When FLUE Meets FLANG: Benchmarks and Large Pretrained Language Model for Financial Domain

Raj Shah, Kunal Chawla, Dheeraj Eidnani, Agam Shah, Wendi Du, Sudheer Chava, Natraj Raman, Charese Smiley, Jiaao Chen, Diyi Yang


Abstract
Pre-trained language models have shown impressive performance on a variety of tasks and domains. Previous research on financial language models usually employs a generic training scheme to train standard model architectures, without completely leveraging the richness of the financial data. We propose a novel domain specific Financial LANGuage model (FLANG) which uses financial keywords and phrases for better masking, together with span boundary objective and in-filing objective. Additionally, the evaluation benchmarks in the field have been limited. To this end, we contribute the Financial Language Understanding Evaluation (FLUE), an open-source comprehensive suite of benchmarks for the financial domain. These include new benchmarks across 5 NLP tasks in financial domain as well as common benchmarks used in the previous research. Experiments on these benchmarks suggest that our model outperforms those in prior literature on a variety of NLP tasks. Our models, code and benchmark data will be made publicly available on Github and Huggingface.
Anthology ID:
2022.emnlp-main.148
Volume:
Proceedings of the 2022 Conference on Empirical Methods in Natural Language Processing
Month:
December
Year:
2022
Address:
Abu Dhabi, United Arab Emirates
Venue:
EMNLP
SIG:
Publisher:
Association for Computational Linguistics
Note:
Pages:
2322–2335
Language:
URL:
https://aclanthology.org/2022.emnlp-main.148
DOI:
Bibkey:
Cite (ACL):
Raj Shah, Kunal Chawla, Dheeraj Eidnani, Agam Shah, Wendi Du, Sudheer Chava, Natraj Raman, Charese Smiley, Jiaao Chen, and Diyi Yang. 2022. When FLUE Meets FLANG: Benchmarks and Large Pretrained Language Model for Financial Domain. In Proceedings of the 2022 Conference on Empirical Methods in Natural Language Processing, pages 2322–2335, Abu Dhabi, United Arab Emirates. Association for Computational Linguistics.
Cite (Informal):
When FLUE Meets FLANG: Benchmarks and Large Pretrained Language Model for Financial Domain (Shah et al., EMNLP 2022)
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https://preview.aclanthology.org/emnlp-22-ingestion/2022.emnlp-main.148.pdf