF Highmark|last=Bhargava|first=Latika|date=2018-10-31|website=Newsbarons|language=en-US|access-date=2019-03-26}}</ref> It manages the world's largest microfinance credit bureau database.<ref name=":2" />

CRIF High Mark supports over 4,000 credit institutions including over 1,000 cooperative banks and insurance companies, providing them with credit information, analytics and scoring, decision and software.<ref name=":2" /><ref name=":3" /><ref name=":4"/> In addition, it works with telecom service providers, credit rating agencies and Sebi-registered brokers. Consumers can also directly access their credit scores from CRIF High Mark. It keeps a record of repayment history, defaults and frauds on loans and credit facilities extended to individuals or businesses across the country. These services help lenders to analyse the risk profile of the borrower before extending new credit and keep non-performing loans in check.<ref name=":5">{{Cite news|url=https://in.reuters.com/article/idINIndia-38007420090213|title=Battery ventures invests $1 mln in high mark credit information|date=2009-02-13|work=Reuters|access-date=2019-03-26|language=en}}</ref> Consumers can check their own credit report and credit scores from the company's website.<ref name=":6">{{Cite web|url=https://www.livemint.com/Money/HSMi5PkB86aek34QLParjN/You-can-get-4-free-credit-reports-each-year.html|title=You can get 4 free credit reports each year|last=Saleem|first=Shaikh Zoaib|date=2018-05-21|language=en|access-date=2019-03-26}}</ref>

== History ==
CRIF High Mark Credit Information Services Private Limited was formerly known as High Mark Credit Information Services Private Limited.<ref>{{Cite web|url=http://www.crifhighmark.com:8026/about-us/|title=CRIF High Mark {{!}} India's First Full Service Credit Information Company|website=www.crifhighmark.com|access-date=2019-03-26}}{{Dead link|date=July 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> High Mark was founded in 2007 by Dr. Anil Pandya.<ref name=":5" /> In 2014, CRIF, an Italy based firm acquired majority stakes in the company and the name changed to CRIF High Mark.<ref name=":7">{{Cite web|url=https://www.livemint.com/Companies/BJ7zRebZhPRZkRGiUbUFmN/CRIF-acquires-majority-stake-in-High-Mark.html|title=CRIF acquires majority stake in High Mark|last=Abhyankar|first=Nikita|date=2014-06-04|language=en|access-date=2019-03-26}}</ref>

CRIF holds 70% in CRIF High Mark. CRIF High Mark's other shareholders include [[State Bank of India]], [[Punjab National Bank]], [[SIDBI]], Edelweiss, Shriram City Union Finance, and Alpha, which is a consortium of microfinance institutions.<ref name=":8">{{Cite web|url=https://www.vccircle.com/italys-crif-acquires-majority-stake-credit-information-firm-high-mark|title=Italy's CRIF acquires majority stake in credit information firm High Mark|date=2014-06-05|website=VCCircle|language=en-US|access-date=2019-03-26}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/stocks/news/pnb-to-sell-its-stake-in-crif-high-mark/articleshow/68401722.cms|title=PNB to sell its stake in CRIF High Mark|last=Sinha|first=Shilpy|date=2019-03-14|work=The Economic Times|access-date=2019-03-26}}</ref>

Established in 1988 in Bologna (Italy), CRIF is a global company specialising in the development and management of credit reporting, business information and decision support systems.<ref name=":8" /><ref name=":9">{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/CRIF-acquires-majority-stake-in-High-Mark/articleshow/36162175.cms|title=CRIF acquires majority stake in High Mark - Times of India|website=The Times of India|access-date=2019-03-26}}</ref> The firm has an international presence operating over 50 countries across four continents ([[Europe]], [[United States|America]], [[Africa]] and [[Asia]]).<ref name=":3" /><ref name=":8" /> It has experience of delivering credit bureau solutions{{buzzword inline|date=March 2020}} in countries like Italy, the Czech Republic, the Slovak Republic, Russia, Jamaica, Morocco, Benin, Vietnam, Bangladesh, Tajikistan and, Indonesia.<ref name=":9" /> CRIF has been recognized amongst the top 100 [[Financial technology|FinTech]] by IDC Financial Insights.<ref name=":3" /><ref>{{Cite news|url=https://www.idc.com/prodserv/insights/RESOURCES/ATTACHMENTS/2018_IDC_Fintech_Rankings_and_Real_Results_Winners_FINAL.pdf|title=IDC FinTech Rankings Top 100}}</ref>

=== Timeline ===

* '''2005''': Incorporated as a company
* '''2007''': Company started operations
* '''2009''': Received in-principle approval from RBI to set up as [[Credit bureau|credit information company]] amongst 13 applicants <ref>{{Cite web|url=https://www.livemint.com/Companies/xV99ISCymGQYcfQWueR8mN/RBI-nod-for-4-credit-information-companies.html|title=RBI nod for 4 credit information companies|last=Newswire18|date=2009-04-18|language=en|access-date=2019-03-26}}</ref>
* '''2010''': Received license from RBI to operate as credit information company <ref name=":0" />
* '''2011''': Launched India's first credit bureau services for [[microfinance]] industry (MFIs etc) in March 2011 <ref name=":8" />
* '''2012''': Won Silver Award at SKOCH Digital Inclusion 2012 for the company’s work towards digital financial inclusion <ref name=":2" /><ref>{{Cite web|url=http://www.crifhighmark.com:8026/news-events/press-review/2012/september/high-mark-selected-silver-awardee-financial-inclusion-category/|title=High Mark has been selected as the SILVER AWARDEE in the Financial Inclusion Category at the 30th SKOCH Digital Inclusion Summit|website=www.crifhighmark.com|access-date=2019-03-26}}{{Dead link|date=July 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
* '''2014''': CRIF, the earlier strategic investor, acquires a majority stake in Financial Inclusion category for setting up India's first Microfinance Credit Bureau.<ref name=":2" />
* '''2016''': The sophisticated dedupe engine, OneIdentii, developed by CRIF High Mark, was recognized as the "most promising innovation" at the Technoviti Awards 2016<ref name=":2" /><ref>{{Cite web|url=http://bankingfrontiers.com/technoviti/winners-2016/|title=Winners 2016 {{!}} Technoviti 2016|language=en-US|access-date=2019-03-26}}</ref>
* '''2016''': CRIF launches a new centre for predictive analytics and decision solutions{{buzzword inline|date=March 2020}} in Pune to support clients in Banking, Financial Services, Insurance and Telecom sectors in India, West and South-East Asia <ref name=":1" />
* '''2016''': Crossed 100 million credit decisions mark for Microfinance industry <ref name=":2" />
* '''2019''': Sherlock Lending, an anti-fraud solution from CRIF High Mark, wins leading innovation award at Technoviti 2019

== CRIF Credit Score ==
CRIF High Mark provides two type of credit scores - one for individual consumer called Personal Credit score and another for businesses called Business Credit Score or Commercial Credit Score. The CRIF [[Credit score]] range is from 300-900, where a score close to 300 is considered to be poor while 900 is the best possible score. A score of over 700 is generally considered good.<ref>{{Cite web|url=https://www.caclubindia.com/articles/credit-risk-what-it-is-and-why-it-matters-34857.asp|title=Credit Risk: What it is and Why it matters|last=Guest|website=CAclubindia|language=en|access-date=2019-03-26}}</ref> The Reserve Bank of India (RBI) has mandated credit bureaus in India to give a full credit report free of charge to each customer every year. A consumer can check its own credit score free once in a year from CRIF High Mark's website.<ref name=":6" /><ref>{{Cite web|url=https://www.livemint.com/Money/uOmqdR7soBOl5TYDhxF1qN/Free-credit-information-reports-are-not-that-free.html|title='Free' credit information reports are not that 'free'|last=Saleem|first=Shaikh Zoaib|date=2017-01-24|language=en|access-date=2019-03-26}}</ref>

== Products and services ==
CRIF High Mark provides credit information to credit institutions such as banks and NBFCs, telecom, and insurance companies, [[Credit rating agency|credit rating agencies]], Sebi-registered brokers and to the consumers.<ref>{{Cite web|url=https://www.livemint.com/Money/A8k2V2gkSm3M1cormgs6qN/Crif-High-Marks-Kalpana-Pandey-The-volume-of-people-lookin.html|title=Crif High Mark's Kalpana Pandey: The volume of people looking for credit reports has not spiked much|last=Saleem|first=Shaikh Zoaib|date=2018-03-09|language=en|access-date=2019-03-26}}</ref> The company also provides risk management solutions, analytics, decision support and software solutions to its clients in these sectors. It also offers data quality management services that include data quality profiling, [[data deduplication]], and data quality enhancement, as well as address quality assessment, verification, and improvement.<ref name=":4" /> CRIF High Mark also provides market insight reports to help institutions benchmark themselves against competition and understand the penetration, delinquencies, and growth.<ref>{{Cite news|url=https://www.business-standard.com/article/news-ani/home-credit-india-retains-first-position-in-small-ticket-consumer-durable-loans-118122100961_1.html|title=Home Credit India Retains first Position in Small Ticket Consumer Durable Loans|last=ANI|date=2018-12-21|work=Business Standard India|access-date=2019-03-26}}</ref>

== CRIF High Mark in the news ==
*'''Mar 2019:''' CRIF High Mark, CreditVidya Seal First-of-its-kind Partnership in India to provide lenders with credit scoring even for new-to-credit and 'thin-file' customers.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/crif-highmark-ties-up-with-creditvidya/articleshow/68289737.cms?from=mdr|title=Crif Highmark ties up with CreditVidya|last=Nayak|first=Gayatri|date=2019-03-06|work=The Economic Times|access-date=2019-03-26}}</ref>
* '''Dec 2018''': IDBI appointed CRIF High Mark Credit Information Services to receive early warning signals (EWS) solution on its retail borrowers on a pilot basis. The bank is also monitoring the accounts on a weekly basis through its credit monitoring group <ref>{{Cite web|url=https://www.dnaindia.com/business/report-idbi-bank-writes-off-rs-30000-cr-loans-2697853|title=IDBI Bank writes off Rs 30,000 cr loans|date=2018-12-19|website=DNA India|language=en|access-date=2019-03-26}}</ref>
*'''Jul 2018''': Monexo, the first peer-to-peer lending company in India has tied-up with CRIF to access credit scores and other relevant financial data to aid in the loan disbursement decision making process <ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/p2p-market-place-monexo-to-start-1-min-loan-approval-process/articleshow/57413312.cms|title=P2P market place Monexo to start 1 min loan approval process|date=2018-07-24|work=The Economic Times|access-date=2019-03-26}}</ref>
*'''June 2018:''' OML Technologies, a [[peer-to-peer lending]] company in India, has collaborated with CRIF High Mark to use its algorithm to ascertain the actuarial risk involved in providing credit to a borrower on the platform.<ref>{{Cite web|url=http://bwdisrupt.businessworld.in/article/RBI-Benevolent-on-P2P-Startups-After-Faircent-Now-OML-Technologies-Receives-Its-Certificate-of-Registration/19-06-2018-152405|title=RBI Benevolent on P2P Startups After Faircent Now OML Technologies Receives Its Certificate of Registration|last=Bureau|first=BW Online|website=BW Disrupt|language=en|access-date=2019-03-26}}</ref>

==References==
{{reflist}}

[[Category:Financial services companies based in Mumbai]]
[[Category:Credit scoring]]
[[Category:Market research organizations]]
[[Category:Business services companies established in 2005]]
[[Category:Financial services companies established in 2005]]
[[Category:2005 establishments in Maharashtra]]

CRIF High Mark Credit Information Services - Revision history

Vikv10: general refine layout to improve readability additionally and added references

>BattyBot: Removed/fixed incorrect author parameter(s), performed general fixes