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Related papers: Finance Language Model Evaluation (FLaME)

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Large Language Models (LLMs) have demonstrated some significant capabilities across various domains; however, their effectiveness in spreadsheet related tasks remains underexplored. This study introduces a foundation for a comprehensive…

Software Engineering · Computer Science 2025-06-24 Simon Thorne

The surge of large language models (LLMs) has revolutionized the extraction and analysis of crucial information from a growing volume of financial statements, announcements, and business news. Recognition for named entities to construct…

Computation and Language · Computer Science 2025-01-07 Yi-Te Lu , Yintong Huo

Large Language Models (LLMs) are increasingly integrated into financial workflows, but evaluation practice has not kept up. Finance-specific biases can inflate performance, contaminate backtests, and make reported results useless for any…

Large Language Models (LLMs) have the potential to semi-automate some process mining (PM) analyses. While commercial models are already adequate for many analytics tasks, the competitive level of open-source LLMs in PM tasks is unknown. In…

Computation and Language · Computer Science 2024-07-19 Alessandro Berti , Humam Kourani , Wil M. P. van der Aalst

Large Language Models (LLMs) have demonstrated impressive capabilities across a wide range of tasks. However, their proficiency and reliability in the specialized domain of financial data analysis, particularly focusing on data-driven…

Computation and Language · Computer Science 2024-06-17 Shu Liu , Shangqing Zhao , Chenghao Jia , Xinlin Zhuang , Zhaoguang Long , Jie Zhou , Aimin Zhou , Man Lan , Qingquan Wu , Chong Yang

Large Language Models (LLMs), excel in natural language understanding, but their capability for complex mathematical reasoning with an amalgamation of structured tables and unstructured text is uncertain. This study explores LLMs'…

Computation and Language · Computer Science 2025-10-10 Pragya Srivastava , Manuj Malik , Vivek Gupta , Tanuja Ganu , Dan Roth

LLMs have transformed NLP and shown promise in various fields, yet their potential in finance is underexplored due to a lack of comprehensive evaluation benchmarks, the rapid development of LLMs, and the complexity of financial tasks. In…

Large language models (LLMs) are increasingly being applied to financial analysis, reporting, investment decision support, risk management, compliance, and professional training. However, robust evaluation of their domain competence in…

Generative AI, particularly large language models (LLMs), is beginning to transform the financial industry by automating tasks and helping to make sense of complex financial information. One especially promising use case is the automatic…

Statistical Finance · Quantitative Finance 2025-11-11 Zonghan Wu , Congyuan Zou , Junlin Wang , Chenhan Wang , Hangjing Yang , Yilei Shao

Large Language Models (LLMs) have shown promise for financial applications, yet their suitability for this high-stakes domain remains largely unproven due to inadequacies in existing benchmarks. Existing benchmarks solely rely on…

Computational Engineering, Finance, and Science · Computer Science 2025-08-26 Ziyan Kuang , Feiyu Zhu , Maowei Jiang , Yanzhao Lai , Zelin Wang , Zhitong Wang , Meikang Qiu , Jiajia Huang , Min Peng , Qianqian Xie , Sophia Ananiadou

This work evaluates FinGPT, a financial domain-specific language model, across six key natural language processing (NLP) tasks: Sentiment Analysis, Text Classification, Named Entity Recognition, Financial Question Answering, Text…

Computation and Language · Computer Science 2025-07-14 Prudence Djagba , Chimezie A. Odinakachukwu

We present the setup and the tasks of the FinMMEval Lab at CLEF 2026, which introduces the first multilingual and multimodal evaluation framework for financial Large Language Models (LLMs). While recent advances in financial natural…

Using Large Language Models (LLMs) for Process Mining (PM) tasks is becoming increasingly essential, and initial approaches yield promising results. However, little attention has been given to developing strategies for evaluating and…

Databases · Computer Science 2024-07-01 Alessandro Berti , Humam Kourani , Hannes Hafke , Chiao-Yun Li , Daniel Schuster

Large language models (LLM) have revolutionized the processing of natural language. Although first benchmarks of the process modeling abilities of LLM are promising, it is currently under debate to what extent an LLM can generate good…

Computation and Language · Computer Science 2025-03-19 Peter Fettke , Constantin Houy

Large Language Models (LLMs), consisting of 100 billion or more parameters, have demonstrated remarkable ability in complex multi-step reasoning tasks. However, the application of such generic advancements has been limited to a few fields,…

Computation and Language · Computer Science 2023-06-27 Guijin Son , Hanearl Jung , Moonjeong Hahm , Keonju Na , Sol Jin

Language Models (LMs) struggle with complex, interdependent instructions, particularly in high-stakes domains like finance where precision is critical. We introduce FIFE, a novel, high-difficulty benchmark designed to assess LM…

Machine Learning · Computer Science 2025-12-11 Glenn Matlin , Siddharth , Anirudh JM , Aditya Shukla , Yahya Hassan , Sudheer Chava

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 attracted significant attention for classification tasks, offering a flexible alternative to trusted classical machine learning models like LightGBM through zero-shot prompting. However, their reliability…

Machine Learning · Computer Science 2025-12-02 Saeed AlMarri , Mathieu Ravaut , Kristof Juhasz , Gautier Marti , Hamdan Al Ahbabi , Ibrahim Elfadel

Large language models (LLMs) are increasingly deployed in financial contexts, raising critical concerns about reliability, alignment, and susceptibility to adversarial manipulation. While prior finance-related benchmarks assess LLMs'…

Computation and Language · Computer Science 2026-05-12 Xiaoyu Hu , Jinman Zhao

Large language models (LLMs) are increasingly deployed in financial research workflows, where their role is evolving from single-model assistance for human analysts toward autonomous collaboration among multiple agents. Yet real-world…

Computation and Language · Computer Science 2026-05-11 Yiyun Zhu , Yidong Jiang , Ziwen Xu , Yinsheng Yao , Dawei Cheng , Jinru Ding , Jie Xu