{"about":{"site":"https://codewithpapers.app","non_affiliation":"Code with Papers and Syntology are not affiliated with, endorsed by, or sponsored by Papers with Code, Meta, or the pwc-archive mirror.","licence":"CC BY-SA 4.0","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","attribution":"https://codewithpapers.app/attribution","modified":"archive material modified by Syntology; see the attribution page"},"url":"/paper/famma-a-benchmark-for-financial-domain","title":"FAMMA: A Benchmark for Financial Domain Multilingual Multimodal Question Answering","arxiv_id":"2410.04526","date":"2024-10-06","proceeding":null,"authors":["Siqiao Xue","Xiaojing Li","Fan Zhou","Qingyang Dai","Zhixuan Chu","Hongyuan Mei"],"abstract":"In this paper, we introduce FAMMA, an open-source benchmark for \\underline{f}in\\underline{a}ncial \\underline{m}ultilingual \\underline{m}ultimodal question \\underline{a}nswering (QA). Our benchmark aims to evaluate the abilities of large language models (LLMs) in answering complex reasoning questions that require advanced financial knowledge. The benchmark has two versions: FAMMA-Basic consists of 1,945 questions extracted from university textbooks and exams, along with human-annotated answers and rationales; FAMMA-LivePro consists of 103 novel questions created by human domain experts, with answers and rationales held out from the public for a contamination-free evaluation. These questions cover advanced knowledge of 8 major subfields in finance (e.g., corporate finance, derivatives, and portfolio management). Some are in Chinese or French, while a majority of them are in English. Each question has some non-text data such as charts, diagrams, or tables. Our experiments reveal that FAMMA poses a significant challenge on LLMs, including reasoning models such as GPT-o1 and DeepSeek-R1. Additionally, we curated 1,270 reasoning trajectories of DeepSeek-R1 on the FAMMA-Basic data, and fine-tuned a series of open-source Qwen models using this reasoning data. We found that training a model on these reasoning trajectories can significantly improve its performance on FAMMA-LivePro. We released our leaderboard, data, code, and trained models at https://famma-bench.github.io/famma/.","url_abs":"https://arxiv.org/abs/2410.04526v4","url_pdf":"https://arxiv.org/pdf/2410.04526v4.pdf","source":{"archive":"pwc-archive (Hugging Face), CC BY-SA 4.0","snapshot":"2025-07-28","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","row_kind":"abstracts"},"code_links":[{"paper_slug":"famma-a-benchmark-for-financial-domain","repo_url":"https://github.com/famma-bench/bench-script","is_official":1,"mentioned_in_paper":1,"mentioned_in_github":1,"framework":"none","reach":{"status":"ok","spdx":"Apache-2.0"}}],"tasks":[{"task_slug":"asset-management","task_name":"Asset Management"},{"task_slug":"question-answering","task_name":"Question Answering"}],"methods":[{"method_slug":"adam","method_name":"Adam"},{"method_slug":"attention","method_name":"Attention"},{"method_slug":"attention-dropout","method_name":"Attention Dropout"},{"method_slug":"bpe","method_name":"BPE"},{"method_slug":"cosine-annealing","method_name":"Cosine Annealing"},{"method_slug":"dense-connections","method_name":"Dense Connections"},{"method_slug":"discriminative-fine-tuning","method_name":"Discriminative Fine-Tuning"},{"method_slug":"dropout","method_name":"Dropout"},{"method_slug":"gpt","method_name":"GPT"},{"method_slug":"layer-normalization","method_name":"Layer Normalization"},{"method_slug":"linear-layer","method_name":"Linear Layer"},{"method_slug":"linear-warmup-with-cosine-annealing","method_name":"Linear Warmup With Cosine Annealing"},{"method_slug":"multi-head-attention","method_name":"Multi-Head Attention"},{"method_slug":"residual-connection","method_name":"Residual Connection"},{"method_slug":"softmax","method_name":"Softmax"},{"method_slug":"weight-decay","method_name":"Weight Decay"}],"datasets_introduced":[],"methods_introduced":[],"results":[],"syntology":{"syntology_url":"https://syntology.ai/paper/2410.04526","atlas_url":"https://app.syntology.ai/?focus=2410.04526","mcp":{"get_harvested_code_for_paper":{"arxiv_id":"2410.04526"}},"developers":"https://syntology.ai/developers","read_at":"2026-09-25T09:33:49+00:00","read_at_is":"when the build read Syntology's graph, not when any sample ran","claim":"Per-sample execution status on synthesized fixtures; not a correctness claim about the paper. 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