L3iTC at the FinLLM Challenge Task: Quantization for Financial Text Classification & Summarization
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Abstract (arXiv)
This article details our participation (L3iTC) in the FinLLM Challenge Task 2024, focusing on two key areas: Task 1, financial text classification, and Task 2, financial text summarization. To address these challenges, we fine-tuned several large language models (LLMs) to optimize performance for each task. Specifically, we used 4-bit quantization and LoRA to determine which layers of the LLMs should be trained at a lower precision. This approach not only accelerated the fine-tuning process on the training data provided by the organizers but also enabled us to run the models on low GPU memory. Our fine-tuned models achieved third place for the financial classification task with an F1-score of 0.7543 and secured sixth place in the financial summarization task on the official test datasets.
Key facts. Cited by 4 papers in the map (data through 7 Oct 2026). Builds on 5 of its 9 references that are in the map. First posted on arXiv 6 Aug 2024.
Builds on
5 of 9 references.
References · 5
- 2021LoRA: Low-Rank Adaptation of Large Language Modelscited by 14,084
- 2023From Words to Watts: Benchmarking the Energy Costs of Large Language Model Inferencecited by 168
- 2023FinMem: A Performance-Enhanced LLM Trading Agent with Layered Memory and Character Designcited by 163
- 2023Skywork: A More Open Bilingual Foundation Modelcited by 110
- 2021Trade the Event: Corporate Events Detection for News-Based Event-Driven Tradingcited by 39
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Citing papers per year: 2025: 3; 2026: 1.
4 papers.
- 2025LLM Bias Detection and Mitigation through the Lens of Desired Distributionscited by 4
- 2025HARLF: Hierarchical Reinforcement Learning and Lightweight LLM-Driven Sentiment Integration for Financial Portfolio Optimizationcited by 2
- 2025A symbolic Perl algorithm for the unification of Nahuatl word spellingscited by 0
- 2026RA-FinBERT: Rule-aware LoRA adaptation for low-resource financial sentiment classificationcited by 0
- 2026RA-FinBERT: Rule-aware LoRA adaptation for low-resource financial sentiment classification10 Aug 2026
- 2025A symbolic Perl algorithm for the unification of Nahuatl word spellings24 Nov 2025
- 2025LLM Bias Detection and Mitigation through the Lens of Desired Distributions7 Oct 2025
- 2025HARLF: Hierarchical Reinforcement Learning and Lightweight LLM-Driven Sentiment Integration for Financial Portfolio Optimization24 Jul 2025