FinQ Bot: The Next-Gen Financial Intelligence
To create an intelligent document processing model that doesn’t just read data but understands and interprets it in the context of financial analysis, FinQ Bot leverages the capabilities of ChatGPT, integrating it with a sophisticated understanding of financial documents like 10-K filings, income statements, cash flow statements, and key financial indicators.
By integrating ChatGPT’s natural language processing capabilities with structured financial reports, I’ve created a system capable of extracting insights, providing analytics, and answering queries in real time. At its core, this AI Bot serves a dual purpose: acting as both a data analyst and a financial analyst.
Contents: Section 1 - Overview (I) What is FinQ Bot? (II) Why FinQ Bot and why it matters? (III) How Does It Work? (IV) Key Features Section 2- The Process Step 1: Sign-Up Process To begin. Step 2: Generating a New Custom GPT Step 3: Enter Essential Details Step 4: Provide Comprehensive Instructions. Step 5: Test it in the sandbox! Step 6: Refine to Perfection! Step 7: Personalize Your Custom GPT (i) Basic Settings (ii) Advanced Settings Section 3- The Walkthrough - FinQ Bot (Capabilities) Part 1: Files Used - S&P 500 Data & 10K Reports Part 2: Prompts in action. (i) Build Visualizations (Reporting) (ii) Simplify Text Summarization (Natural Language Processing) Section 4 - Future Integrations (I) Join Me on This Journey! (II) Potential Applications
Interacting with this AI-powered tool you can unlock a wealth of insights to fuel your success in the dynamic world of finance. Whether you’re a seasoned investor, a corporate executive, or a financial enthusiast, this intelligent document-processing model is here to empower you on your journey to financial excellence.
(I) What is FinQ Bot?
FinQ Bot is a custom-built ChatGPT-powered bot tailored for financial analysis. It leverages the vast capabilities of Large Language Models (LLMs) to digest and interpret financial documents such as 10-K filings, income statements, cash flow statements, and vital financial indicators like P/E Ratios. My vision was to craft an intelligent document processing model that acts not only as a repository of data but as a smart analyst capable of providing actionable insights and analytics.
(II) Why FinQ Bot and why it matters?
💡 In the fast-paced world of finance, the ability to quickly analyze and understand financial documents can be a game-changer. FinQ Bot is designed to serve as your personal Data Analyst and Financial Analyst, equipped to navigate through heaps of data to deliver concise, relevant insights based on your prompts. Whether you’re evaluating a company’s financial health, benchmarking competitors, or looking for investment insights, FinQ Bot is your go-to resource.
(III) How Does It Work?
(IV) Key Features
You must join ChatGPT Plus, which is available for $20 each month. This membership grants you:
Sign up and start your subscription at ChatGPT’s website.
Navigate to your dashboard at chat.openai.com and select the “explore” option.
Click on “+ Create” Button
You’ll be navigated to the “GPT Builder” area. Here, you’re required to input the following information:
Following a series of inquiries regarding this instrument prompts you to refine this GPT further. It continues to pose questions until it gathers sufficient details to initiate the agent.
For instance, should I aim to develop a specialized chatGPT designed to perform data and financial analysis, this is how the GPT Builder would query me:
Once it’s adequately informed about the task, you can experiment with it in the panel on the right.
You have the flexibility to refine this GPT to suit your requirements. Engage with the “builder” option in the left panel. Here, you can pose queries or provide directives.
Utilize the “configure” tab at the top, you’ll discover various settings you can tweak.
(i) Basic Settings: Profile picture, Name, Description, Instructions
Keep in mind that the display photo, username, and bio will be the first things you or others see upon beginning to use this GPT.
(ii) Advanced Settings:
Naturally, the following features are available to you right off the bat.
⦿ Surfing the internet using the Bing browser
⦿ Creating images using Dall-E 3
⦿ Coding capabilities, both reading and writing
Should any of these features not be necessary for you, feel free to deselect them according to your preferences.
Now, Let's get our hands dirty and test the waters!
Part 1 — Files Used:
1. S&P 500 Dataset
File Name: S&P500.csv
Description: This dataset contains financial indicators for all companies listed on the S&P 500 index. Structured in a tabular format, each row represents a company, while columns include various financial metrics such as revenue, profit, assets, liabilities, market capitalization, P/E ratio, and more.
2. 10-K Reports
File Names:
Description: These files represent the annual 10-K reports filed by four major companies — Apple, Meta (formerly Facebook), Microsoft, and Amazon — for the years 2021, 2022, and 2023. A 10-K report provides a comprehensive overview of a company’s financial performance, risks, opportunities, and future outlook, as mandated by the U.S. Securities and Exchange Commission (SEC).
Part 2— Prompts in action:
(i) Build Visualizations (Reporting)
Prompt 1
Prompt 2
(ii) Simplify Text Summarization (Natural Language Processing)
Prompt 3
(I) Join Me on This Journey!
We’re at the beginning of a transformative era in financial analysis, and I invite you to be a part of it. Whether you’re a finance professional seeking to augment your analysis process, a data scientist curious about the intersection of AI and finance, or someone passionate about leveraging technology to make informed decisions, FinQ Bot is here to change the way you think about financial data.
In a quest to showcase the boundless potential of custom Chat-GPT bots, I will continuously expand the capabilities of this prototype, FinQ Bot. Here’s a glimpse into what the possibilities are in the store:
(II) Potential Applications
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Tihomir Čuljak
