CRIF High Mark Credit Information Services
CRIF High Mark Credit Information Services Pvt. Ltd. is a RBI approved credit bureau in India. It serves retail, agriculture and rural, MSME, commercial and microfinance. The company was incorporated in 2005 and is based in Mumbai. It launched its credit bureau operations in 2010 and has a database of over 120+ crore credit records as of July 2018. CRIF High Mark covers nearly 38 crore unique borrowers as of Oct 2018. It manages the world's largest microfinance credit bureau database. 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. 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. Consumers can check their own credit report and credit scores from  the company's website. History. CRIF High Mark Credit Information Services Private Limited was formerly known as High Mark Credit Information Services Private Limited. High Mark was founded in 2007 by Dr. Anil Pandya. In 2014, CRIF, an Italy based firm acquired majority stakes in the company and the name changed to CRIF High Mark. 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. 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. The firm has an international presence operating over 50 countries across four continents (Europe, America, Africa and Asia). It has experience of delivering credit bureau solutions in countries like Italy, the Czech Republic, the Slovak Republic, Russia, Jamaica, Morocco, Benin, Vietnam, Bangladesh, Tajikistan and, Indonesia. CRIF has been recognized amongst the top 100 FinTech by IDC Financial Insights. 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. 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. Products and services. CRIF High Mark provides credit information to credit institutions  such as banks and NBFCs, telecom, and insurance companies, credit rating agencies, Sebi-registered brokers and to the consumers. 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. CRIF High Mark also provides market insight reports to help institutions benchmark themselves against competition and understand the penetration, delinquencies, and growth.