FLAME: Financial Large-Language Model Assessment and Metrics Evaluation
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Abstract (arXiv)
LLMs have revolutionized NLP and demonstrated potential across diverse domains. More and more financial LLMs have been introduced for finance-specific tasks, yet comprehensively assessing their value is still challenging. In this paper, we introduce FLAME, a comprehensive financial LLMs evaluation system in Chinese, which includes two core evaluation benchmarks: FLAME-Cer and FLAME-Sce. FLAME-Cer covers 14 types of authoritative financial certifications, including CPA, CFA, and FRM, with a total of approximately 16,000 carefully selected questions. All questions have been manually reviewed to ensure accuracy and representativeness. FLAME-Sce consists of 10 primary core financial business scenarios, 21 secondary financial business scenarios, and a comprehensive evaluation set of nearly 100 tertiary financial application tasks. We evaluate 6 representative LLMs, including GPT-4o, GLM-4, ERNIE-4.0, Qwen2.5, XuanYuan3, and the latest Baichuan4-Finance, revealing Baichuan4-Finance excels other LLMs in most tasks. By establishing a comprehensive and professional evaluation system, FLAME facilitates the advancement of financial LLMs in Chinese contexts. Instructions for participating in the evaluation are available on GitHub: https://github.com/FLAME-ruc/FLAME.
Key facts. Cited by 8 papers in the map (data through 7 Oct 2026). Builds on 8 of its 8 references that are in the map. First posted on arXiv 3 Jan 2025.
Builds on
8 of 8 references.
References · 8
- 2024The Llama 3 Herd of Modelscited by 14,192
- 2024Qwen2 Technical Reportcited by 2,076
- 2023Baichuan 2: Open Large-scale Language Modelscited by 664
- 2023FinanceBench: A New Benchmark for Financial Question Answeringcited by 261
- 2023PIXIU: A Large Language Model, Instruction Data and Evaluation Benchmark for Financecited by 217
- 2024FinBen: A Holistic Financial Benchmark for Large Language Modelscited by 140
- 2023ChatGPT Informed Graph Neural Network for Stock Movement Predictioncited by 41
- 2023BizBench: A Quantitative Reasoning Benchmark for Business and Financecited by 28
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Citing papers per year: 2025: 5; 2026: 3.
8 papers.
- 2026FinToolBench: Evaluating LLM Agents for Real-World Financial Tool Usecited by 7
- 2025Advancing Financial Engineering with Foundation Models: Progress, Applications, and Challengescited by 4
- 2025Agent Bain vs. Agent McKinsey: A New Text-to-SQL Benchmark for the Business Domaincited by 3
- 2025TeleEval-OS: Performance evaluations of large language models for operations schedulingcited by 1
- 2025Towards Competent AI for Fundamental Analysis in Finance: A Benchmark Dataset and Evaluationcited by 0
- 2025QianfanHuijin Technical Report: A Novel Multi-Stage Training Paradigm for Finance Industrial LLMscited by 0
- 2026Are the Financial Reasoning from LLMs Credible? A Real World Test over Long-Horizon Statementscited by 0
- 2026FinExam-10K: When Retrieval Helps Financial Reasoning?cited by 0
- 2026FinExam-10K: When Retrieval Helps Financial Reasoning?28 Aug 2026
- 2026Are the Financial Reasoning from LLMs Credible? A Real World Test over Long-Horizon Statements22 Jul 2026
- 2026FinToolBench: Evaluating LLM Agents for Real-World Financial Tool Use9 Mar 2026
- 2025QianfanHuijin Technical Report: A Novel Multi-Stage Training Paradigm for Finance Industrial LLMs30 Dec 2025
- 2025Agent Bain vs. Agent McKinsey: A New Text-to-SQL Benchmark for the Business Domain8 Oct 2025
- 2025Advancing Financial Engineering with Foundation Models: Progress, Applications, and Challenges7 Jul 2025
- 2025Towards Competent AI for Fundamental Analysis in Finance: A Benchmark Dataset and Evaluation22 May 2025
- 2025TeleEval-OS: Performance evaluations of large language models for operations scheduling6 May 2025