Guides7 min read

How Financial Firms Can License Their Data to AI Labs

Troveo Team

Troveo

If you run a fund, an advisory firm or an accounting practice, the models, memos and workpapers your team has built over the years are work AI labs want their models to learn from. Buyers tell us finance leads the list of industries they'll pay a premium for. Read on to find out why, what in your firm you can license, what has to stay out, and how the process runs.

Article banner reading License Your Analysis, on how financial firms can license their data to AI labs

Why AI labs ask for finance first

Buyers pay a premium for full company datasets from industries built on high-value knowledge work, and finance is the first industry they name. The work is expensive, it takes years to learn, and almost none of it is on the public internet. A textbook explains what a discounted cash flow model is. Your firm holds real ones, each with the assumptions someone argued over and the outcome that followed.

Our guide to who buys company data for AI training covers the four kinds of buyer and how you reach them.

What GDPval shows about finance work

OpenAI's GDPval benchmark, published in September 2025, shows which jobs labs measure their models against. It tests AI models on real tasks from 44 occupations across the nine sectors that each contribute more than 5 percent of US GDP. Finance and insurance is one of the nine. Five of the 44 occupations sit inside it (financial managers, financial and investment analysts, personal financial advisors, securities and financial services sales agents, and customer service representatives), and accountants and auditors are on the list under professional services.

OpenAI built each task from the work product of a working professional. Those professionals average 14 years of experience, and a task takes an expert about seven hours to complete. The deliverables are the things your team makes every week (spreadsheets, documents, slide decks). OpenAI also reports that models perform better when they get more context about a task, and your firm's files hold that kind of context for real work.

Work that can be checked is the easiest to license

Buyers tell us that the more objectively a piece of work can be checked, the more readily they license it, and they point to financial models as the example. A model has inputs, formulas and an answer. A forecast can be compared with what happened. A reconciliation ties out or it doesn't.

That matches what buyers pay for in every industry. Records that show an outcome are worth more than records that don't, and finance work carries its outcomes with it. Our guide to how much your company's data is worth to AI labs covers the six factors behind the price.

What a financial firm can license

What you holdWhat it showsWhat has to come out first
Financial models and valuationsHow your team builds an analysis, with the assumptions and the answerClient names, and vendor data pasted into the sheets
Investment memos and research notesHow a view gets argued, challenged and decidedNon-public information about public companies, and anything under a confidentiality agreement
Due diligence filesHow your team tests a company before a dealThe counterparty's confidential documents
Client reports and portfolio reviewsHow results get explained to the people who rely on themClient identities, account details and personal financial information
Accounting workpapers and close filesHow the numbers get checked, step by stepClient identities and anything a regulator requires you to keep confidential
Email and chat tied to deals and reviewsThe reasoning between the filesPersonal details, and anything unrelated to the work
What a financial firm holds, what each kind of work shows, and what has to come out before it's licensed.

The value is highest where these connect. A model linked to the memo that used it, the thread where a partner questioned it, and the result a year later is a complete record of how your firm makes a decision. Our guide to what your company's docs are worth to AI labs covers how spreadsheets and documents in Google Drive or OneDrive get exported and licensed.

What has to stay out

A financial firm has more to exclude than most companies, and you decide the exclusions before anything is exported:

  • Client identities, account details and personal financial information. Names and personal details are replaced with pseudonyms to a documented standard, and records your client agreements restrict stay out entirely.
  • Market data and research you license from a vendor. It belongs to the vendor.
  • Deal materials you received under a confidentiality agreement.
  • Non-public information about public companies.
  • Anything a regulator requires you to keep confidential.
  • Credentials, account numbers and access details.

What's left is usually the most valuable part, which is the record of your own team's work. This isn't legal advice, and your compliance team should review the scope before anything is exported. If most of your work is done for clients, our guide to what agencies and consultancies can license to AI labs covers what you own and what your clients own.

What it's worth

Typical full-company licensing deals start at six figures, and buyers pay a premium above that for industries like finance. There's no rate card, and a real number takes a scoping call. One public reference point is Spirit Airlines, whose operating records drew bids of 10 million and 12.5 million dollars in bankruptcy court, and that package included the airline's finance and revenue-management records. Our breakdown of the Spirit Airlines data deal covers what was in it.

How the process runs

Licensing through us runs in four stages:

  1. Scope. You take the assessment, we hold a short scoping call, and you decide what's in and what's out.
  2. Agree. You review and sign standard terms covering your license and your earnings.
  3. Package. You export the files with our guidance, and we replace names and personal details with pseudonyms, document what's included in a manifest, and get it ready for buyers.
  4. Get paid. Buyers evaluate the data without knowing whose it is, and you're paid on every sale.

You keep ownership the whole way through, and your firm is never named publicly. Our guide to how long it takes to license your company's data covers the timeline and what buyers check, and our owner's guide to licensing company data for AI covers the full process.

Where to start

The quickest way to find out what your firm's work could license for is to take our free data value assessment (ten questions about your systems, history and industry, about five minutes). You get an estimate, and a scoping call after that gets you a real number.

Where Troveo fits

Troveo is a data licensing marketplace. We work with more than 40 active buyers and we've paid rights holders more than 20 million dollars. You sign one license, you decide what's in and what's out, we handle the packaging and every buyer conversation, and you're paid on every sale with no fees and no deductions. Start with the data value assessment, read our business data page for how the process works, or talk to us about what your firm holds.

Frequently asked questions

Can a financial firm license its data to AI labs?
Yes. A fund, advisory firm or accounting practice can license the record of its own work (models, memos, workpapers, reports) after client information, vendor data and confidential deal materials are taken out.
Why do AI labs want finance data?
Finance is high-value knowledge work that isn't on the public internet, and much of it can be checked objectively. Buyers pay a premium for full company datasets from industries like it.
What is GDPval?
OpenAI's benchmark for testing AI models on real work tasks. It covers 44 occupations across nine sectors of the US economy, including finance and insurance, and each task is built from a working professional's work product.
Which finance jobs does GDPval cover?
Financial managers, financial and investment analysts, personal financial advisors, securities and financial services sales agents, and customer service representatives in finance and insurance. Accountants and auditors are covered under professional services.
Are financial models worth more than other files?
They're the example buyers point to. A model has inputs, formulas and an answer that can be checked, and buyers license work like that most readily.
What can't a financial firm license?
Client identities and account details, market data licensed from a vendor, deal materials under a confidentiality agreement, non-public information about public companies, and anything a regulator requires you to keep confidential.
Should a financial firm use a marketplace or sell its data itself?
A marketplace, in most cases. Selling on your own means finding buyers, negotiating terms and handling the packaging and privacy work yourself. A marketplace does that under one license and pays you on every sale.
Will anyone know the data came from our firm?
Not publicly. Buyers evaluate the data without knowing whose it is, and they're confidentially introduced only after an agreement is signed.

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