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Image Credit: Arxiv

Generative AI Enhanced Financial Risk Management Information Retrieval

  • This paper introduces RiskData, a dataset curated for enhancing embedding models in risk management.
  • They also introduce RiskEmbed, a finetuned embedding model designed to improve retrieval accuracy in financial question-answering systems.
  • The dataset is derived from 94 regulatory guidelines published by the Office of the Superintendent of Financial Institutions from 1991 to 2024.
  • Experimental results show that RiskEmbed outperforms general-purpose and financial embedding models, achieving significant improvements in ranking metrics.

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