This paper describes our system developed for the sub-task 1 of the FinCausal shared task in the FNP-FNS workshop held in conjunction with COLING-2020. The system classifies whether a financial news text segment contains causality or not. To address this task, we fine-tune and ensemble the generic and domain-specific BERT language models pre-trained on financial text corpora. The task data is highly imbalanced with the majority non-causal class; therefore, we train the models using strategies such as under-sampling, cost-sensitive learning, and data augmentation. Our best system achieves a weighted F1-score of 96.98 securing 4th position on the evaluation leaderboard. The code is available at https://github.com/sarthakTUM/fincausal

A major challenge in modern neural networks is the utilization of previous knowledge for new tasks in an effective manner, otherwise known as transfer learning. Fine-tuning, the most widely used method for achieving this, suffers from catastrophic forgetting. The problem is often exacerbated in natural language processing (NLP). In this work, we assess progressive neural networks (PNNs) as an alternative to fine-tuning. The evaluation is based on common NLP tasks such as sequence labeling and text classification. By gauging PNNs across a range of architectures, datasets, and tasks, we observe improvements over the baselines throughout all experiments.