With publication of the financial statement, together with the notes and expense report, companies convey their managerial and financial situation to stakeholders, investors, and customers in various countries. If prepared clearly and accurately, such information helps to build trust in the financial health of the company and encourage investments. If it sounds imprecise and the information is expressed ambiguously, it can generate uncertainty, or even damage the company’s credibility and reputation.
Because of this, the accuracy of multilingual content is very important. In fact, each country has a set of regulations that govern financial reports, income declarations, and other financial operations. For example, in the EU, financial institutions must respect the provisions of the MiFID II (Markets in Financial Instruments Directive), the GDPR on privacy, and the anti-money laundering (AML) directive.
Finally, a correct and coherent financial translation is an essential tool for decision-makers and inspection bodies when making strategic decisions to pursue the best results and success for the company.
Starting on 1 January 2024, the CSRD Directive also requires companies to prepare a sustainability report. High-quality translation of these documents is an important element of communication that uses adequate colours to depict the company’s social responsibility on an international level.
The digital transformation, which has introduced translation memories, MT (machine translation), and AI (artificial intelligence) in the world of translation, did not catch Yellow Hub by surprise. Instead, Yellow Hub has drawn on the advantages of speed, integrating these tools with the vital contribution of human experts.
Optimizing translated content is useful in financial translation because it involves detailed information with respect to numbers, dates, abbreviations, etc. This is due to the importance of quality in financial translation — precision, accuracy, and the absence of errors and omissions.
570
Clients in the financial and legal sectors
11
Common language pairs in the sector
NDAs
Guaranteeing confidentiality
50
Native translators and editors up to date on international banking regulations
Data anonymization
Automatic removal of personal information such as names, telephone numbers, social welfare codes, etc., during the process.
Certifications
ISO 9001 for QMS – ISO 17100 for translation quality – ISO 27001 for cybersecurity of TMSs and LMSs – ISO 18841 for interpreting services
Sworn translators
For certification, legalization, and apostilles
Desktop publishing
To produce the target text in the same format as the original
Yellow Hub relies on a limited number of translators and editors specialized in financial, legal, and corporate translation. In fact, only some translators are experts in finance and law and know the specific terminology and phrasing used in finance in the target country.
With our experience over the years, we can confirm that, together with AI technology, the human factor leading to quality in financial translation is the skill of editors who have worked with us for many years and who are selected according to the ISO 9001 qualification and accreditation system for the financial, corporate, and legal sector.
If your company needs to translate financial statements, profit and loss accounts, financial reports, annual reports, audit reports, contracts, or financial prospectuses, rely on the experience of Yellow Hub.
Our Experience in Financial Translation
Carlo G., Palazzo Grassi
Specialized knowledge
Translators must have experience in economics, finance and corporate management. Our financial translators are selected according to previous translation experience in the relevant sector.
Terminology management
Financial concepts change from country to country, so it is important to ensure that translated documents are in line with the company’s business and international standards.
Timing
We manage translation projects and guarantee 24/7 availability. We accompany your preparation of financial documents with the related translation, enabling publication of the various languages within the specified times.
Privacy
Tax records contain important information on companies and customers, and we recognize the value of data security and confidentiality. In fact, we work with the utmost respect for the confidentiality of every document, idea, and piece of information that we encounter.
