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This paper introduces \textbf{FinMCP-Bench}, a novel benchmark for evaluating large language models (LLMs) in solving real-world financial problems through tool invocation of financial model context protocols. FinMCP-Bench contains 613…

Artificial Intelligence · Computer Science 2026-03-27 Jie Zhu , Yimin Tian , Boyang Li , Kehao Wu , Zhongzhi Liang , Junhui Li , Xianyin Zhang , Lifan Guo , Feng Chen , Yong Liu , Chi Zhang

In recent years, Large Language Models (LLMs) like ChatGPT have seen considerable advancements and have been applied in diverse fields. Built on the Transformer architecture, these models are trained on extensive datasets, enabling them to…

The rapid advancements in Large Language Models (LLMs) have unlocked transformative possibilities in natural language processing, particularly within the financial sector. Financial data is often embedded in intricate relationships across…

Statistical Finance · Quantitative Finance 2026-05-21 Alejandro Lopez-Lira , Jihoon Kwon , Sangwoon Yoon , Jy-yong Sohn , Chanyeol Choi

Large Language Models (LLMs) have shown remarkable capabilities across a wide variety of Natural Language Processing (NLP) tasks and have attracted attention from multiple domains, including financial services. Despite the extensive…

Computation and Language · Computer Science 2025-01-14 Jean Lee , Nicholas Stevens , Soyeon Caren Han , Minseok Song

Recent advancements in Large Language Models (LLMs) have the potential to transform financial analytics by integrating numerical and textual data. However, challenges such as insufficient context when fusing multimodal information and the…

Computational Finance · Quantitative Finance 2024-11-14 Hoyoung Lee , Youngsoo Choi , Yuhee Kwon

Large language models (LLMs) enable researchers to analyze text at unprecedented scale and minimal cost. Researchers can now revisit old questions and tackle novel ones with rich data. We provide an econometric framework for realizing this…

Econometrics · Economics 2025-12-08 Jens Ludwig , Sendhil Mullainathan , Ashesh Rambachan

Answering financial questions is often treated as an information retrieval problem. In practice, however, much of the relevant information is already available in curated vendor systems, especially for quantitative analysis. We study…

Information Retrieval · Computer Science 2026-03-24 Sasan Mansouri , Edoardo Pilla , Mark Wahrenburg , Fabian Woebbeking

Recent advances in large language models (LLMs) have unlocked novel opportunities for machine learning applications in the financial domain. These models have demonstrated remarkable capabilities in understanding context, processing vast…

General Finance · Quantitative Finance 2024-06-19 Yuqi Nie , Yaxuan Kong , Xiaowen Dong , John M. Mulvey , H. Vincent Poor , Qingsong Wen , Stefan Zohren

Large Language Models (LLMs) have been employed in financial decision making, enhancing analytical capabilities for investment strategies. Traditional investment strategies often utilize quantitative models, fundamental analysis, and…

General Finance · Quantitative Finance 2025-07-04 Sedigheh Mahdavi , Jiating , Chen , Pradeep Kumar Joshi , Lina Huertas Guativa , Upmanyu Singh

Large Language Models (LLMs) have shown strong capabilities across many domains, yet their evaluation in financial quantitative tasks remains fragmented and mostly limited to knowledge-centric question answering. We introduce QuantEval, a…

Large language models (LLMs) have shown the potential of revolutionizing natural language processing tasks in diverse domains, sparking great interest in finance. Accessing high-quality financial data is the first challenge for financial…

Statistical Finance · Quantitative Finance 2025-11-18 Hongyang Yang , Xiao-Yang Liu , Christina Dan Wang

Large language models (LLMs) are increasingly used to support the analysis of complex financial disclosures, yet their reliability, behavioral consistency, and transparency remain insufficiently understood in high-stakes settings. This…

Computation and Language · Computer Science 2026-01-21 Md Talha Mohsin

The MCP Solver bridges Large Language Models (LLMs) with symbolic solvers through the Model Context Protocol (MCP), an open-source standard for AI system integration. Providing LLMs access to formal solving and reasoning capabilities…

Artificial Intelligence · Computer Science 2025-04-08 Stefan Szeider

Financial Large Language Models (FinLLMs), such as open FinGPT and proprietary BloombergGPT, have demonstrated great potential in select areas of financial services. Beyond this earlier language-centric approach, Multimodal Financial…

Computational Engineering, Finance, and Science · Computer Science 2025-07-15 Xiao-Yang Liu Yanglet , Yupeng Cao , Li Deng

Recent advances in large language models (LLMs) have opened new possibilities for artificial intelligence applications in finance. In this paper, we provide a practical survey focused on two key aspects of utilizing LLMs for financial…

General Finance · Quantitative Finance 2024-07-10 Yinheng Li , Shaofei Wang , Han Ding , Hang Chen

In recent years, Large Language Models (LLMs) have emerged as a transformative development in artificial intelligence (AI), drawing significant attention from industry and academia. Trained on vast datasets, these sophisticated AI systems…

Artificial Intelligence · Computer Science 2025-01-15 Oudom Hean , Utsha Saha , Binita Saha

The variety of data in data lakes presents significant challenges for data analytics, as data scientists must simultaneously analyze multi-modal data, including structured, semi-structured, and unstructured data. While Large Language Models…

Databases · Computer Science 2025-05-19 Chao Zhang , Shaolei Zhang , Quehuan Liu , Sibei Chen , Tong Li , Ju Fan

Large Language Models (LLMs) have been extensively researched and used in both academia and industry since the rise in popularity of the Transformer model, which demonstrates excellent performance in AI. However, the computational demands…

Machine Learning · Computer Science 2024-11-06 Jiedong Lang , Zhehao Guo , Shuyu Huang

The Model Context Protocol (MCP) enhances large language models (LLMs) by integrating external tools, enabling dynamic aggregation of real-time data to improve task execution. However, its non-isolated execution context introduces critical…

Computation and Language · Computer Science 2025-08-11 Haoran Shi , Hongwei Yao , Shuo Shao , Shaopeng Jiao , Ziqi Peng , Zhan Qin , Cong Wang

Large language models hold considerable promise for supporting forensic investigations, but their widespread adoption is hindered by a lack of transparency, explainability, and reproducibility. This paper explores how the emerging Model…

Cryptography and Security · Computer Science 2025-06-03 Jan-Niclas Hilgert , Carlo Jakobs , Michael Külper , Martin Lambertz , Axel Mahr , Elmar Padilla
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