FFinancial Translation

Financial translation services are a staple in the world of fintech. Silicon Valley has some of the world’s most recognizable fintechs. Statistics indicate that the United States has more than 10,500 financial technology firms.

Many of these firms are startups and while many see fintech as an institutional industry more and more fintechs are working with consumers as well. This means information must be made available to individuals in their language of mastery.

Translation services are proving to be quite effective at enabling fintechs to enjoy unprecedented growth. A report by Silicon Valley Bank (SVB) shows investments in fintechs in 2021 will surpass the figure of $166 billion set in 2020.

When you factor in that many of these fintech startups are the products of people with Chinese, Vietnamese, Spanish, and Russian origins, it becomes clear why financial translation would be such a highly valued skill.

The fact that fintechs, through their apps, are making it easier for customers to not only invest but also enjoy banking services means that their products will continue attracting increased demand.

With the demand for their services building up to historical levels, more customers would also want to understand how the fintech products operate. Consequently, this then creates the need for professional and expert financial translation services.

Trust or lack thereof is behind the need for better translation of fintech services. Customers want to read about fintech products and solutions in languages they understand better.

Financial translation is all about speaking the end user’s language. Localization is an important ally in the toolbox that fintechs need to use to earn their customers’ trust. Without it, trust can be lost.

For an industry that could grow by hundreds of billions in 2022 and beyond, lack of trust could derail all that optimism. SVT seeks to bridge the knowledge gap and make fintech products more attractive to end users.

Financial translations improve transparency towards the marketplace. Through localization, firms operating in the financial technology space will communicate the following better:

• a)Compliance to regulatory framework
• b)Demographics they want to reach out to
• c)Payment options

To achieve this and more, financial firms seek out language service provider (LSP) to help them with translation. SVT is one of the best LSPs in Silicon Valley. It has a combination of powerful localization platform, tool, and translation management system (TMS) to help.

Therefore, feel free to contact us today for more details on our financial translation services for your fintech. Our translation solutions could be the difference that makes your product or solution to the hearts and minds of more customers.

Let’s get stared today. What can we translate for you today?