ALFFLLM·FINANCE

The List / Categories

Surveys and Reviews

Use surveys to map the field before selecting a model or dataset. The list brings together broad finance-LLM surveys and narrower reviews; their coverage windows and definitions can differ substantially.

How to read this literature

  • Start with scope: financial language understanding, market decisions and operational applications are different research questions.
  • Compare the taxonomy and search cutoff of each survey before treating a missing paper as evidence of a gap.
  • Follow survey references to the primary experiments; use individual reading pages for methods, datasets and limitations.

Read a survey first, then move to the benchmarks guide to identify how the claims were tested.

20 research papers

01

Large Language Models in Finance: A Survey

2023 · International Conference on AI in Finance · Yinheng Li; Shaofei Wang; Han Ding; Hang Chen

This survey synthesizes the state-of-the-art in applying large language models to finance, reviewing solution architectures from zero-shot to custom pretraining, proposing a cost-aware decision framework for adoption, and highlighting limitations regarding hallucination and bias.

02

Revolutionizing Finance with LLMs: An Overview of Applications and Insights

2024 · arXiv.org · Huaqin Zhao; Zheng Liu; Zihao Wu; Yiwei Li; Tianze Yang; Peng Shu; Shaochen Xu; Haixing Dai; Lin Zhao; Gengchen Mai; Ninghao Liu; Tianming Liu

This survey reviews the integration of Large Language Models into finance, categorizing applications into engineering, forecasting, risk management, and QA, while empirically evaluating GPT-4's ability to follow instructions across these diverse financial tasks.

03

A Survey of Large Language Models in Finance: FinLLMs

2024 · Neural computing & applications (Print) · Jean Lee; Nicholas Stevens; S. Han; Minseok Song

This survey provides a comprehensive overview of Financial Large Language Models (FinLLMs), comparing their evolution from general-domain models, analyzing training techniques, evaluating performance across six benchmark tasks, and identifying challenges and future directions for the field.

04

A Survey of Large Language Models for Financial Applications: Progress, Prospects and Challenges

2024 · arXiv.org · Yuqi Nie; Yaxuan Kong; Xiaowen Dong; John M. Mulvey; H. Poor; Qingsong Wen; Stefan Zohren

This survey provides a comprehensive review of large language models in finance, categorizing applications into linguistic tasks, sentiment analysis, time series, reasoning, and agent-based modeling, while detailing specific models, datasets, benchmarks, and critical challenges like lookahead bias and data pollution.

05

A Survey on Large Language Models for Critical Societal Domains: Finance, Healthcare, and Law

2024 · Trans. Mach. Learn. Res. · Z. Chen; Jing Ma; Xinlu Zhang; Nan Hao; An Yan; Armineh Nourbakhsh; Xianjun Yang; Julian J. McAuley; L. Petzold; William Yang Wang

This survey provides a comprehensive review of large language models in finance, healthcare, and law, categorizing tasks, models, and ethical challenges to guide future interdisciplinary research in high-stakes domains.

06

A Scoping Review of ChatGPT Research in Accounting and Finance

2024 · International Journal of Accounting Information Systems · Meng Dong; Theophanis C. Stratopoulos; Victor Xiaoqi Wang

This scoping review synthesizes 264 recent papers on ChatGPT and LLMs in accounting and finance, identifying three core themes: domain applications, LLMs as research tools, and professional implications, while providing a framework for future inquiry.

07

Large Language Model Agent in Financial Trading: A Survey

2024 · arXiv.org · Han Ding; Yinheng Li; Junhao Wang; Hang Chen

This survey systematically reviews 27 studies on LLM-powered trading agents, categorizing them into 'LLM as Trader' and 'LLM as Alpha Miner' architectures, analyzing their data inputs, evaluation metrics, and identifying key limitations such as short backtesting periods and lack of cost considerations.

08

A Comprehensive Review of Generative AI in Finance

2024 · FinTech · D. Lee; Chong Guan; Yinghui Yu; Qinxu Ding

This 2024 review systematically analyzes 90 papers on generative AI in finance using BERTopic, identifying three main themes: LLM applications for financial tasks, risks and regulatory challenges, and synthetic data generation via GANs.

11

Large Language Model Agents in Finance: A Survey Bridging Research, Practice, and Real-World Deployment

2025 · Conference on Empirical Methods in Natural Language Processing · Yifei Dong; Fengyi Wu; Kunli Zhang; Yilong Dai; Sanjian Zhang; Wanghao Ye; Sihan Chen; Zhi-Qi Cheng

This survey bridges financial practice and LLM research by proposing a dual-perspective framework that maps five core financial domains to specific agent tasks, catalogs over 30 benchmarks and 20 models, and identifies critical gaps in numerical reasoning, real-time adaptability, and regulatory compliance.

14

Integrating Large Language Models in Financial Investments and Market Analysis: A Survey

2025 · arXiv.org · Sedigheh Mahdavi; Jiating Chen; Pradeep Joshi; L. H. Guativa; Upmanyu Singh

This survey categorizes LLM integration in finance into four frameworks, highlighting that hybrid and agent-based methods significantly outperform baselines in stock prediction and portfolio optimization, though challenges in hallucination and real-time adaptability remain.

16

A Review on Large Language Models and Generative AI in Banking

2025 · International Conference on Finance, Economics, Management and IT Business · D. Staegemann; Christian Haertel; Christian Daase; M. Pohl; Mohammad Abdallah; Klaus Turowski

This structured literature review analyzes 14 recent studies to map the current state, application scenarios, and significant challenges of integrating Large Language Models and Generative AI into core banking operations, highlighting a gap between experimental potential and productive deployment due to regulatory and reliability constraints.

17

Interpretable LLMs for Credit Risk: A Systematic Review and Taxonomy

2025 · Expert systems with applications · Muhammed Golec; Maha AlabdulJalil

This paper presents the first systematic review and taxonomy of LLM-based credit risk assessment, categorizing 60 studies by model architecture, data modality, interpretability mechanisms, and application domains to highlight trends and research gaps.