Xiang, Ruoyu
Plutus: Benchmarking Large Language Models in Low-Resource Greek Finance
Peng, Xueqing, Papadopoulos, Triantafillos, Soufleri, Efstathia, Giannouris, Polydoros, Xiang, Ruoyu, Wang, Yan, Qian, Lingfei, Huang, Jimin, Xie, Qianqian, Ananiadou, Sophia
Despite Greece's pivotal role in the global economy, large language models (LLMs) remain underexplored for Greek financial context due to the linguistic complexity of Greek and the scarcity of domain-specific datasets. Previous efforts in multilingual financial natural language processing (NLP) have exposed considerable performance disparities, yet no dedicated Greek financial benchmarks or Greek-specific financial LLMs have been developed until now. To bridge this gap, we introduce Plutus-ben, the first Greek Financial Evaluation Benchmark, and Plutus-8B, the pioneering Greek Financial LLM, fine-tuned with Greek domain-specific data. Plutus-ben addresses five core financial NLP tasks in Greek: numeric and textual named entity recognition, question answering, abstractive summarization, and topic classification, thereby facilitating systematic and reproducible LLM assessments. To underpin these tasks, we present three novel, high-quality Greek financial datasets, thoroughly annotated by expert native Greek speakers, augmented by two existing resources. Our comprehensive evaluation of 22 LLMs on Plutus-ben reveals that Greek financial NLP remains challenging due to linguistic complexity, domain-specific terminology, and financial reasoning gaps. These findings underscore the limitations of cross-lingual transfer, the necessity for financial expertise in Greek-trained models, and the challenges of adapting financial LLMs to Greek text. We release Plutus-ben, Plutus-8B, and all associated datasets publicly to promote reproducible research and advance Greek financial NLP, fostering broader multilingual inclusivity in finance.
FinBen: A Holistic Financial Benchmark for Large Language Models
Xie, Qianqian, Han, Weiguang, Chen, Zhengyu, Xiang, Ruoyu, Zhang, Xiao, He, Yueru, Xiao, Mengxi, Li, Dong, Dai, Yongfu, Feng, Duanyu, Xu, Yijing, Kang, Haoqiang, Kuang, Ziyan, Yuan, Chenhan, Yang, Kailai, Luo, Zheheng, Zhang, Tianlin, Liu, Zhiwei, Xiong, Guojun, Deng, Zhiyang, Jiang, Yuechen, Yao, Zhiyuan, Li, Haohang, Yu, Yangyang, Hu, Gang, Huang, Jiajia, Liu, Xiao-Yang, Lopez-Lira, Alejandro, Wang, Benyou, Lai, Yanzhao, Wang, Hao, Peng, Min, Ananiadou, Sophia, Huang, Jimin
LLMs have transformed NLP and shown promise in various fields, yet their potential in finance is underexplored due to a lack of comprehensive evaluation benchmarks, the rapid development of LLMs, and the complexity of financial tasks. In this paper, we introduce FinBen, the first extensive open-source evaluation benchmark, including 36 datasets spanning 24 financial tasks, covering seven critical aspects: information extraction (IE), textual analysis, question answering (QA), text generation, risk management, forecasting, and decision-making. FinBen offers several key innovations: a broader range of tasks and datasets, the first evaluation of stock trading, novel agent and Retrieval-Augmented Generation (RAG) evaluation, and three novel open-source evaluation datasets for text summarization, question answering, and stock trading. Our evaluation of 15 representative LLMs, including GPT-4, ChatGPT, and the latest Gemini, reveals several key findings: While LLMs excel in IE and textual analysis, they struggle with advanced reasoning and complex tasks like text generation and forecasting. GPT-4 excels in IE and stock trading, while Gemini is better at text generation and forecasting. Instruction-tuned LLMs improve textual analysis but offer limited benefits for complex tasks such as QA. FinBen has been used to host the first financial LLMs shared task at the FinNLP-AgentScen workshop during IJCAI-2024, attracting 12 teams. Their novel solutions outperformed GPT-4, showcasing FinBen's potential to drive innovation in financial LLMs.