A Two-Step Optimised BERT-Based NLP Algorithm for Extracting Sentiment from Financial News

Olaniyan, Rapheal; Stamate, Daniel and Pu, Ida. 2021. 'A Two-Step Optimised BERT-Based NLP Algorithm for Extracting Sentiment from Financial News'. In: IFIP International Conference on Artificial Intelligence Applications and Innovations. Hersonissos, Crete, Greece 25–27 June 2021. [Conference or Workshop Item]

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Abstract or Description

Sentiment analysis involving the identification of sentiment polarities from textual data is a very popular area of research. Many research works that have explored and extracted sentiments from textual data such as financial news have been able to do so by employing Bidirectional Encoder Representations from Transformers (BERT) based algorithms in applications with high computational needs, and also by manually labelling sample data with help from financial experts. We propose an approach which makes possible the development of quality Natural Language Processing (NLP) models without the need for high computing power, or for inputs from financial experts on labelling focused dataset for NLP model development. Our approach introduces a two-step optimised BERT-based NLP model for extracting sentiments from financial news. Our work shows that with little effort that involves manually labelling a small but relevant and focused sample data of financial news, one could achieve a high performing and accurate multi-class NLP model on financial news.

Item Type:

Conference or Workshop Item (Paper)

Identification Number (DOI):



Sentiment analysis, Financial news, NLP, Transfer learning, Classification, Two-step optimised BERT

Departments, Centres and Research Units:



18 May 2021Accepted
22 June 2021Published

Event Location:

Hersonissos, Crete, Greece

Date range:

25–27 June 2021

Item ID:


Date Deposited:

25 Feb 2022 15:55

Last Modified:

22 Jun 2022 01:26



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