Industry Specific

Industry Specific, IP & Patent

The Ultimate Guide to Patent Translation – Everything You Need to Know

Patents, which serve as protective measures for inventions and innovations, are at the core of this intellectual property system. According to WIPO, patents are territorial rights. In general, exclusive rights are valid only in the country or region where a patent was filed and granted, in accordance with the laws of that country or region. […]

Industry Specific, IP & Patent

Applying for a Patent in South Korea

In 2022, there were 3.46 million patent applications were submitted, the highest number of filings ever recorded. Offices received around 68% of patent applications filed globally in Asia, with an increase rate of 11% in 2012. Types of Patent Applications Similar to many other national intellectual property offices, South Korea recognizes three types of patents:

Finance & Banking, Industry Specific

What to Look for When Selecting a Financial Translation Agency

Clear and precise communication across languages is essential for financial companies operating internationally. The demand for professional financial translation services has grown significantly as globalization links markets more closely. According to Research and Markets, the global language services market was valued at $67.2 billion in 2022. Forecasts predict an annual growth rate of 6.6% from

eLearning & Training, Industry Specific

8 Tips for Successful eLearning Translation

The demand for online education, or eLearning, continues to soar, driven by factors such as technological advancements, increasing internet penetration, and the growing need for flexible learning solutions. According to a report published by Facts & Factors, the global online education market size was evaluated at $217 billion in 2022 and is projected to reach

Finance & Banking, Industry Specific

8 Strategies to Adopt for Successful Annual Report Translations

As more and more companies go global, the demand for services that can bridge linguistic divides and cater to an international audience has surged. Among these essential services, Annual Report Translations stand out as a critical need for multinational corporations. What is an Annual Report? An Annual Report is a comprehensive document that provides an

Industry Specific, Medical & Life Sciences

10 Things to Consider When Choosing a Medical Translation Agency

In today’s interconnected society, medical translation are pivotal in ensuring accurate and efficient communication between healthcare providers and patients from diverse linguistic backgrounds. Medical professionals must provide accurate and culturally appropriate information in a language that patients can understand. However, the importance of medical translations extends beyond mere language conversion; it encompasses medical terminology, varied

Finance & Banking, Industry Specific

7 Best Practices for Financial Document Translation

A survey by the European Commission found that language and cultural barriers can have a significant impact on businesses. Spanish companies reported the highest rate of lost business (19%) due to these barriers, followed by French companies (13%) and German companies (10%). In today’s global economy, financial document translation plays a crucial role in facilitating successful business

Finance & Banking, Industry Specific

Artificial Intelligence: Shaping the Future of Financial Services

The world of finance is undergoing a profound transformation, thanks to the rapid integration of Artificial Intelligence (AI) technologies. From personalized financial advice to fraud detection and algorithmic trading, AI is reshaping every facet of the financial services sector. According to Autonomous Next research seen by Business Insider Intelligence, the potential cost savings for banks

Industry Specific, News & Events

EC Innovations Ranked Among Top 20 LSPs Specializing in Multimedia Localization

EC Innovations, a leading player in the language services industry, is thrilled to announce its official ranking as a top language services provider (LSP) specializing in multimedia localization. Based on data from independent market research firm CSA Research and verified revenues, EC Innovations ranks 15th in the world in multimedia localization. With an extensive network of

Finance & Banking, Industry Specific

How Financial Institutions Can Stay Compliant Across Global Markets

Regulatory compliance is undeniably vital in the financial industry, as it ensures that financial institutions operate within legal and ethical boundaries. Noncompliance with regulatory requirements can result in significant legal and financial penalties, as well as reputational harm. A study from Ponemon and Globalscape reports that it is 2.71 times more costly for an organization to

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