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Financial and insurance institutions are embracing AI to optimize decision-making, risk assessment, customer engagement, and operational efficiency, but face strict regulatory and privacy restrictions. Dedomena.AI's secure synthetic data and AI infraestructure facilitates the innovation, development, and optimization of data and AI solutions without barriers or friction.

Synthetic Data for Financial and Insurance Services

The financial services industry—including banking, capital markets, fintech, and insurance—faces common challenges in analyzing and monetizing customer data at enterprise scale. Data silos, labeling issues, stringent privacy regulations, and cybersecurity concerns obstruct access to actionable insights and erode competitive advantage.

Synthetic data offers a powerful solution across all these sectors, enabling personalized experiences while upholding the highest privacy standards. By leveraging synthetic data, organizations can break down silos, meet compliance requirements, and accelerate AI/ML model development, software testing, and secure data-sharing initiatives.

Dedomena’s synthetic data platform anonymizes and generates high-quality, statistically representative datasets that are 100 % GDPR-compliant, flexible, and enriched. With our infrastructure, banks, capital-markets firms, fintechs, and insurers can bridge the innovation gap, unlock new revenue streams, and make confident, data-driven decisions.

Financial and Insurance Services

Use Cases

Dedomena.AI helps financial and insurance institutions leverage AI to enhance decision-making and efficiency while navigating strict regulations. Its secure synthetic data platform enables innovation without compromising compliance. Below, explore several strategic use cases across banking, capital markets, fintech, and insurance.

Customer Risk Scoring and Creditworthiness Modeling

Dedomena.AI generates synthetic transaction and credit behavior data to develop scoring models that assess customer risk and credit potential while eliminating bias and protecting privacy.

Fraud Detection and Prevention

By simulating structured transaction anomalies, synthetic data allows institutions to train fraud detection systems that identify unusual behaviors without exposing real financial records.

Churn Prediction and Retention Strategy

Use synthetic behavioral and engagement datasets to predict attrition, model loyalty drivers, and tailor retention interventions.

Next Best Product Recommendation Engines

Train AI models using enriched synthetic customer profiles and transaction data to generate accurate, compliant cross-sell and upsell recommendations.

Insurance Claims Automation and Anomaly Detection

Model synthetic claims data and historical fraud cases to automate claim approvals and flag suspicious activity for human review.

Synthetic Bank Transaction Simulation for Fintech Development

Dedomena.AI creates synthetic account, loan, and card activity logs for fintechs to test products, compliance tools, and analytics without accessing real bank data.

AI-Powered Underwriting and Policy Customization

Generate privacy-safe synthetic applicant profiles to train risk models that power personalized underwriting decisions in health, auto, and property insurance.

AML and KYC Compliance Testing

Develop synthetic behavioral datasets that simulate identity theft, shell company activity, or layered transactions to test anti-money laundering models and KYC compliance workflows.

Customer Segmentation and Behavior Profiling

Model realistic segments based on income, product usage, life stage, and spending to drive targeted financial marketing and product design.

Financial Forecasting and Scenario Stress Testing

Dedomena.AI enables stress testing of financial systems by simulating crisis scenarios, market shifts, or policy changes across synthetic portfolios.

Synthetic Financial Time Series for Model Training

Create synthetic equity, FX, commodity, and macroeconomic indicators to train forecasting models, backtest algorithms, and perform risk analysis.

Loan Default Risk Modeling

Build synthetic datasets to model default behavior across geographies, borrower types, and loan products for improved lending decisions.

Behavioral Biometrics and Transaction Authentication

Generate feature-level synthetic biometric metadata (keystroke, velocity, IP) to develop identity verification and fraud prevention systems.

Customer Lifetime Value (CLV) Prediction

Use synthetic customer engagement and transaction logs to estimate long-term value and inform acquisition and retention strategies.

Synthetic Portfolio Performance Modeling

Simulate asset allocation, return, and volatility across synthetic investor profiles to optimize portfolio strategies.

Stress Testing for Regulatory Capital Models

Train models on synthetic balance sheets and transaction flows to ensure compliance with Basel III, Solvency II, or IFRS 17 capital standards.

Synthetic Market Data Exchange for Collaboration

Allow data partnerships between banks, insurers, and fintechs using Dedomena.AI-generated synthetic data that preserves value while avoiding privacy violations.

Policyholder Behavior Modeling

Simulate surrender, claim filing, premium payment, or lapse behavior to improve actuarial models and predict product profitability.

Synthetic Document Generation for NLP Training

Use structured synthetic documents (contracts, disclosures, invoices) to train AI models for document classification, summarization, and information extraction.

AI Co-Pilot for Advisors and Agents

Enable advisors to interact with structured synthetic data and embedded models to support client onboarding, product selection, and financial planning recommendations.

Related articles

Check out some of our explanatory articles or cross-industry
use cases to know more

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