High Mark Credit Information Services

CRIF High Mark Credit Information Services Private Limited was 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 (The Center for Research in International Finance) 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, a microfinance institution consortium.

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 in over 50 countries across four continents (Europe, America, Africa and Asia). It has experience 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.

Timeline

2005: Incorporated as a company

2007: Company started operations

2009: Received in-principle approval from RBI to set up as a credit information company amongst 13 applicants

2010: Received license from RBI to operate as a credit information company

2011: Launched India's first credit bureau services for microfinance industry (MFIs etc.) in March 2011

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.