Golden Touchstone: A Comprehensive Bilingual Benchmark for Evaluating Financial Large Language Models

ACL ARR 2024 December Submission775 Authors

Abstract: As large language models (LLMs) increasingly permeate the financial sector, there is a pressing need for a standardized method to comprehensively assess their performance. Existing financial benchmarks often suffer from limited language and task coverage, low-quality datasets, and inadequate adaptability for LLM evaluation. To address these limitations, we introduce Golden Touchstone, the first comprehensive bilingual benchmark for financial LLMs, encompassing eight core financial NLP tasks in both Chinese and English. Developed from extensive open-source data collection and industry-specific demands, this benchmark thoroughly assesses models' language understanding and generation capabilities. Through comparative analysis of major models such as GPT-4o, Llama3, FinGPT, and FinMA, we reveal their strengths and limitations in processing complex financial information. Additionally, we open-source Touchstone-GPT, a financial LLM trained through continual pre-training and instruction tuning, which demonstrates strong performance on the bilingual benchmark but still has limitations in specific tasks. This research provides a practical evaluation tool for financial LLMs and guides future development and optimization.

Paper Type: Long

Research Area: NLP Applications

Research Area Keywords: financial/business NLP

Contribution Types: NLP engineering experiment, Publicly available software and/or pre-trained models, Data resources

Languages Studied: English, Chinese

Submission Number: 775