mlsanityData to 7 Oct 2026

Financial Knowledge Large Language Model

arXiv 2407.00365 ↗First posted 29 Jun 2024cs.CLcited by 3

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Abstract (arXiv)

Artificial intelligence is making significant strides in the finance industry, revolutionizing how data is processed and interpreted. Among these technologies, large language models (LLMs) have demonstrated substantial potential to transform financial services by automating complex tasks, enhancing customer service, and providing detailed financial analysis. Firstly, we introduce IDEA-FinBench, an evaluation benchmark specifically tailored for assessing financial knowledge in large language models (LLMs). This benchmark utilizes questions from two globally respected and authoritative financial professional exams, aimimg to comprehensively evaluate the capability of LLMs to directly address exam questions pertinent to the finance sector. Secondly, we propose IDEA-FinKER, a Financial Knowledge Enhancement framework designed to facilitate the rapid adaptation of general LLMs to the financial domain, introducing a retrieval-based few-shot learning method for real-time context-level knowledge injection, and a set of high-quality financial knowledge instructions for fine-tuning any general LLM. Finally, we present IDEA-FinQA, a financial question-answering system powered by LLMs. This system is structured around a scheme of real-time knowledge injection and factual enhancement using external knowledge. IDEA-FinQA is comprised of three main modules: the data collector, the data querying module, and LLM-based agents tasked with specific functions.

Key facts. Cited by 3 papers in the map (data through 7 Oct 2026). Builds on 61 of its 106 references that are in the map. First posted on arXiv 29 Jun 2024.

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61 of 106 references.

References · 61

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38 more
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Citing papers per year: 2024: 1; 2025: 2.

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  1. 2024FinLLMs: A Framework for Financial Reasoning Dataset Generation with Large Language Models
  2. 2024FinBen: A Holistic Financial Benchmark for Large Language Models
  3. 2025Evaluating Large Language Models for Financial Reasoning: A CFA-Based Benchmark Study
  4. 2025Large Language Models Acing Chartered Accountancy
  5. 2026FinForge: Semi-Synthetic Financial Benchmark Generation
  6. 2023Beyond Classification: Financial Reasoning in State-of-the-Art Language Models
  7. 2023Numerical Reasoning for Financial Reports
  8. 2025What Factors Affect LLMs and RLLMs in Financial Question Answering?