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[2602.05794] FiMI: A Domain-Specific Language Model for Indian Finance Ecosystem
Summary
FiMI is a domain-specific language model tailored for the Indian finance ecosystem, enhancing digital payment systems with improved performance in finance reasoning and tool-calling tasks.
Why It Matters
As digital payments continue to grow in India, specialized AI models like FiMI can significantly enhance user interactions and operational efficiencies in financial services. This development showcases the importance of localized AI solutions in addressing specific industry needs.
Key Takeaways
- FiMI is developed by NPCI to support India's digital payment systems.
- The model shows a 20% improvement in finance reasoning benchmarks over existing models.
- FiMI Instruct outperforms its predecessor by 87% in domain-specific tool-calling.
- The training involved 68 billion tokens of multilingual financial data.
- FiMI maintains competitive performance on general benchmarks while excelling in finance-specific tasks.
Computer Science > Artificial Intelligence arXiv:2602.05794 (cs) [Submitted on 5 Feb 2026 (v1), last revised 13 Feb 2026 (this version, v2)] Title:FiMI: A Domain-Specific Language Model for Indian Finance Ecosystem Authors:Aboli Kathar, Aman Kumar, Anusha Kamath, Araveeti Srujan, Ashish Sharma, Chandra Bhushan, Divya Sorate, Duddu Prasanth Kumar, Evan Acharya, Harsh Sharma, Hrithik Kadam, Kanishk Singla, Keyur Doshi, Kiran Praveen, Kolisetty Krishna SK, Krishanu Adhikary, Lokesh MPT, Mayurdeep Sonowal, Nadeem Shaikh, Navya Prakash, Nimit Kothari, Nitin Kukreja, Prashant Devadiga, Rakesh Paul, Ratanjeet Pratap Chauhan, Raunak Kalani, Raviraj Joshi, Shamanth MH, Shantanu Pandey, Shubham Soni, Siddharth Dixit, Smriti Jopat, Sunil Patel, Suraj Singh, Suvradip Paul, Tulasi Pilla, Utkarsh Vaidya, Vineeth Nambiar, Vishal Kanvaty, Yatharth Dedhia View a PDF of the paper titled FiMI: A Domain-Specific Language Model for Indian Finance Ecosystem, by Aboli Kathar and 39 other authors View PDF HTML (experimental) Abstract:We present FiMI (Finance Model for India), a domain-specialized financial language model developed by National Payments Corporation of India (NPCI) for Indian digital payment systems. We develop two model variants: FiMI Base and FiMI Instruct. FiMI adapts the Mistral Small 24B architecture through a multi-stage training pipeline, beginning with continuous pre-training on 68 Billion tokens of curated financial, multilingual (English, Hindi, Hinglish), and synthetic da...