Contextual pretrained language models, such as BERT (Devlin et al., 2019), have made significant breakthrough in various NLP tasks by training on large scale of unlabeled text re-sources.Financial sector also accumulates large amount of financial communication text.However, there is no pretrained finance specific language models available. In this work,we address the need by pretraining a financial domain specific BERT models, FinBERT, using a large scale of financial communication corpora. Experiments on three financial sentiment classification tasks confirm the advantage of FinBERT over generic domain BERT model. The code and pretrained models are available at https://github.com/yya518/FinBERT. We hope this will be useful for practitioners and researchers working on financial NLP tasks.
University of Amsterdam（阿姆斯特丹大学）；Naspers Group（纳斯帕斯集团）
Financial sentiment analysis is a challenging task due to the specialized language and lack of labeled data in that domain. General-purpose models are not effective enough because of the specialized language used in a financial context. We hypothesize that pre-trained language models can help with this problem because they require fewer labeled examples and they can be further trained on domain-specific corpora. We introduce FinBERT, a language model based on BERT, to tackle NLP tasks in the financial domain. Our results show improvement in every measured metric on current state-of-the-art res…
School of Management, University of Science and Technology of China（中国科学技术大学管理学院）
Financial named entity recognition (FinNER) from literature is a challenging task in the field of financial text information extraction, which aims to extract a large amount of financial knowledge from unstructured texts. It is widely accepted to use sequence tagging frameworks to implement FinNER tasks. However, such sequence tagging models cannot fully take advantage of the semantic information in the texts. Instead, we formulate the FinNER task as a machine reading comprehension (MRC) problem and propose a new model termed FinBERT-MRC. This formulation introduces significant prior informati…
Exploring the Impact of Corpus Diversity on Financial Pretrained Language Models
Department of Applied Artificial Intelligence, Hanyang University（应用人工智能系，翰阳大学）；Division of Computer Science, Hanyang University（计算机科学系，翰阳大学）；Ramply Inc.（Ramply公司）
Hypernym and synonym matching are one of the mainstream Natural Language Processing (NLP) tasks. In this paper, we present systems that attempt to solve this problem. We designed these systems to participate in the FinSim-3, a shared task of FinNLP workshop at IJCAI-2021. The shared task is focused on solving this problem for the financial domain. We experimented with various transformer based pre-trained embeddings by fine-tuning these for either classification or phrase similarity tasks. We also augmented the provided dataset with abbreviations derived from prospectus provided by the organiz…
Fine-tuning of lightweight large language models for sentiment classification on heterogeneous financial textual data
International Business School, Zhejiang University（浙江大学国际商务学院）；Center for Data Science, Zhejiang University（浙江大学数据科学中心）；Centre for Statistics, Georg-August-Universität Göttingen（哥廷根大学统计中心）
Amazon AI（亚马逊AI）；Pompeu Fabra University（庞培法布拉大学）；Catalan Institute for Research and Advanced Studies (ICREA)（加泰罗尼亚高等研究院（ICREA））
Transformers-based pretrained language models achieve outstanding results in many well-known NLU benchmarks. However, while pretraining methods are very convenient, they are expensive in terms of time and resources. This calls for a study of the impact of pretraining data size on the knowledge of the models. We explore this impact on the syntactic capabilities of RoBERTa, using models trained on incremental sizes of raw text data. First, we use syntactic structural probes to determine whether models pretrained on more data encode a higher amount of syntactic information. Second, we perform a t…
Barcelona Supercomputing Center（巴塞罗那超级计算中心）；LHF Labs（LHF实验室）；Artificial Intelligence Finance Institute（人工智能金融研究所）；NYU Courant（纽约大学库朗数学科学研究所）
We introduce a new language representation model in finance called Financial Embedding Analysis of Sentiment (FinEAS). In financial markets, news and investor sentiment are significant drivers of security prices. Thus, leveraging the capabilities of modern NLP approaches for financial sentiment analysis is a crucial component in identifying patterns and trends that are useful for market participants and regulators. In recent years, methods that use transfer learning from large Transformer-based language models like BERT, have achieved state-of-the-art results in text classification tasks, incl…
Customers' reviews and comments are important for businesses to understand users' sentiment about the products and services. However, this data needs to be analyzed to assess the sentiment associated with topics/aspects to provide efficient customer assistance. LDA and LSA fail to capture the semantic relationship and are not specific to any domain. In this study, we evaluate BERTopic, a novel method that generates topics using sentence embeddings on Consumer Financial Protection Bureau (CFPB) data. Our work shows that BERTopic is flexible and yet provides meaningful and diverse topics compare…
DatedGPT: Preventing Lookahead Bias in Large Language Models with Time-Aware Pretraining
Department of Finance, CUHK Business School, The Chinese University of Hong Kong（香港中文大学商学院金融系，香港中文大学）；Centre for Artificial Intelligence, University College London（伦敦大学学院人工智能中心）
Deep learning-based language models pretrained on large unannotated text corpora have been demonstrated to allow efficient transfer learning for natural language processing, with recent approaches such as the transformer-based BERT model advancing the state of the art across a variety of tasks. While most work on these models has focused on high-resource languages, in particular English, a number of recent efforts have introduced multilingual models that can be fine-tuned to address tasks in a large number of different languages. However, we still lack a thorough understanding of the capabilit…
In the last few years, three major topics received increased interest: deep learning, NLP and conversational agents. Bringing these three topics together to create an amazing digital customer experience and indeed deploy in production and solve real-world problems is something innovative and disruptive. We introduce a new Portuguese financial domain language representation model called BERTaú. BERTaú is an uncased BERT-base trained from scratch with data from the Itaú virtual assistant chatbot solution. Our novel contribution is that BERTaú pretrained language model requires less data, reached…
