Paper ID: 2301.01807

fintech-kMC: Agent based simulations of financial platforms for design and testing of machine learning systems

Isaac Tamblyn, Tengkai Yu, Ian Benlolo

We discuss our simulation tool, fintech-kMC, which is designed to generate synthetic data for machine learning model development and testing. fintech-kMC is an agent-based model driven by a kinetic Monte Carlo (a.k.a. continuous time Monte Carlo) engine which simulates the behaviour of customers using an online digital financial platform. The tool provides an interpretable, reproducible, and realistic way of generating synthetic data which can be used to validate and test AI/ML models and pipelines to be used in real-world customer-facing financial applications.

Submitted: Jan 4, 2023