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Multimodal Financial Foundation Models (MFFMs): Progress, Prospects, and Challenges πŸ”₯πŸ”₯πŸ”₯

A Survey on Multimodal Financial Foundation Models

MFFM Framework

πŸ“° News

πŸ“’ Update (Date: 03-01-2025) πŸš€ We released MFFMs Documentation

πŸ“’ Update (Date: 11-15-2024) πŸš€ We host the 1st International Workshop on Multimodal Financial Foundation Models (MFFMs) @ ICAIF'24 Workshop Page

πŸ“– Table of contents

Awesome Papers

Multimodal Financial Data

Data-Centric Approach for Multimodal Financial Data

Earnings Conference Calls

[4] What You Say and How You Say It Matters: Predicting Financial Risk Using Verbal and Vocal Cues ACL 2019. Data

[3] HTML: Hierarchical Transformer-based Multi-task Learning for Volatility Prediction, WWW 2020. Code.

[2] MAEC: A Multimodal Aligned Earnings Conference Call Dataset for Financial Risk Prediction, CIKM 2020. Data

[1] ECC Analyzer: Extracting Trading Signal from Earnings Conference Calls using Large Language Model for Stock Volatility Prediction, ICAIF 2024.

Monetary Policy Conference

[2] MONOPOLY: Financial Prediction from MONetary POLicY Conference Videos Using Multimodal Cues, Multimedia 2022. Code

[1] Modal-adaptive Knowledge-enhanced Graph-based Financial Prediction from Monetary Policy Conference Calls with LLM, FinNLP Workshop 2024. Code

Financial Reports

[2] Attentive statement fraud detection: Distinguishing multimodal financial data with fine-grained attention, Decision Support System 2023.

[1] XBRL-Agent: Leveraging large language models for financial report analysis, ICAIF 2024. Code

Financial News

[1] Analyzing Cascading Outbreak of GameStop Event: A Practical Approach Using Network Analysis and Large Language Models, ICAIF 2024.

Market Data

[2] FinRL: A deep reinforcement learning library for automated stock trading in quantitative finance, Deep Reinforcement Learning Workshop @ NeurIPS 2020. Code

[1]FinRL-Meta: Market Environments and Benchmarks for Data-Driven Financial Reinforcement Learning, NeurIPS 2022. Code

Climate Data for Commodity Trading

...

Financial Curriculum and Certificates

[1] High-Quality Financial Benchmark (QFinBen): Can LLMs Earn Degrees and Certificates?, Multimodal Financial Foundation Models Workshop @ ICAIF 2024.

Multimodal Financial Applications

Multimodal Financial Applications: MFFM-powered Agentic AI Ecosystem

AI search

[2] Enhancing Financial Sentiment Analysis via Retrieval Augmented Large Language Models, ICAIF 2023.

[1] Customized fingpt search agents using foundation models, ICAIF 2024. Code

AI tutor

[1] High-Quality Financial Benchmark (QFinBen): Can LLMs Earn Degrees and Certificates?, Multimodal Financial Foundation Models Workshop @ ICAIF 2024.

Financial services

Auditing

Report generation

Robo-advisor

AI compliance

[1] A Report on Financial Regulations Challenge at COLING 2025

Trading

[2] FinMem: A performance-enhanced LLM trading agent with layered memory and character design, LLM-Agent Workshop @ ICLR 2024. Code

[1] FINCON: A Synthesized LLM Multi-Agent System with Conceptual Verbal Reinforcement for Enhanced Financial Decision Making, NeurIPS 2024. Code

Multimodal Financial Foundation Models

[3] Open-FinLLMs: Open Multimodal Large Language Models for Financial Applications

[2] FinTral: A Family of GPT-4 Level Multimodal Financial Large Language Model

[1] FinVis-GPT: A multimodal large language model for financial chart analysis.

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