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NLP in Finance: Realities, Challenges, and Possibilities

In this talk, Oana Frunza will go over a selection of high-level financial applications where NLP solutions facilitate increased efficiencies and generate competitive advantages.

Then, she will go into detail on an information extraction application that uses Federal Open Market Committee (FOMC) statements.

The methodology can identify, extract, and assign sentiment scores to important economic factors e.g. unemployment, economic activity, etc. that are mentioned in the statements.