ChatGPT: Unlocking the future of NLP in finance

Adam Zaremba (1) Ender Demir (2)
(1) Poznan University of Economics and Business, Poland
(2) Reykjavik University, Iceland


This paper reviews the current state of ChatGPT technology in finance and its potential to improve existing NLP-based financial applications. We discuss the ethical and regulatory considerations, as well as potential future research directions in the field. The literature suggests that ChatGPT has the potential to improve NLP-based financial applications, but also raises ethical and regulatory concerns that need to be addressed. The paper highlights the need for research in robustness, interpretability, and ethical considerations to ensure responsible use of ChatGPT technology in finance.

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Adam Zaremba (Primary Contact)
Ender Demir
Author Biographies

Adam Zaremba, Poznan University of Economics and Business

Adam Zaremba is Associate Professor of Finance at Montpellier Business School (France) and Poznan University of Economics and Business (Poland).

Ender Demir, Reykjavik University

Ender Demir is Associate Professor at Reykjavik University.

Zaremba, A., & Demir, E. (2023). ChatGPT: Unlocking the future of NLP in finance. Modern Finance, 1(1), 93–98.

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