# Generative AI Enhanced Financial Risk Management Information Retrieval

arXiv: https://arxiv.org/abs/2504.06293 · HTML: https://mlsanity.com/paper/2504.06293/

## Key facts

- Cited by 3 papers in the map (data through 14 Oct 2026).
- Builds on 29 of its 44 references that are in the map.
- First posted on arXiv 4 Apr 2025.

## Builds on (most cited first, 29 of 29)

- [Attention Is All You Need](https://mlsanity.com/paper/1706.03762/) (2017)
- [BERT: Pre-training of Deep Bidirectional Transformers for Language Understanding](https://mlsanity.com/paper/1810.04805/) (2018)
- [RoBERTa: A Robustly Optimized BERT Pretraining Approach](https://mlsanity.com/paper/1907.11692/) (2019)
- [Retrieval-Augmented Generation for Knowledge-Intensive NLP Tasks](https://mlsanity.com/paper/2005.11401/) (2020)
- [DistilBERT, a distilled version of BERT: smaller, faster, cheaper and lighter](https://mlsanity.com/paper/1910.01108/) (2019)
- [Dense Passage Retrieval for Open-Domain Question Answering](https://mlsanity.com/paper/2004.04906/) (2020)
- [Distributed Representations of Words and Phrases and their Compositionality](https://mlsanity.com/paper/1310.4546/) (2013)
- [Deep contextualized word representations](https://mlsanity.com/paper/1802.05365/) (2018)
- [HuggingFace's Transformers: State-of-the-art Natural Language Processing](https://mlsanity.com/paper/1910.03771/) (2019)
- [Retrieval-Augmented Generation for Large Language Models: A Survey](https://mlsanity.com/paper/2312.10997/) (2023)
- [BioBERT: a pre-trained biomedical language representation model for biomedical text mining](https://mlsanity.com/paper/1901.08746/) (2019)
- [A Survey on Hallucination in Large Language Models: Principles, Taxonomy, Challenges, and Open Questions](https://mlsanity.com/paper/2311.05232/) (2023)
- [Passage Re-ranking with BERT](https://mlsanity.com/paper/1901.04085/) (2019)
- [FinQA: A Dataset of Numerical Reasoning over Financial Data](https://mlsanity.com/paper/2109.00122/) (2021)
- [How Close is ChatGPT to Human Experts? Comparison Corpus, Evaluation, and Detection](https://mlsanity.com/paper/2301.07597/) (2023)
- [TAT-QA: A Question Answering Benchmark on a Hybrid of Tabular and Textual Content in Finance](https://mlsanity.com/paper/2105.07624/) (2021)
- [FinanceBench: A New Benchmark for Financial Question Answering](https://mlsanity.com/paper/2311.11944/) (2023)
- [A Comprehensive Survey of Hallucination Mitigation Techniques in Large Language Models](https://mlsanity.com/paper/2401.01313/) (2024)
- [Efficient Natural Language Response Suggestion for Smart Reply](https://mlsanity.com/paper/1705.00652/) (2017)
- [ConvFinQA: Exploring the Chain of Numerical Reasoning in Conversational Finance Question Answering](https://mlsanity.com/paper/2210.03849/) (2022)
- [Learning Dense Representations for Entity Retrieval](https://mlsanity.com/paper/1909.10506/) (2019)
- [MEMORYLLM: Towards Self-Updatable Large Language Models](https://mlsanity.com/paper/2402.04624/) (2024)
- [Reducing hallucination in structured outputs via Retrieval-Augmented Generation](https://mlsanity.com/paper/2404.08189/) (2024)
- [NV-Retriever: Improving text embedding models with effective hard-negative mining](https://mlsanity.com/paper/2407.15831/) (2024)
- [A Comprehensive Survey of Retrieval-Augmented Generation (RAG): Evolution, Current Landscape and Future Directions](https://mlsanity.com/paper/2410.12837/) (2024)
- [Arctic-Embed: Scalable, Efficient, and Accurate Text Embedding Models](https://mlsanity.com/paper/2405.05374/) (2024)
- [Injecting Domain-Specific Knowledge into Large Language Models: A Comprehensive Survey](https://mlsanity.com/paper/2502.10708/) (2025)
- [Trade the Event: Corporate Events Detection for News-Based Event-Driven Trading](https://mlsanity.com/paper/2105.12825/) (2021)
- [FACTS About Building Retrieval Augmented Generation-based Chatbots](https://mlsanity.com/paper/2407.07858/) (2024)

## Built on by (most cited first, 3 of 3)

- [Structured Debate Improves Corporate Credit Reasoning in Financial AI](https://mlsanity.com/paper/2510.17108/) (2025)
- [Financial Bond Similarity Search Using Representation Learning](https://mlsanity.com/paper/2602.07020/) (2026)
- [Topological Signatures of Context-Level Reliability in TabPFN](https://mlsanity.com/paper/2607.17962/) (2026)

## Abstract (arXiv)

Risk management in finance involves recognizing, evaluating, and addressing financial risks to maintain stability and ensure regulatory compliance. Extracting relevant insights from extensive regulatory documents is a complex challenge requiring advanced retrieval and language models. This paper introduces RiskData, a dataset specifically curated for finetuning embedding models in risk management, and RiskEmbed, a finetuned embedding model designed to improve retrieval accuracy in financial question-answering systems. The dataset is derived from 94 regulatory guidelines published by the Office of the Superintendent of Financial Institutions (OSFI) from 1991 to 2024. We finetune a state-of-the-art sentence BERT embedding model to enhance domain-specific retrieval performance typically for Retrieval-Augmented Generation (RAG) systems. Experimental results demonstrate that RiskEmbed significantly outperforms general-purpose and financial embedding models, achieving substantial improvements in ranking metrics. By open-sourcing both the dataset and the model, we provide a valuable resource for financial institutions and researchers aiming to develop more accurate and efficient risk management AI solutions.