Tobias Deußer

Lars Hillebrand, Tobias Deußer, Tim Dilmaghani et al.

We present KPI-BERT, a system which employs novel methods of named entity recognition (NER) and relation extraction (RE) to extract and link key performance indicators (KPIs), e.g. "revenue" or "interest expenses", of companies from real-world German financial documents. Specifically, we introduce an end-to-end trainable architecture that is based on Bidirectional Encoder Representations from Transformers (BERT) combining a recurrent neural network (RNN) with conditional label masking to sequentially tag entities before it classifies their relations. Our model also introduces a learnable RNN-based pooling mechanism and incorporates domain expert knowledge by explicitly filtering impossible relations. We achieve a substantially higher prediction performance on a new practical dataset of German financial reports, outperforming several strong baselines including a competing state-of-the-art span-based entity tagging approach.

Tobias Deußer, Syed Musharraf Ali, Lars Hillebrand et al.

We introduce KPI-EDGAR, a novel dataset for Joint Named Entity Recognition and Relation Extraction building on financial reports uploaded to the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, where the main objective is to extract Key Performance Indicators (KPIs) from financial documents and link them to their numerical values and other attributes. We further provide four accompanying baselines for benchmarking potential future research. Additionally, we propose a new way of measuring the success of said extraction process by incorporating a word-level weighting scheme into the conventional F1 score to better model the inherently fuzzy borders of the entity pairs of a relation in this domain.

Lars Hillebrand, Armin Berger, Tobias Deußer et al.

Auditing financial documents is a very tedious and time-consuming process. As of today, it can already be simplified by employing AI-based solutions to recommend relevant text passages from a report for each legal requirement of rigorous accounting standards. However, these methods need to be fine-tuned regularly, and they require abundant annotated data, which is often lacking in industrial environments. Hence, we present ZeroShotALI, a novel recommender system that leverages a state-of-the-art large language model (LLM) in conjunction with a domain-specifically optimized transformer-based text-matching solution. We find that a two-step approach of first retrieving a number of best matching document sections per legal requirement with a custom BERT-based model and second filtering these selections using an LLM yields significant performance improvements over existing approaches.

Tobias Deußer, Lars Hillebrand, Christian Bauckhage et al.

Ever-larger language models with ever-increasing capabilities are by now well-established text processing tools. Alas, information extraction tasks such as named entity recognition are still largely unaffected by this progress as they are primarily based on the previous generation of encoder-only transformer models. Here, we propose a simple yet effective approach, Informed Named Entity Recognition Decoding (iNERD), which treats named entity recognition as a generative process. It leverages the language understanding capabilities of recent generative models in a future-proof manner and employs an informed decoding scheme incorporating the restricted nature of information extraction into open-ended text generation, improving performance and eliminating any risk of hallucinations. We coarse-tune our model on a merged named entity corpus to strengthen its performance, evaluate five generative language models on eight named entity recognition datasets, and achieve remarkable results, especially in an environment with an unknown entity class set, demonstrating the adaptability of the approach.

Lars Hillebrand, Tobias Deußer, Tim Dilmaghani et al.

We introduce KPI-Check, a novel system that automatically identifies and cross-checks semantically equivalent key performance indicators (KPIs), e.g. "revenue" or "total costs", in real-world German financial reports. It combines a financial named entity and relation extraction module with a BERT-based filtering and text pair classification component to extract KPIs from unstructured sentences before linking them to synonymous occurrences in the balance sheet and profit & loss statement. The tool achieves a high matching performance of $73.00$% micro F$_1$ on a hold out test set and is currently being deployed for a globally operating major auditing firm to assist the auditing procedure of financial statements.

Tobias Deußer, Cong Zhao, Wolfgang Krämer et al.

During the pre-training step of natural language models, the main objective is to learn a general representation of the pre-training dataset, usually requiring large amounts of textual data to capture the complexity and diversity of natural language. Contrasting this, in most cases, the size of the data available to solve the specific downstream task is often dwarfed by the aforementioned pre-training dataset, especially in domains where data is scarce. We introduce controlled randomness, i.e. noise, into the training process to improve fine-tuning language models and explore the performance of targeted noise in addition to the parameters of these models. We find that adding such noise can improve the performance in our two downstream tasks of joint named entity recognition and relation extraction and text summarization.

Maren Pielka, Felix Rode, Lisa Pucknat et al.

We analyze two Natural Language Inference data sets with respect to their linguistic features. The goal is to identify those syntactic and semantic properties that are particularly hard to comprehend for a machine learning model. To this end, we also investigate the differences between a crowd-sourced, machine-translated data set (SNLI) and a collection of text pairs from internet sources. Our main findings are, that the model has difficulty recognizing the semantic importance of prepositions and verbs, emphasizing the importance of linguistically aware pre-training tasks. Furthermore, it often does not comprehend antonyms and homonyms, especially if those are depending on the context. Incomplete sentences are another problem, as well as longer paragraphs and rare words or phrases. The study shows that automated language understanding requires a more informed approach, utilizing as much external knowledge as possible throughout the training process.

Armin Berger, Lars Hillebrand, David Leonhard et al.

The auditing of financial documents, historically a labor-intensive process, stands on the precipice of transformation. AI-driven solutions have made inroads into streamlining this process by recommending pertinent text passages from financial reports to align with the legal requirements of accounting standards. However, a glaring limitation remains: these systems commonly fall short in verifying if the recommended excerpts indeed comply with the specific legal mandates. Hence, in this paper, we probe the efficiency of publicly available Large Language Models (LLMs) in the realm of regulatory compliance across different model configurations. We place particular emphasis on comparing cutting-edge open-source LLMs, such as Llama-2, with their proprietary counterparts like OpenAI's GPT models. This comparative analysis leverages two custom datasets provided by our partner PricewaterhouseCoopers (PwC) Germany. We find that the open-source Llama-2 70 billion model demonstrates outstanding performance in detecting non-compliance or true negative occurrences, beating all their proprietary counterparts. Nevertheless, proprietary models such as GPT-4 perform the best in a broad variety of scenarios, particularly in non-English contexts.

Tobias Deußer, Lorenz Sparrenberg, Armin Berger et al.

The proliferation of textual data containing sensitive personal information across various domains requires robust anonymization techniques to protect privacy and comply with regulations, while preserving data usability for diverse and crucial downstream tasks. This survey provides a comprehensive overview of current trends and recent advances in text anonymization techniques. We begin by discussing foundational approaches, primarily centered on Named Entity Recognition, before examining the transformative impact of Large Language Models, detailing their dual role as sophisticated anonymizers and potent de-anonymization threats. The survey further explores domain-specific challenges and tailored solutions in critical sectors such as healthcare, law, finance, and education. We investigate advanced methodologies incorporating formal privacy models and risk-aware frameworks, and address the specialized subfield of authorship anonymization. Additionally, we review evaluation frameworks, comprehensive metrics, benchmarks, and practical toolkits for real-world deployment of anonymization solutions. This review consolidates current knowledge, identifies emerging trends and persistent challenges, including the evolving privacy-utility trade-off, the need to address quasi-identifiers, and the implications of LLM capabilities, and aims to guide future research directions for both academics and practitioners in this field.

Lars Hillebrand, Maren Pielka, David Leonhard et al.

We present sustainAI, an intelligent, context-aware recommender system that assists auditors and financial investors as well as the general public to efficiently analyze companies' sustainability reports. The tool leverages an end-to-end trainable architecture that couples a BERT-based encoding module with a multi-label classification head to match relevant text passages from sustainability reports to their respective law regulations from the Global Reporting Initiative (GRI) standards. We evaluate our model on two novel German sustainability reporting data sets and consistently achieve a significantly higher recommendation performance compared to multiple strong baselines. Furthermore, sustainAI is publicly available for everyone at https://sustain.ki.nrw/.