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README.md
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---
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license: cc-by-nc-4.0
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language: en
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base_model: bert-base-uncased
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tags:
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- finance
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- named-entity-recognition
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- token-classification
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- financial-news
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- bert
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datasets:
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- gtfintechlab/finer-ord-bio
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metrics:
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- f1
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- precision
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- recall
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pipeline_tag: token-classification
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---
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# FinSight NER — Financial Named Entity Recognition
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A financial-domain NER model fine-tuned from `bert-base-uncased` on the
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[FiNER-ORD](https://huggingface.co/datasets/gtfintechlab/finer-ord-bio)
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dataset (Shah et al., 2024), a manually-annotated corpus of financial
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news articles.
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Recognizes three entity types in BIO format:
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- **PER** — persons (executives, board members, individuals mentioned in news)
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- **ORG** — organizations (companies, banks, regulatory bodies, agencies)
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- **LOC** — locations (cities, states, countries, regions)
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Part of the [FinSight](https://github.com/tmuskan/finsight) project.
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## Performance (test split, entity-level)
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Micro-averaged across all entity types:
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| metric | value |
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|--------|-------|
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| precision | 0.7876 |
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| recall | 0.8464 |
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| f1 | 0.8159 |
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Per-class breakdown:
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type precision recall f1 support
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----------------------------------------------------
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LOC 0.7896 0.8633 0.8248 300
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ORG 0.7222 0.7993 0.7588 553
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PER 0.9261 0.9196 0.9228 286
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----------------------------------------------------
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micro 0.7876 0.8464 0.8159
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## Training Setup
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| Setting | Value |
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|--------|-------|
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| Base model | `bert-base-uncased` |
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| Dataset | `gtfintechlab/finer-ord-bio` |
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| Train / Val / Test | 3,261 / 402 / 1,075 sentences |
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| Epochs | 4 |
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| Batch size | 16 |
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| Learning rate | 3e-5 (linear warmup over 10% of steps) |
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| Weight decay | 0.01 |
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| Max sequence length | 192 |
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| Optimizer | AdamW (default) |
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| Mixed precision | fp16 |
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| Seed | 42 |
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| Hardware | NVIDIA Tesla T4 (Kaggle) |
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| Training runtime | ~2.5 minutes |
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## Label mapping
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| ID | Label |
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|----|-------|
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| 0 | O |
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| 1 | B-PER |
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| 2 | I-PER |
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| 3 | B-LOC |
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| 4 | I-LOC |
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| 5 | B-ORG |
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| 6 | I-ORG |
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## Usage
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```python
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from transformers import pipeline
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ner = pipeline(
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"token-classification",
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model="musk1209/finsight-ner",
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aggregation_strategy="simple",
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)
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ner("Jamie Dimon, CEO of JPMorgan Chase, addressed shareholders in London.")
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# [{'entity_group': 'PER', 'word': 'jamie dimon', 'score': 0.99, ...},
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# {'entity_group': 'ORG', 'word': 'jpmorgan chase', 'score': 1.00, ...},
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# {'entity_group': 'LOC', 'word': 'london', 'score': 0.99, ...}]
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```
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## Scope and limitations
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- **Domain**: Trained on Bloomberg-style financial news from 2015. Generalizes
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well to modern news-style prose (including SEC filings' narrative sections)
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but is not tuned for structured legal or contract language.
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- **Coverage**: Only 3 entity types. Money amounts, percentages, and dates are
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intentionally not covered — those are better handled by regex given their
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rigid patterns in financial text.
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- **Text style**: Best on well-formed sentences with proper capitalization.
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All-caps headlines or lowercased text may underperform.
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## Custom evaluation code
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The `seqeval` library (the standard NER metric library) has a broken
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`pyproject.toml` that prevents installation on Python 3.12. This model was
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evaluated using a custom entity-level scorer with strict-match semantics;
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see [`src/fine_tuning/ner_metrics.py`](https://github.com/tmuskan/finsight/blob/main/src/fine_tuning/ner_metrics.py)
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in the project repo.
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## Citation
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@article{shah2024finerord,
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title = {FiNER-ORD: Financial Named Entity Recognition Open Research Dataset},
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author = {Shah, Agam and Gullapalli, Abhinav and Vithani, Ruchit and Galarnyk, Michael and Chava, Sudheer},
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journal = {arXiv preprint arXiv:2302.11157},
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year = {2024}
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}
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