Abstract: Systems and methods for generating synthetic data using federated, collaborative, privacy preserving learning models are disclosed. In one embodiment, a method for generating synthetic data from real data for use in a federated learning network may include: (1) conducting, by a backend for a first institution of a plurality of institutions in a federated learning network, a transaction comprising transaction data; (2) generating, by the backend for the first institution, local synthetic data for the transaction data using a local synthetic data generating model; (3) sharing, by the backend for the first institution, the local synthetic data with a plurality of backends for other institutions; (4) receiving, by the backend for the first institution, global synthetic data from the plurality of backends for the other institutions; and (5) training, by the backend for the first institution, a local machine learning model with the global synthetic data.