TOP 6 TIPS TO CHOOSE THE BEST FINANCIAL TRANSLATION AGENCY
Do you want to seek a professional financial translation agency for your next projects? If you nod your head, then you have come to the right location. In today’s post, we will guide you through all the key steps you need to do to search for a high-quality and professional financial translation agency.Get more news about financial translation agency,you can vist our website!
Financial translation is a complex sector that requires both deep financial knowledge and expert language ability. Thus, when choosing a financial translation agency, it is crucial to get your files translated by native translators who have subject-matter expertise in the field.
Native translators in the target language have an outstanding understanding of the target language, number format, local rules, etc. Thus, they can give better translation quality in comparison to non-native translators. With financial background knowledge, linguists can understand the source file clearly which contains specific information, terms, and complex language. Translators who don’t have any financial backgrounds cannot deal with financial translation projects effectively.
Financial translation and localization errors don’t only ruin the credibility of the institution, but can also invite penalties and legal issues for financial businesses. Even professional economists end up focusing on a narrow niche, so they can lack the latest knowledge in a lot of other industries. For instance, linguists specializing in foreign trade may have a challenging time translating tax reports and income statements since each specific area will have its unique terms and terminologies. Having financial experts in financial translations ensures the term and terminology are used accurately in the target language.
Terminology must also adhere to the International Financial Reporting Standards (IFRS). All financial translations are considered to be official versions, only financial linguists can acknowledge and follow all the latest IFRS modifications.
A comprehensive financial translation agency often hires financial experts for its financial translation projects, leading to your communication will be well received by the target markets. To make sure that you are working with skilled native financial linguists, it is needed to carefully review their CVs and portfolios. Even if you choose to work with a financial translation agency, you need to ask for blind CVs from the linguist who will translate and localize your financial translation and localization projects. (Financial translation agencies cannot disclose the personal details of their linguists such as name, phone number, email address, social media sites, etc. to protect the benefits of both translation agencies and their linguists. However, essential details about their education and work experience are still listed.)