FinCriticalED: A Visual Benchmark for Financial Fact-Level OCR

arXiv:2511.14998v3 Announce Type: replace Abstract: Recent progress in multimodal large language models (MLLMs) has substantially improved document understanding, yet strong optical character recognition (OCR) performance on surface metrics does not guarantee faithful preservation of decision-critical evidence. This limitation is especially consequential in financial documents, where small visual errors can induce discrete shifts in meaning. To study this gap, we introduce FinCriticalED (Financial Critical Error Detection), a fact-centric visual benchmark for evaluating whether OCR and vision-language systems preserve financially critical evidence beyond lexical similarity. FinCriticalED contains 859 real-world financial document pages with 9,481 expert-annotated facts spanning five critical field types: numeric, temporal, monetary unit, reporting entity, and financial concept. We formulate the task as structured OCR with fact-level verification, and develop a Deterministic-Rule-Guided LLM-as-Judge protocol to assess whether model outputs preserve annotated facts in context. We benchmark 13 systems spanning OCR pipelines, specialized OCR VLMs, open-source MLLMs, and proprietary MLLMs. Results reveal a clear gap between lexical accuracy and factual reliability, with numerical values and monetary units emerging as the most vulnerable fact types, and critical errors concentrating in visually complex, mixed-layout documents with distinct failure patterns across model families. Overall, FinCriticalED provides a rigorous benchmark for trustworthy financial OCR and a practical testbed for evidence fidelity in high-stakes multimodal document understanding. Benchmark and dataset details available at https://the-finai.github.io/FinCriticalED/