The Chief Operating Officer of an international financial institution in charge of a global cost saving plan realises that the translation processes and budgets of his organisation are not optimised and represent a significant cost once all team expenses have been calculated.
Lingua Custodia performs a comprehensive audit of existing translation processes to produce mapping as well as an estimation of internal and external translation costs. Lingua Custodia proposes, under appproval of the Management Committee, an optimisation plan that includes a review of processes, their optimisation by Artificial Intelligence (Machine Learning) technology and the outlining of forward looking return on investment indicators. Lingua Custodia implements the optimisation plan and monitors the long-term achievement of expected savings.
The multilingual RFP team in a UK management company spends a lot of time translating English documents into other European languages to coordinate other internal team responses to invitations to tender. Normally, the company only translates internally and in an emergency for time and confidentiality reasons.
Lingua Custodia builds a customised machine translation engine, based on company-specific past translations. Using Deep Learning technology, the engine is trained to automatically learn and produce increasingly accurate translations as it is used. The RFP team team thus profits in:
Speed: Translating efficiently within very tight deadlines
Flexibility: Translating varying volumes
Quality: Ensuring consistency in the translations and vocabulary used
Cost: Able to limit the costs impacting a growing business, thereby finding a solution to the ‘hidden costs’ of internal translation
Autonomy: The organisation successfully minimises external dependencies
A French management company is looking to expand into the Italian market and needs to collect a lot of information: A list of local competitors, local funds, their characteristics etc…. Lots of documents: Fund prospectuses, KIIDs and monthly reports have been collected in Italian and the company is seeking a solution to obtain a translation that will enable them to understand the contents of the documents and carry out their analysis without having to pay the price of a translation with an ‘objective to publish’ that would make the project financially unfeasible.
Lingua Custodia offers its range of specialised engines that translate prospectuses, KIIDs and management comments. In this way, the company can immediately obtain accurate translations of as many documents as necessary – with full autonomy – at a fixed and controlled cost.
My team frequently needs to translate from and to English to other European languages and we regularly have to handle urgent translations in house. The smart translation tool proposed by Lingua Custodia has brought us flexibility and a real added value when we are in an emergency situation. The tool learns from our validated translations in a continuous manner and its translations become more and more accurate as we use it. We were impressed by the reactivity of Lingua Custodia ‘s team and really appreciate the customisation of the solution.AXA Investment ManagersGlobal Head of RFP
We work with Lingua Custodia for the translation of our fund prospectuses, fund annual reports and Key investor information documents. We particularly appreciate the use of their web interface where we can download the documents we need to translate and immediately obtain a quote. Their pricing takes into account previous translations they have performed for us and we rank Lingua Custodia’ s specialisation in the financial domain very highly.Sycomore Asset ManagementHead of Legal, compliance and internal control