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As financial institutions increasingly adopt Large Language Models (LLMs), rigorous domain-specific evaluation becomes critical for responsible deployment. This paper presents a comprehensive benchmark evaluating 23 state-of-the-art LLMs on…

Computation and Language · Computer Science 2025-09-23 Pranam Shetty , Abhisek Upadhayaya , Parth Mitesh Shah , Srikanth Jagabathula , Shilpi Nayak , Anna Joo Fee

Large Language Models (LLMs) have demonstrated remarkable performance on a wide range of Natural Language Processing (NLP) tasks, often matching or even beating state-of-the-art task-specific models. This study aims at assessing the…

Computation and Language · Computer Science 2023-10-16 Ethan Callanan , Amarachi Mbakwe , Antony Papadimitriou , Yulong Pei , Mathieu Sibue , Xiaodan Zhu , Zhiqiang Ma , Xiaomo Liu , Sameena Shah

In the modern financial sector, the exponential growth of data has made efficient and accurate financial data analysis increasingly crucial. Traditional methods, such as statistical analysis and rule-based systems, often struggle to process…

Statistical Finance · Quantitative Finance 2025-04-10 Jingru Wang , Wen Ding , Xiaotong Zhu

The advancement of Large Language Models (LLMs) has greatly improved our ability to process complex language. However, accurately detecting logical fallacies remains a significant challenge. This study presents a novel and effective prompt…

Artificial Intelligence · Computer Science 2025-04-01 Jiwon Jeong , Hyeju Jang , Hogun Park

We introduce a large language model (LLM) based approach to answer complex questions requiring multi-hop numerical reasoning over financial reports. While LLMs have exhibited remarkable performance on various natural language and reasoning…

Computation and Language · Computer Science 2023-11-28 Karmvir Singh Phogat , Chetan Harsha , Sridhar Dasaratha , Shashishekar Ramakrishna , Sai Akhil Puranam

In recent years, Large Language Models (LLMs) have demonstrated remarkable versatility across various applications, including natural language understanding, domain-specific knowledge tasks, etc. However, applying LLMs to complex,…

Computation and Language · Computer Science 2024-11-12 Xinqi Yang , Scott Zang , Yong Ren , Dingjie Peng , Zheng Wen

This research project addresses the errors of financial numerical reasoning Question Answering (QA) tasks due to the lack of domain knowledge in finance. Despite recent advances in Large Language Models (LLMs), financial numerical questions…

Computation and Language · Computer Science 2026-01-01 Yukun Zhang , Stefan Elbl Droguett , Samyak Jain

As Large Language Models (LLMs) increasingly address domain-specific problems, their application in the financial sector has expanded rapidly. Tasks that are both highly valuable and time-consuming, such as analyzing financial statements,…

Computation and Language · Computer Science 2024-11-28 Joohyun Lee , Minji Roh

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

Large Language Models (LLMs) show great promise as a powerful tool for scientific literature exploration. However, their effectiveness in providing scientifically accurate and comprehensive answers to complex questions within specialized…

The inception of Large Language Models (LLMs) has catalyzed AI adoption in the finance sector, yet their reliability in complex, jurisdiction-specific tasks like Indian Chartered Accountancy (CA) remains limited. The models display…

Computation and Language · Computer Science 2026-05-04 Jatin Gupta , Akhil Sharma , Saransh Singhania , Ali Imam Abidi

Large language models (LLMs) have demonstrated their remarkable performance across various language understanding tasks. While emerging benchmarks have been proposed to evaluate LLMs in various domains such as mathematics and computer…

Artificial Intelligence · Computer Science 2024-10-28 Junnan Dong , Zijin Hong , Yuanchen Bei , Feiran Huang , Xinrun Wang , Xiao Huang

Large language models (LLMs) have demonstrated remarkable capabilities across various professional domains, with their performance typically evaluated through standardized benchmarks. In the financial field, the stringent demands for…

Computation and Language · Computer Science 2025-09-03 Feng Wang , Yiding Sun , Jiaxin Mao , Wei Xue , Danqing Xu

The hallucination issue is recognized as a fundamental deficiency of large language models (LLMs), especially when applied to fields such as finance, education, and law. Despite the growing concerns, there has been a lack of empirical…

Computation and Language · Computer Science 2023-11-28 Haoqiang Kang , Xiao-Yang Liu

Detecting fraud in financial transactions typically relies on tabular models that demand heavy feature engineering to handle high-dimensional data and offer limited interpretability, making it difficult for humans to understand predictions.…

Machine Learning · Computer Science 2026-04-10 Xuwei Tan , Yao Ma , Xueru Zhang

Previous research has reported that large language models (LLMs) demonstrate poor performance on the Chartered Financial Analyst (CFA) exams. However, recent reasoning models have achieved strong results on graduate-level academic and…

Artificial Intelligence · Computer Science 2025-12-10 Jaisal Patel , Yunzhe Chen , Kaiwen He , Keyi Wang , David Li , Kairong Xiao , Xiao-Yang Liu

Large Language Models (LLMs) generate responses to questions; however, their effectiveness is often hindered by sub-optimal quality of answers and occasional failures to provide accurate responses to questions. To address these challenges,…

Computation and Language · Computer Science 2024-02-06 Liang Zhang , Katherine Jijo , Spurthi Setty , Eden Chung , Fatima Javid , Natan Vidra , Tommy Clifford

Topic modeling is a research field finding increasing applications: historically from document retrieving, to sentiment analysis and text summarization. Large Language Models (LLM) are currently a major trend in text processing, but few…

Artificial Intelligence · Computer Science 2026-02-03 Fabrice Boissier , Monica Sen , Irina Rychkova

Recent studies have demonstrated that large language models (LLMs) exhibit significant biases in evaluation tasks, particularly in preferentially rating and favoring self-generated content. However, the extent to which this bias manifests…

Computation and Language · Computer Science 2025-12-09 Yen-Shan Chen , Jing Jin , Peng-Ting Kuo , Chao-Wei Huang , Yun-Nung Chen

Large Language Models (LLMs) have demonstrated significant performance improvements across various cognitive tasks. An emerging application is using LLMs to enhance retrieval-augmented generation (RAG) capabilities. These systems require…

Computation and Language · Computer Science 2025-01-28 Satyapriya Krishna , Kalpesh Krishna , Anhad Mohananey , Steven Schwarcz , Adam Stambler , Shyam Upadhyay , Manaal Faruqui
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