A survey by the European Commission found that language and cultural barriers can have a significant impact on businesses. Spanish companies reported the highest rate of lost business (19%) due to these barriers, followed by French companies (13%) and German companies (10%). In today’s global economy, financial document translation plays a crucial role in facilitating successful business …
Artificial Intelligence: Shaping the Future of Financial Services
The world of finance is undergoing a profound transformation, thanks to the rapid integration of Artificial Intelligence (AI) technologies. From personalized financial advice to fraud detection and algorithmic trading, AI is reshaping every facet of the financial services sector. According to Autonomous Next research seen by Business Insider Intelligence, the potential cost savings for banks …
EC Innovations Recognized as a Leading Language Services Provider Specializing in Financial Translations
EC Innovations, the world’s leading language services provider, announced today its official ranking as a top language services provider (LSP) specializing in financial translations. Based on data from independent market research firm CSA Research and verified revenues, EC Innovations ranks 11th in the world in financial language services. With an extensive network of linguists, subject …
How Financial Institutions Can Stay Compliant Across Global Markets
Regulatory compliance is undeniably vital in the financial industry, as it ensures that financial institutions operate within legal and ethical boundaries. Noncompliance with regulatory requirements can result in significant legal and financial penalties, as well as reputational harm. A study from Ponemon and Globalscape reports that it is 2.71 times more costly for an organization to …
6 Benefits of Professional Financial Translation Services
In the fast-paced world of finance, where global markets and international transactions dominate, effective communication is the key to success. Financial institutions and multinational corporations face the challenge of bridging language barriers and ensuring an accurate understanding of complex financial concepts across diverse markets. That’s where professional financial translation services come into play, offering a …
6 Ways Financial Companies Can Establish Trust with Clients
Trust is the bedrock of successful relationships, and this principle holds true in the financial industry more than ever. In an era characterized by financial scandals and breaches of trust, establishing and maintaining trust with clients has become a paramount objective for financial companies. The ability to instill trust not only fosters long-term client relationships …
Top 5 Common Mistakes to Avoid in Banking Translation
In the global banking industry, accurate translation plays a vital role in facilitating seamless communication and ensuring the success of international transactions. As banks expand their operations across borders, the need to effectively communicate with clients, regulatory bodies, and stakeholders in different languages becomes increasingly crucial. Accurate banking translation goes beyond merely converting words from …
8 Strategies to Adopt for Successful Annual Report Translations
As more and more companies go global, there is a need to create corporate documents that can penetrate through linguistic barriers and be disseminated to an international audience quickly and effectively. This involves professional translation of critical corporate documents such as a company’s annual report. What is an Annual Report? An Annual Report is a …
EC Innovations Ranked as the 31st Largest Language Service Provider in the World and 8th in Asia-Pacific
The annual rankings result from the language industry’s most comprehensive, large-scale survey of the language services and translation technology market. EC Innovations, a dynamic player in the language services and technology industry, has been named one of the leading providers of language services worldwide by independent market research firm CSA Research. In their 2023 rankings, …
6 Tips for Preparing Your IPO Translation Project
IPO, which stands for initial public offering, is a significant milestone for any company as it marks the transition from a private entity to a public one. According to STOCK ANALYSIS, there have been 5,997 IPOs from 2000 to 2023. The year 2009 saw the lowest number of IPOs during this period, with only 62. …