Synthetic Data Applications in Finance
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Abstract (arXiv)
Synthetic data has made tremendous strides in various commercial settings including finance, healthcare, and virtual reality. We present a broad overview of prototypical applications of synthetic data in the financial sector and in particular provide richer details for a few select ones. These cover a wide variety of data modalities including tabular, time-series, event-series, and unstructured arising from both markets and retail financial applications. Since finance is a highly regulated industry, synthetic data is a potential approach for dealing with issues related to privacy, fairness, and explainability. Various metrics are utilized in evaluating the quality and effectiveness of our approaches in these applications. We conclude with open directions in synthetic data in the context of the financial domain.
Key facts. Cited by 22 papers in the map (data through 14 Oct 2026). First posted on arXiv 29 Dec 2023.
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Citing papers per year: 2024: 10; 2025: 9; 2026: 3.
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- 2024ClavaDDPM: Multi-relational Data Synthesis with Cluster-guided Diffusion Modelscited by 28
- 2024A Large-Scale Simulation on Large Language Models for Decision-Making in Political Sciencecited by 10
- 2025Joint Relational Database Generation via Graph-Conditional Diffusion Modelscited by 9
- 2024Navigating Tabular Data Synthesis Research: Understanding User Needs and Tool Capabilitiescited by 8
- 2024Opportunities and Challenges of Generative-AI in Financecited by 6
- 2025Escaping Model Collapse via Synthetic Data Verification: Near-term Improvements and Long-term Convergencecited by 6
- 2026TradeFM: A Generative Foundation Model for Trade-flow and Market Microstructurecited by 6
- 2024Give me Some Hard Questions: Synthetic Data Generation for Clinical QAcited by 5
- 2025Synthetic Data for Portfolios: A Throw of the Dice Will Never Abolish Chancecited by 4
- 2024Adaptive and Robust Watermark for Generative Tabular Datacited by 3
- 2025GReaTER: Generate Realistic Tabular data after data Enhancement and Reductioncited by 3
- 2024Towards More Accurate US Presidential Election via Multi-step Reasoning with Large Language Modelscited by 2
10 more
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- 2024Watermarking Generative Categorical Datacited by 0
- 2025Generating Reliable Synthetic Clinical Trial Data: The Role of Hyperparameter Optimization and Domain Constraintscited by 0
- 2025AutoGeTS: Knowledge-based Automated Generation of Text Synthetics for Improving Text Classificationcited by 0
- 2025Hybrid Data can Enhance the Utility of Synthetic Data for Training Anti-Money Laundering Modelscited by 0
- 2025Privacy-Aware Time Series Synthesis via Public Knowledge Distillationcited by 0
- 2026RaMark: Radioactive Watermarking for Generated Tabular Datacited by 0
- 2026FlowLOB: Efficient and Controllable Limit Order Book Generation with Flow Matchingcited by 0
- 2026FlowLOB: Efficient and Controllable Limit Order Book Generation with Flow Matching13 Aug 2026
- 2026RaMark: Radioactive Watermarking for Generated Tabular Data10 Jul 2026
- 2026TradeFM: A Generative Foundation Model for Trade-flow and Market Microstructure27 Feb 2026
- 2025Privacy-Aware Time Series Synthesis via Public Knowledge Distillation1 Nov 2025
- 2025Escaping Model Collapse via Synthetic Data Verification: Near-term Improvements and Long-term Convergence18 Oct 2025
- 2025Hybrid Data can Enhance the Utility of Synthetic Data for Training Anti-Money Laundering Models23 Sep 2025
- 2025AutoGeTS: Knowledge-based Automated Generation of Text Synthetics for Improving Text Classification4 Aug 2025
- 2025InvestAlign: Overcoming Data Scarcity in Aligning Large Language Models with Investor Decision-Making Processes under Herd Behavior9 Jul 2025
- 2025Joint Relational Database Generation via Graph-Conditional Diffusion Models22 May 2025
- 2025Generating Reliable Synthetic Clinical Trial Data: The Role of Hyperparameter Optimization and Domain Constraints8 May 2025
- 2025GReaTER: Generate Realistic Tabular data after data Enhancement and Reduction19 Mar 2025
- 2025Synthetic Data for Portfolios: A Throw of the Dice Will Never Abolish Chance7 Jan 2025
10 more
- 2024A Large-Scale Simulation on Large Language Models for Decision-Making in Political Science19 Dec 2024
- 2024Give me Some Hard Questions: Synthetic Data Generation for Clinical QA5 Dec 2024
- 2024Watermarking Generative Categorical Data16 Nov 2024
- 2024Towards More Accurate US Presidential Election via Multi-step Reasoning with Large Language Models21 Oct 2024
- 2024Opportunities and Challenges of Generative-AI in Finance21 Oct 2024
- 2024Auditing and Enforcing Conditional Fairness via Optimal Transport17 Oct 2024
- 2024Chase Anonymisation: Privacy-Preserving Knowledge Graphs with Logical Reasoning16 Oct 2024
- 2024Adaptive and Robust Watermark for Generative Tabular Data23 Sep 2024
- 2024Navigating Tabular Data Synthesis Research: Understanding User Needs and Tool Capabilities31 May 2024
- 2024ClavaDDPM: Multi-relational Data Synthesis with Cluster-guided Diffusion Models28 May 2024
- 2024Adaptive and Robust Watermark for Generative Tabular Datacited by 3
- 2024Watermarking Generative Categorical Datacited by 0
- 2026RaMark: Radioactive Watermarking for Generated Tabular Datacited by 0
- 2026RaMark: Radioactive Watermarking for Generated Tabular Data10 Jul 2026
- 2024Watermarking Generative Categorical Data16 Nov 2024
- 2024Adaptive and Robust Watermark for Generative Tabular Data23 Sep 2024
- 2024A Large-Scale Simulation on Large Language Models for Decision-Making in Political Sciencecited by 10
- 2024Navigating Tabular Data Synthesis Research: Understanding User Needs and Tool Capabilitiescited by 8
- 2024Opportunities and Challenges of Generative-AI in Financecited by 6
- 2026TradeFM: A Generative Foundation Model for Trade-flow and Market Microstructurecited by 6
- 2025Synthetic Data for Portfolios: A Throw of the Dice Will Never Abolish Chancecited by 4
- 2025GReaTER: Generate Realistic Tabular data after data Enhancement and Reductioncited by 3
- 2024Chase Anonymisation: Privacy-Preserving Knowledge Graphs with Logical Reasoningcited by 1
- 2024Auditing and Enforcing Conditional Fairness via Optimal Transportcited by 1
- 2025Generating Reliable Synthetic Clinical Trial Data: The Role of Hyperparameter Optimization and Domain Constraintscited by 0
- 2025AutoGeTS: Knowledge-based Automated Generation of Text Synthetics for Improving Text Classificationcited by 0
- 2025Hybrid Data can Enhance the Utility of Synthetic Data for Training Anti-Money Laundering Modelscited by 0
- 2025Privacy-Aware Time Series Synthesis via Public Knowledge Distillationcited by 0
- 2026TradeFM: A Generative Foundation Model for Trade-flow and Market Microstructure27 Feb 2026
- 2025Privacy-Aware Time Series Synthesis via Public Knowledge Distillation1 Nov 2025
- 2025Hybrid Data can Enhance the Utility of Synthetic Data for Training Anti-Money Laundering Models23 Sep 2025
- 2025AutoGeTS: Knowledge-based Automated Generation of Text Synthetics for Improving Text Classification4 Aug 2025
- 2025Generating Reliable Synthetic Clinical Trial Data: The Role of Hyperparameter Optimization and Domain Constraints8 May 2025
- 2025GReaTER: Generate Realistic Tabular data after data Enhancement and Reduction19 Mar 2025
- 2025Synthetic Data for Portfolios: A Throw of the Dice Will Never Abolish Chance7 Jan 2025
- 2024A Large-Scale Simulation on Large Language Models for Decision-Making in Political Science19 Dec 2024
- 2024Opportunities and Challenges of Generative-AI in Finance21 Oct 2024
- 2024Auditing and Enforcing Conditional Fairness via Optimal Transport17 Oct 2024
- 2024Chase Anonymisation: Privacy-Preserving Knowledge Graphs with Logical Reasoning16 Oct 2024
- 2024Navigating Tabular Data Synthesis Research: Understanding User Needs and Tool Capabilities31 May 2024