The field of financial natural language processing is rapidly evolving, with a focus on developing innovative methods for extracting insights from financial texts. Recent research has centered on improving the accuracy of financial event entity extraction, question answering, and information retrieval. The use of large language models (LLMs) and retrieval-augmented generation (RAG) systems has shown significant promise in addressing the challenges posed by the complexity and nuance of financial language. Notable developments include the proposal of new datasets, such as FinNLI and FinDER, which provide benchmarks for evaluating the performance of LLMs and RAG systems in financial natural language inference and question answering tasks. Additionally, the introduction of novel models, including FinSage and JurisCTC, has demonstrated improved performance in financial question answering and legal judgment prediction tasks.
Some noteworthy papers include: FinSage, which proposes a multi-aspect RAG system for financial filings question answering, achieving an impressive recall of 92.51% on expert-curated questions. JurisCTC, which employs cross-domain transfer and contrastive learning to improve legal judgment prediction, achieving peak accuracies of 76.59% and 78.83%.