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Benzinga
Benzinga
Business
Ofer Tirosh

Is The Financial Industry Ready For Machine Translation?

On March 1, 2022, the National Institute of Information and Communications Technology (NICT) and the Financial Services Agency of Japan (JFSA) worked together to enhance bilingual communication within Japan's financial sector. Their efforts led them to create an AI-based engine that efficiently translates financial documents from Japanese to English and vice-versa.

They claim that the machine translation (MT) engine has reached "the level of professional translators specialized for the financial sector." Is this even possible?

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