Paris, 30 October 2019 – A few weeks after the opening of its Luxembourg branch (see Press Release dated October 3, 2019), Lingua Custodia signs a contract with Foyer Group, the leading insurance company in Luxembourg, to develop its first machine translation engine specialised in the Insurance domain.
Lingua Custodia Luxembourg was inaugurated last 10 October to drive Lingua Custodia’s development on the European market. Under Frédéric Moioli’s leadership, the team has already been expanded with two new joiners and a third recruitment will be completed by the end of the year.
“The development of this new machine translation engine illustrates our commitment to covering all the linguistic needs of the financial industry. Our collaboration with the Foyer teams is a perfect illustration of our DNA as a Fintech company: to help financial institutions to spend less time and money in translation and communicate rapidly and effectively with their clients, whatever their native language may be.”
Read the Press Release from Foyer Group
Lingua Custodia is the unique Fintech company, founded by asset management professionals, applying Artificial Intelligence to Financial Translations. We build machine translation engines specifically designed for the financial industry.
The aim is twofold: achieve a superior translation quality thanks to highly domain-focused deep learning algorithms. And help financial institutions to communicate rapidly with their clients in multiple languages.
It offers a full range of services, with around 100 specialised engines available in 9 languages: Chinese, Dutch, English, French, German, Italian, Japanese, Portuguese and Spanish.
Lingua Custodia is not only recognised as a Young Innovative Company by the French Ministry of Research. But also certified by Finance Innovation since 2014. In addition, it is one of the founding members of the France Fintech association created in 2015. It was elected Fintech of the Year at the European Finance Summit.
The company is a member of the LHoFT (Luxembourg House of Financial Technology) since 2018. And a member of the Village by CA.