Data licensing guide
By industry

Licensing data from finance, investment and insurance firms

By Ade Molajo · Updated · How we check figures

Quick answer

Yes, finance is one of the sectors every buyer names. Mode takes finance firms from 10 staff. Mercor lists investment firms ($50K–$800K), hedge funds and quant firms ($25K–$1.15M) and payments and fintech companies ($80K–$900K), and also names insurance. Three checks decide the scope: client confidentiality and personal data, inside information, and market data you license from vendors, which usually can't be passed on.

$25K–$1.15M
across Mercor's three finance listings
10+
staff: Mode's minimum for finance
3 listings
at Mercor: investment, hedge fund, fintech
Vendor data
usually can't be relicensed

01What the programmes publish for finance firms

Published ranges that apply to finance firms: micro1 tiers from $100K to $2M and up; Mode $100K to $5M; Mercor’s Investment Firm listing $50K to $800K; Mercor’s Hedge Fund or Quant listing $25K to $1.15M; Mercor’s Payments & Fintech listing $80K to $900K.$0$1M$2M$3M$4M$5Mmicro1$100K–500K · $500K–2M · $2M+micro1.ai/data-partnerships · 30 Oct 2026Mode$100K–$5M per companydata.mode.inc · 30 Oct 2026Mercor: Investment Firm$50K–$800Kdata.mercor.com/refer · 30 Oct 2026Mercor: Hedge Fund or Quant$25K–$1.15Mdata.mercor.com/refer · 30 Oct 2026Mercor: Payments & Fintech$80K–$900Kdata.mercor.com/refer · 30 Oct 2026
Each programme’s own published range, checked 30 October 2026. Ranges, not offers.
What it wantsSizeLocationRange
Mercor: Investment Firm"Closed-deal records, credit files and portfolio reporting"5–200Anywhere$50K–$800K
Mercor: Hedge Fund or Quant Firm"Proprietary market, risk and sports data, or the code that trades on it"5–500Anywhere$25K–$1.15M
Mercor: Payments & Fintech Company"Years of transaction, order, inventory or shipment tables"Not statedNot stated$80K–$900K
ModeEmail, documents, CRM, billing and other records10+ (finance)US strongest; others case by case$100K–$5M
micro1SOPs, knowledge bases, CRM, project histories30+ full-timeUS first; strong UK demandTiers $100K–500K to $2M+

Each programme's own pages, checked 30–31 October 2026. Ranges, not offers. Mercor's data page also lists finance and insurance among its target industries, naming statements, underwriting files and claims. Accounting firms have their own page.

Where these records usually live

CRM and deals

  • Salesforce
  • DealCloud
  • HubSpot

Finance and payments

  • NetSuite
  • QuickBooks
  • Stripe

Insurance

  • Guidewire
  • Applied Epic

Documents

  • SharePoint
  • Dropbox

Examples of common tools, to help you find your records. Product names and logos belong to their owners; no affiliation or endorsement.

02The three checks

  • Client confidentiality and personal data. Statements, credit files and transaction tables are full of identifiable clients. Contractual and common-law confidentiality apply as well as UK GDPR.
  • Inside information. Deal records and research can hold material non-public information. Anything still price-sensitive stays out, and your compliance team should sign off the scope.
  • Vendor data. Market data, ratings and research licensed from exchanges or vendors usually can't be passed on. Only data you created or own is yours to license.

Insurers: claims and underwriting files often include health information, which is special category data under UK GDPR. De-identify it properly or leave it out.

The FCA hasn't published rules on licensing data for AI training, but your existing obligations on confidentiality, data security and inside information apply. Involve compliance early.

03What a finance firm can realistically license

Finance: usually licensable (Credit and investment process documents; Models and research you own; Operations and compliance procedures; Transaction tables with customers removed) versus check first or leave out (Identifiable client and account data; Material non-public information; Data from vendors whose licence bars it; Insurance claims with health details).Usually licensableCredit and investment process documentsModels and research you ownOperations and compliance proceduresTransaction tables with customers removedCheck first, or leave outIdentifiable client and account dataMaterial non-public informationData from vendors whose licence bars itInsurance claims with health details
A starting point for scoping, not a legal test.

04Before you apply

  1. Separate data you own from data you license from vendors.
  2. Check NDAs and side letters with clients, portfolio companies and counterparties.
  3. Have compliance clear the scope for inside information.
  4. Ask each programme how it de-identifies transaction and client data.

This isn't legal advice.

05Get the free guide

The Data Licensing Guide for Finance and Insurance Firms covers it in a PDF for finance firms: what can be licensed, what confidentiality, inside information and vendor licences keep out, and each programme's published figures, with a worked example and the questions to ask before you sign.

06Check which programmes you're likely to match

Our free fit check asks about your size, location and records. The programme decides.

07Questions people ask

Can an investment firm license its deal records?

Mercor's investment firm listing asks for closed-deal records, credit files and portfolio reporting. Check confidentiality agreements with portfolio companies and counterparties first, and remove personal data.

Can a hedge fund license market data?

Only data it owns. Market data licensed from exchanges or vendors usually comes with terms that bar redistribution. Mercor's listing asks for proprietary data, or the code that trades on it.

What about insurance claims?

Mercor names claims and underwriting files. Claims often hold health information, which is special category data under UK GDPR, so de-identify or leave it out.

Does the FCA have rules on this?

The FCA hasn't published rules on licensing data for AI training. Your existing obligations on client confidentiality, data security and handling inside information apply. Take compliance advice.

Sources

Check which programmes you’re likely to matchA few short questions, about a minute. Free, no sign-up. The programme decides who qualifies.trackimpact.io/data →