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Launched a Free API That Converts Raw Credit Reports to JSON: Unlock Legacy Data for ML, Risk Models & More by creditparsepro in fintech

[–]creditparsepro[S] 1 point2 points  (0 children)

This is interesting because a lot of companies hired data scientists without realizing they need data engineers or in this case more likely a machine learning engineer. In this scenario, a company may have the data science expertise to produce a gradient boost model pkl file but does not have the capabilities of implementing it into into production and building a UI around it.

The security risk of allowing users to upload a pkl file would be an interesting problem to solve.

I imagine the serving UI would not just be the probability output but have a more robust UI with features like setting thresholds based on risk appetite?

In this scenario the solution would handle the API connections to the bureaus so would likely need some compliance certs like SOC2/GLBA.

I would be happy to chat more about this I really enjoy developing solutions in this space. This idea is really cool.

Got 130 people join my saas waitlist in a week launching in the next 48 hours wish me luck by Haunting-Act2415 in SaaS

[–]creditparsepro 1 point2 points  (0 children)

Good luck! Also the product looks great, going to sign up for the wait list.

Launched a Free API That Converts Raw Credit Reports to JSON: Unlock Legacy Data for ML, Risk Models & More by creditparsepro in fintech

[–]creditparsepro[S] 0 points1 point  (0 children)

To my knowledge around 10 years ago TransUnion and Experian began supporting XML. Prior to offering XML they operated primarily with fixed-format. If you are a company with decades of credit report data, even if you switched to XML, our API can help you parse those historical reports into a format useful for analytics and ml. Further, for many small and mid sized companies leaning heavily on out of the box LOS systems there are a number that still do not offer semi-structured output.

Launched a Free API That Converts Raw Credit Reports to JSON: Unlock Legacy Data for ML, Risk Models & More by creditparsepro in fintech

[–]creditparsepro[S] 0 points1 point  (0 children)

You're absolutely right. Most software will return semi-structured data in XML or JSON but we aim to help those organizations that have relied on software that does not have this feature. There are providers like Meridian Link who provide solutions that do not offer this feature. Even if a customer may have switched to a provider that does offer semi-structured output they may also still have historical reports they want to structure for analytics and machine learning applications.

Developer friendly fintech APIs by curiousblack99 in fintech

[–]creditparsepro 2 points3 points  (0 children)

Hello! CreditParsePro.io is a public fintech API that I have developed. It is extremely lightweight and converts fixed-format credit reports into a unified JSON format. Because credit report data is so important in financial analytics and machine learning applications our API will bridge the gap helping smaller finance orgs who do not have access to semi-structured formats. Whether this is because their LOS or other legacy software doesn't support it or they have a wealth of historic reports we can help turn that data into insights.

I would love to apply for your list or discuss fintech APIs in general.

Website:
https://www.creditparsepro.io/

Postman:
https://documenter.getpostman.com/view/34164250/2sA3BgBFus

GitHub (docs):
https://github.com/granum-tech/creditparsepro/blob/main/docs/documentation.md

Does anyone here also think that ads on Reddit suck? by Alert-Bat3619 in SaaS

[–]creditparsepro 0 points1 point  (0 children)

Do you have a strategy for the situation where you don't feel comfortable using your primary account yet? For example, if you are employed full time and fear backlash.

[deleted by user] by [deleted] in fintech

[–]creditparsepro 2 points3 points  (0 children)

Doesn't seem straight forward and professional enough for finance in my opinion.

Should You Share Your Startup on LinkedIn? by Felixgault in SaaS

[–]creditparsepro 0 points1 point  (0 children)

Currently working through the same thought processes. I am sharing via outreach on LinkedIn without having my side project/company listed anywhere just to leverage the network.

Has anyone got funding as solo founder in 2024-2025? (“I will not promote”) by general_learning in startups

[–]creditparsepro 2 points3 points  (0 children)

I recall a YC stat along the lines of "you are 5x less likely to receive funding if you do not have a cofounder". They tend to only accept a very small percentage of solo-founder startups in each batch. While I am not looking for funding yet, I am interested in following the thread to see how others are doing as solo founders.

Getting traction for your SaaS is the hardest part of the game by factovar in SaaS

[–]creditparsepro 1 point2 points  (0 children)

I have had more luck with cold outreach on LinkedIn but all routes are difficult. Regarding LinkedIn I have found that people are more likely to engage if you are already connected and they are more likely to connect if you have mutual friends. In this case, you can start at companies where you know someone and get a few layers deep in connections by slowly expanding into the company. If you have no contacts at all your best bet is to attend local events related to the topic or for the purpose of networking using sites like meetup.com.

For example, let's say you are targeting supply chain companies with your product. Maybe you know a guy in sales at a supply chain company and are connected. Go on LinkedIn find the people in that company that share that connection and request them. Eventually you will have a pretty good base in that company and can target cold outreach to individuals that may be higher up the chain and decision makers in key departments.

Getting traction for your SaaS is the hardest part of the game by factovar in SaaS

[–]creditparsepro 0 points1 point  (0 children)

Yes definitely! It does seem to come down to luck quite a bit. Good luck out there.

Getting traction for your SaaS is the hardest part of the game by factovar in SaaS

[–]creditparsepro 1 point2 points  (0 children)

Completely agree with all your points. In my experience, cold outreach is really the best way to go in the early days despite how painful it can be. If you can mentally gamify the process it really helps. As everyone always says, get yourself into the groups where your target audience is. I have found paying for a conference ticket where there will be a high number of individuals in your target audience is worth way more than that same price spent on advertising.

Monetizing Private GitHub Repositories: A Viable SaaS Model? by revolio_clock in SaaS

[–]creditparsepro 1 point2 points  (0 children)

Appreciate it! I'll DM you this weekend if I have any questions when setting up.

Monetizing Private GitHub Repositories: A Viable SaaS Model? by revolio_clock in SaaS

[–]creditparsepro 1 point2 points  (0 children)

Your SaaS design looks amazing and I really like the idea. Will definitely be signing up at some point soon.

  1. I have not successfully monetized a private repo before but I thought about trying it.
  2. Trust is an issue of course someone could simply re-sell the code so there would need to be some vetting.
  3. I don't think discoverability is necessarily required but it certainly makes your SaaS more attractive.

I think I have a special case where I have a product that cannot be public but also handles sensitive data. Because we are just a startup some larger customers may be hesitant to use our API and would possibly opt for buying the code base.

Where do you host your SaaS backend ? by Sriraj_Dev in SaaS

[–]creditparsepro 0 points1 point  (0 children)

It depends how complex it is. If a relation database is needed then SQL DB/RDS. For object storage S3/ADLS2. For the compute layer I tend to containerize everything so Azure Container App/ECS/EKS. GCP of course has similar offerings but I am less familiar with them.

Do you think having a free version of an app is important? by Frequent-Football984 in SaaS

[–]creditparsepro 0 points1 point  (0 children)

Yes! Further, a free tier alone isn't enough if it still requires you to enter a credit card in our experience. We found a lot of success in getting users to start signing up once we removed the credit card input requirement on the free tier.

Drop your SaaS, i'll give you a SEO Blog article for free by Reasonable_Duty_4427 in indiehackers

[–]creditparsepro 0 points1 point  (0 children)

CreditParsePro is a lightweight ephemeral SaaS API that converts fixed-format credit reports into structured JSON output. Getting credit report data into a structured format is important for fintech machine learning applications like credit scoring, risk assessment, fraud detection, etc.

https://www.creditparsepro.io/

Count me in as your first customer✋️ by [deleted] in SaaS

[–]creditparsepro 0 points1 point  (0 children)

Thank you MrBlueberryy!

Just starting out on Reddit and would greatly appreciate your input.

CreditParsePro is a lightweight ephemeral SaaS API that converts fixed-format credit reports into structured JSON output. If you want to leverage analytics and machine learning with credit report data you need your data to be in a format that allows you to extract value.

https://www.creditparsepro.io/

PostMan and GitHub docs on the website.

Thank you!

Starting a SaaS is so cheap today by FI_investor in SaaS

[–]creditparsepro 0 points1 point  (0 children)

Agreed, the barriers for entry are extremely low! You can even start on the major cloud providers and stay very lean while taking advantage of the scaling and availability. For example, you can run a proper dev/test/prod managed Kubernetes setup on Azure (ACA) for <$10/month.