mlsanityData to 13 Oct 2026

FinForge: Semi-Synthetic Financial Benchmark Generation

arXiv 2601.06747 ↗First posted 11 Jan 2026cs.AIcited by 0

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Abstract (arXiv)

Evaluating Language Models (LMs) in specialized, high-stakes domains such as finance remains a significant challenge due to the scarcity of open, high-quality, and domain-specific datasets. Existing general-purpose benchmarks provide broad coverage but lack the depth and domain fidelity needed to assess LMs' capabilities for real-world financial reasoning, which requires both conceptual understanding and quantitative rigor. To address this gap, we introduce FinForge, a scalable, semi-synthetic pipeline for constructing finance-specific evaluation benchmarks through a hybrid of expert-guided data curation and controlled LM-based synthesis. FinForge combines manual and programmatic corpus construction from authoritative financial sources with structured question generation and validation using Gemini 2.5 Flash. To demonstrate the pipeline's efficacy, we produce FinForge-5k, a snapshot benchmark comprising over 5,000 human-validated question-answer pairs across 11 finance subdomains, derived from a curated corpus of 100,000 verified documents totaling 143M tokens. Evaluation of state-of-the-art open-source and closed-source models on FinForge-5k reveals significant differences in financial reasoning, with leading models achieving accuracy levels near 80%. These findings underscore the framework's utility for diagnosing current model limitations and guiding future improvements in financial domain competence. All code and data are available at https://github.com/gtfintechlab/FinForge.

Key facts. No citing papers in the map yet (data through 13 Oct 2026). Builds on 16 of its 31 references that are in the map. First posted on arXiv 11 Jan 2026.

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References · 16

  1. 2018Think you have Solved Question Answering? Try ARC, the AI2 Reasoning Challengecited by 4,798
  2. 2021On the Opportunities and Risks of Foundation Modelscited by 3,999
  3. 2025Gemini 2.5: Pushing the Frontier with Advanced Reasoning, Multimodality, Long Context, and Next Generation Agentic Capabilitiescited by 3,714
  4. 2022Beyond the Imitation Game: Quantifying and extrapolating the capabilities of language modelscited by 1,985
  5. 2023BloombergGPT: A Large Language Model for Financecited by 932
  6. 2021FinQA: A Dataset of Numerical Reasoning over Financial Datacited by 553
  7. 2023FinanceBench: A New Benchmark for Financial Question Answeringcited by 264
  8. 2024On LLMs-Driven Synthetic Data Generation, Curation, and Evaluation: A Surveycited by 242
  9. 2022ConvFinQA: Exploring the Chain of Numerical Reasoning in Conversational Finance Question Answeringcited by 196
  10. 2021AI in Finance: Challenges, Techniques and Opportunitiescited by 81
  11. 2023LatestEval: Addressing Data Contamination in Language Model Evaluation through Dynamic and Time-Sensitive Test Constructioncited by 57
  12. 2025Are Generative AI Agents Effective Personalized Financial Advisors?cited by 18
4 more
  1. 2024BenchAgents: Multi-Agent Systems for Structured Benchmark Creationcited by 9
  2. 2025Savaal: Scalable Concept-Driven Question Generation to Enhance Human Learningcited by 7
  3. 2025Advanced Financial Reasoning at Scale: A Comprehensive Evaluation of Large Language Models on CFA Level IIIcited by 6
  4. 2025Evaluating Large Language Models for Financial Reasoning: A CFA-Based Benchmark Studycited by 3

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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. 2026From Documents to Reasoning: A Validated Synthetic Data Pipeline and Semantic-Aware Fine-Tuning for Financial Numerical Reasoning
  4. 2026FinSheet-Bench: From Simple Lookups to Complex Reasoning, Where LLMs Break on Financial Spreadsheets
  5. 2025Finance Language Model Evaluation (FLaME)
  6. 2025FinMME: Benchmark Dataset for Financial Multi-Modal Reasoning Evaluation
  7. 2024KodeXv0.1: A Family of State-of-the-Art Financial Large Language Models
  8. 2025FinMR: A Knowledge-Intensive Multimodal Benchmark for Advanced Financial Reasoning