{"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/fino1-on-the-transferability-of-reasoning","title":"Fino1: On the Transferability of Reasoning Enhanced LLMs to Finance","arxiv_id":"2502.08127","date":"2025-02-12","proceeding":null,"authors":["Lingfei Qian","Weipeng Zhou","Yan Wang","Xueqing Peng","Han Yi","Jimin Huang","Qianqian Xie","Jianyun Nie"],"abstract":"While large language models (LLMs) have shown strong general reasoning capabilities, their effectiveness in financial reasoning, which is crucial for real-world financial applications remains underexplored. In this study, we conduct a comprehensive evaluation of 24 state-of-the-art general and reasoning-focused LLMs across four complex financial reasoning tasks involving financial text, tabular data, and equations. We assess key capabilities such as numerical reasoning, tabular interpretation, financial terminology comprehension, long-context understanding, and equation-based problem solving. Our analysis reveals that while data quality and pretraining contribute to performance, general techniques like chain-of-thought (CoT) fine-tuning offer limited gains in financial tasks. To address this, we propose two domain-adapted models, Fino1-8B and Fino1-14B, trained with CoT fine-tuning and reinforcement learning using domain-specific reasoning paths. Our models are trained on a carefully curated dataset integrating high-quality examples from diverse sources, covering financial reports, tables, equations, and structured XBRL texts. Despite limited training data, they achieve an 7-9% performance improvement, outperforming several advanced LLMs, including GPT-o1, GPT-o3-mini, GPT-4.5, and comparable with DeepSeek models (V3 and R1), demonstrating strong practical value in resource, constrained scenarios. Our findings highlight the need for domain-specific adaptations in financial reasoning, and we release all datasets, models, and code for future research.","url_abs":"https://arxiv.org/abs/2502.08127v2","url_pdf":"https://arxiv.org/pdf/2502.08127v2.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":"fino1-on-the-transferability-of-reasoning","repo_url":"https://github.com/the-finai/fino1","is_official":1,"mentioned_in_paper":1,"mentioned_in_github":1,"framework":"none","reach":null}],"tasks":[{"task_slug":"benchmarking","task_name":"Benchmarking"},{"task_slug":"long-context-understanding","task_name":"Long-Context Understanding"}],"methods":[{"method_slug":"absolute-position-encodings","method_name":"Absolute Position Encodings"},{"method_slug":"adam","method_name":"Adam"},{"method_slug":"attention","method_name":"Attention"},{"method_slug":"bpe","method_name":"BPE"},{"method_slug":"dense-connections","method_name":"Dense Connections"},{"method_slug":"dropout","method_name":"Dropout"},{"method_slug":"gpt-4","method_name":"GPT-4"},{"method_slug":"label-smoothing","method_name":"Label Smoothing"},{"method_slug":"layer-normalization","method_name":"Layer Normalization"},{"method_slug":"linear-layer","method_name":"Linear Layer"},{"method_slug":"multi-head-attention","method_name":"Multi-Head Attention"},{"method_slug":"position-wise-feed-forward-layer","method_name":"Position-Wise Feed-Forward Layer"},{"method_slug":"residual-connection","method_name":"Residual Connection"},{"method_slug":"softmax","method_name":"Softmax"},{"method_slug":"transformer","method_name":"Transformer"}],"datasets_introduced":[],"methods_introduced":[],"results":[],"syntology":{"syntology_url":"https://syntology.ai/paper/2502.08127","atlas_url":"https://app.syntology.ai/?focus=2502.08127","mcp":{"get_harvested_code_for_paper":{"arxiv_id":"2502.08127"}},"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. Samples come from repositories linked to the paper, official or community; repo_kind says which.","repos":[{"provenance":"external:paperswithcode_snapshot_2025-07-28","url":"https://github.com/the-finai/fino1","reach":null}],"summary":{"ran_draft_wrong":4},"by_repo_kind":{"official":{"samples":4,"ran":4,"repositories":1}},"repo_kind_vocabulary":{"official":"The archive marks this repository official for the paper","named_in_paper":"The archive records that the paper mentions this repository; it is not marked official","listed":"In the archive's code links for this paper, not marked official and not recorded as mentioned in the paper","found_in_text":"Syntology found this repository in the paper's own text; whether it is the authors' implementation is not asserted","community":"Not in the archive's code links for this paper; a community repository Syntology harvested"},"n_pointer_only_for_licence":4,"samples":[{"code_sha256_prefix":"33864f9568e5cdbb","entry":"extract_bracket_content","repo":"the-finai/fino1","repo_kind":"official","path":"CoT_build.py","file_url":"https://github.com/the-finai/fino1/blob/HEAD/CoT_build.py","link_basis":"first_harvest_node","language":"python","status":"ran_draft_wrong","verification_level":1,"contract_check":"OUTPUT_MISDECLARED","metamorphic_tier":"deterministic","behaviour_fingerprint":true,"licence":"NONE","inline_ok":false,"mcp_get_code":{"code_sha256":"33864f9568e5cdbb"}},{"code_sha256_prefix":"d21d221d3e201beb","entry":"get_api_config","repo":"the-finai/fino1","repo_kind":"official","path":"query_llm.py","file_url":"https://github.com/the-finai/fino1/blob/HEAD/query_llm.py","link_basis":"first_harvest_node","language":"python","status":"ran_draft_wrong","verification_level":1,"contract_check":"OUTPUT_MISDECLARED","metamorphic_tier":"deterministic","behaviour_fingerprint":false,"licence":"NONE","inline_ok":false,"mcp_get_code":{"code_sha256":"d21d221d3e201beb"}},{"code_sha256_prefix":"7e67db619e761b6f","entry":"parse_gpt_response","repo":"the-finai/fino1","repo_kind":"official","path":"CoT_build.py","file_url":"https://github.com/the-finai/fino1/blob/HEAD/CoT_build.py","link_basis":"first_harvest_node","language":"python","status":"ran_draft_wrong","verification_level":1,"contract_check":"OUTPUT_MISDECLARED","metamorphic_tier":"deterministic","behaviour_fingerprint":true,"licence":"NONE","inline_ok":false,"mcp_get_code":{"code_sha256":"7e67db619e761b6f"}},{"code_sha256_prefix":"7ee9b1ede3b8c068","entry":"parse_gpt_response_reformat","repo":"the-finai/fino1","repo_kind":"official","path":"CoT_build.py","file_url":"https://github.com/the-finai/fino1/blob/HEAD/CoT_build.py","link_basis":"first_harvest_node","language":"python","status":"ran_draft_wrong","verification_level":1,"contract_check":"OUTPUT_MISDECLARED","metamorphic_tier":"deterministic","behaviour_fingerprint":true,"licence":"NONE","inline_ok":false,"mcp_get_code":{"code_sha256":"7ee9b1ede3b8c068"}}]},"arxiv_metadata":null,"syntology_extracted_results":null}