{"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/finbert-qa-financial-question-answering-with","title":"FinBERT-QA: Financial Question Answering with pre-trained BERT Language Models","arxiv_id":"2505.00725","date":"2025-04-24","proceeding":null,"authors":["Bithiah Yuan"],"abstract":"Motivated by the emerging demand in the financial industry for the automatic analysis of unstructured and structured data at scale, Question Answering (QA) systems can provide lucrative and competitive advantages to companies by facilitating the decision making of financial advisers. Consequently, we propose a novel financial QA system using the transformer-based pre-trained BERT language model to address the limitations of data scarcity and language specificity in the financial domain. Our system focuses on financial non-factoid answer selection, which retrieves a set of passage-level texts and selects the most relevant as the answer. To increase efficiency, we formulate the answer selection task as a re-ranking problem, in which our system consists of an Answer Retriever using BM25, a simple information retrieval approach, to first return a list of candidate answers, and an Answer Re-ranker built with variants of pre-trained BERT language models to re-rank and select the most relevant answers. We investigate various learning, further pre-training, and fine-tuning approaches for BERT. Our experiments suggest that FinBERT-QA, a model built from applying the Transfer and Adapt further fine-tuning and pointwise learning approach, is the most effective, improving the state-of-the-art results of task 2 of the FiQA dataset by 16% on MRR, 17% on NDCG, and 21% on Precision@1.","url_abs":"https://arxiv.org/abs/2505.00725v1","url_pdf":"https://arxiv.org/pdf/2505.00725v1.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":"finbert-qa-financial-question-answering-with","repo_url":"https://github.com/yuanbit/FinBERT-QA","is_official":1,"mentioned_in_paper":0,"mentioned_in_github":1,"framework":"pytorch","reach":null}],"tasks":[{"task_slug":"answer-selection","task_name":"Answer Selection"},{"task_slug":"information-retrieval","task_name":"Information Retrieval"},{"task_slug":"question-answering","task_name":"Question Answering"},{"task_slug":"re-ranking","task_name":"Re-Ranking"},{"task_slug":"specificity","task_name":"Specificity"},{"task_slug":"task-2","task_name":"Task 2"}],"methods":[{"method_slug":"adam","method_name":"Adam"},{"method_slug":"attention","method_name":"Attention"},{"method_slug":"attention-dropout","method_name":"Attention Dropout"},{"method_slug":"bert","method_name":"BERT"},{"method_slug":"dense-connections","method_name":"Dense Connections"},{"method_slug":"dropout","method_name":"Dropout"},{"method_slug":"layer-normalization","method_name":"Layer Normalization"},{"method_slug":"linear-layer","method_name":"Linear Layer"},{"method_slug":"linear-warmup-with-linear-decay","method_name":"Linear Warmup With Linear Decay"},{"method_slug":"multi-head-attention","method_name":"Multi-Head Attention"},{"method_slug":"residual-connection","method_name":"Residual Connection"},{"method_slug":"set","method_name":"SET"},{"method_slug":"softmax","method_name":"Softmax"},{"method_slug":"weight-decay","method_name":"Weight Decay"},{"method_slug":"wordpiece","method_name":"WordPiece"}],"datasets_introduced":[],"methods_introduced":[],"results":[],"syntology":{"syntology_url":null,"atlas_url":null,"mcp":null,"developers":"https://syntology.ai/developers"},"arxiv_metadata":null,"syntology_extracted_results":null}