Financial Numeric Extreme Labelling: A dataset and benchmarking

Soumya Sharma, Subhendu Khatuya, Manjunath Hegde, Afreen Shaikh, Koustuv Dasgupta, Pawan Goyal, Niloy Ganguly

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Session 4: NLP Applications (Virtual Poster)
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Conference Time: July 11, 11:00-12:30 (EDT) (America/Toronto)
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Keywords: financial/business nlp
TLDR: The U.S. Securities and Exchange Commission (SEC) mandates all public companies to file periodic financial statements that should contain numerals annotated with a particular label from a taxonomy. In this paper, we formulate the task of automating the assignment of a label to a particular numeral s...
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Abstract: The U.S. Securities and Exchange Commission (SEC) mandates all public companies to file periodic financial statements that should contain numerals annotated with a particular label from a taxonomy. In this paper, we formulate the task of automating the assignment of a label to a particular numeral span in a sentence from an extremely large label set. Towards this task, we release a dataset, Financial Numeric Extreme Labelling (FNXL), annotated with 2,794 labels. We benchmark the performance of the FNXL dataset by formulating the task as (a) a sequence labelling problem and (b) a pipeline with span extraction followed by Extreme Classification. Although the two approaches perform comparably, the pipeline solution provides a slight edge for the least frequent labels.