FinRAG-QA is a new benchmark dataset for financial question answering, featuring 999 practitioner-curated questions on 10 standardised indicators drawn from 209 annual and Pillar 3 reports of 24 major European and U.S. banks between 2019 and 2023. The dataset focuses on cross‑institutional retrieval over documents averaging 198k words, making it longer than any existing financial QA resource. Experiments on a multi‑stage Retrieval‑Augmented Generation pipeline show that contextual chunk enrichment and a retrieval‑optimised embedding model significantly improve NDCG@10, while a reasoning‑optimised generator boosts answer accuracy from 44.6% to 79.0% when the correct document is retrieved.
By Arianna Miola, Bruno Spaccavento, Lorenzo Silotto, Marco Bianchetti, Luca Cagliero
AgenticFinBench is a new benchmark comprising 230 real‑world financial tasks across eight categories, two languages, and four complexity levels, designed to capture the breadth and open‑ended nature of financial AI work. It introduces a reference‑free evaluation framework that uses question‑specific rubrics and a two‑stage claim audit to detect hallucinations, aligning assessment more closely with real‑world financial practice. Experiments on 18 agent configurations show that ignoring hallucinations inflates performance, that harness differences drive evidence grounding more than model differences, and that task complexity reduces quality scores, highlighting challenges in explaining financial impacts and comparing data consistently.
By Shu Zhou, Ziyang He, Yuxin Rao, Yudong Fang, Jiali Qian, Dongyuan Chen, Juntao Zhang, Yong Hu
arXiv:2605. 05409v2 Announce Type: replace Abstract: Financial document question answering (QA) demands complex multi-step numerical reasoning over heterogeneous evidence--structured tables, textual narratives, and footnotes--scattered across corporate filings.
By Yang Shu, Yingmin Liu, Zequn Xie
FINCOSMOS is an open‑world evaluation framework for financial language agents that tests their ability to acquire data from the Web, construct backtests within a data‑cutoff, and deliver verifiable results without any pre‑provided data or reference answers. In the benchmark, a simulated user hides a strategy and only reveals it upon request; agents must build their own backtests and pass 15 veto checks to be accepted. Across 150 sessions with four coding agents and a tool‑less model, no session was accepted, highlighting widespread failures and revealing that 88.33% of failures were attributed to the agents themselves.
By Yupeng Cao, Xueqing Peng, Lingfei Qian, Haohang Li, Yangyang Yu, Anke Xu, Wenbo Cao, Yan Wang, Yuechen Jiang, Yuyan Wang, Zhuohan Xie, Yankai Chen, Zehan Li, Jimin Huang, Xue Liu, Jian-Yun Nie, Sophia Ananiadou
arXiv:2609.25192v1 Announce Type: new
Abstract: Financial search is a highly demanding task for LLM agents, requiring not only a correct final answer but also temporally valid information retrieval,...
By Wenqing Wang, Haitao Xiang, Xinyi Zhao, Mingming Yin, Ying Zhong, Zhaoxin Huan, Qiheng Zhou, Jin Zhu, Xiaolu Zhang, Shi Chang, Jun Zhou
arXiv:2607. 27853v2 Announce Type: replace-cross Abstract: Powered by advances in LLMs and autonomous agents, deep research has become one of the most widely adopted agentic products.
By Yijia Xiao, Rujun Han, Yanfei Chen, Zifeng Wang, Ke Jiang, Zhongying CuiZhu, Vishy Tirumalashetty, Wei Wang, Burak Gokturk, Tomas Pfister, Chen-Yu Lee
arXiv:2603. 19225v3 Announce Type: replace-cross Abstract: Real-world financial decision-making is a challenging problem that requires reasoning over heterogeneous signals, including company fundamentals derived from regulatory filings and trading signals computed from price dynamics.
By Yogesh Agrawal, Aniruddha Dutta, Md Mahadi Hasan, Santu Karmaker, Aritra Dutta
The paper introduces ingest‑time fact compilation, an architecture that preprocesses and compiles corpus data into self‑contained facts with resolved revisions, deletions, and source trust. By storing this compiled state, query‑time models can retrieve answers directly, avoiding costly reconstruction from raw passages. Experiments show that this approach reduces read cost per question by 12.89× and token usage by 21.6× while maintaining accuracy.
By Kyle Wild, Yusuke Takahashi, Asako Uraki
The paper introduces FABench, a scalable backtesting environment designed to evaluate forecasting agents. FABench automatically discovers events, generates questions, and resolves outcomes for any past forecast date, allowing continuous renewal beyond model training cutoffs. In initial tests, retrieval improves Brier scores across eight models, with top agents matching or surpassing market consensus on 54 Polymarket-linked questions, yet analysis shows persistent evidence‑weighting failures that highlight room for improvement.
By Yuxuan Wang, Yishu Wang, Jiaqi Deng
Finance Agent v2 (by Vals AI) has emerged as the reference benchmark for evaluating both Anthropic Claude and OpenAI ChatGPT frontier language models on financial tasks. However, it narrowly deals with periodic reporting from publicly traded companies (SEC 10-K and 10-Q filings), and its agentic harness relies on naive, unenriched chunk retrieval.
arXiv:2610.18092v1 Announce Type: new
Abstract: Deep research (DR) agents address open-ended information needs through multi-step reasoning, long-horizon web search, and evidence synthesis. However,...
By Yibo Wang, Senjie Jin, Yansong Ning, Xinbing Liang, Haotian Luo, Jiazheng Zhang, Yuxuan He, Will Wu, Clarenceai
Clarify-Then-Search is a benchmark that tests whether large language models can ask clarification questions to improve the usefulness of deep search results. It uses 518 real-world query pairs from Baidu, where each intent query is paired with an underspecified version. The evaluation involves a clarifier asking up to three questions, a user answerer providing only explicit information, and a rewriter generating a new query that is then searched; performance is measured by a weighted nugget-recall score.
By Deqiang Huang, Jingbo Zhou, Xinjiang Lu, Tong Xu, Hua Wu, Enhong Chen