Spine-chilling translations

On Halloween 2018 we’ve decided to pay homage to the horrors of the translation world by showing you 10 monstrosities we’ve seen online.
But to find out how quality translations are done, click on the pumpkin!

 

1. #JeSuisFlamingo

 

2. Censored

 

3. Weeding time

translation fail

4. Need a technical translation?

 

 

5. Rape, more rape, a lot of rape?

True, it’s not an easy one to explain abroad, so maybe it needs some context. The “cima di rapa” is a vegetable typically grown in Southern Italy. “Rape” is only its plural, nothing violent or dangerous. “Orecchiette con le cime di rape” are a typical dish from Apulia. So nothing to do with mountains. But then again, a mountain of orecchiette wouldn’t be too bad.

halloweeen

 

6. Google translate strikes again!

 

7. Self-citations

 

8. Manicure for Edward (Scissorshand)

 

9. Yum!

 

10. R.I.P. Paul

Not only Fintech: Blockchain for translation services

Blockchain and Bitcoin: two of the trend topics for 2018. The hashtag #blockchain on Twitter is often one of the top daily trends And, even if everyone is talking about it, it is still not a commonly used technology.

blockchain technology

We think it is very important to clarify the difference between Blockchain and Bitcoin. Even if these two words are often closely associated, they are not the same thing. Blockchain is a technology used to exchange data and information in a digital and encrypted format. Bitcoin is a currency (one of many) created using Blockchain technology, which is why it is called cryptocurrency.

What is Blockchain?

The Blockchain system is not a technology to be used exclusively for financial and monetary transactions, essentially it enables encrypted transactions of any type of data, such as word documents, contracts, images and videos.

There are profound differences between this technology and the traditional exchange of data peer-to-peer via email, server or client. Blockchain is an open source system, i.e. an open system composed of more subjects that regulate the transactions, substituting the traditional intermediaries like banks in the case of financial operations or legal institutions in the case of contractual obligations.

How the transactions work

The mechanism for the transfer of information within the Blockchain system is explained perfectly in the article Explain Bitcoin like I’m five.
Every single transaction is verified, authorised, and registered in a digital “master file”by each member of the chain (so called “nodes” or “miners”). The transactions are provided with a public encryption key accessible to all members along with a private encryption key that, even if the community has access to the transaction (contract, agreement or monetary exchange) and its validation, guarantees the privacy of the contracting parties.

translations fintech

The note is made up of a series of encryption keys and identification codes of each single transaction. All files and transactions are linked together by identification codes that allow the entire chain to be reconstructed by keeping the blocks connected to it.

The meaning of the chain is explained below: each transaction is linked to another and as such you can access, at any time, completed documents and transaction, without being able to modify or change them. Modifications are subject to the authorisation of the whole community, and as such the data is protected from possible hacking via one of the nodes.

blockchain.translations

The Blockchain technology offers various advantages including; the absence of institutional intermediaries to control relationships, the speed of the transactions, the traceability of the documents and the certainty of their authorship.

Blockchain and translation projects

The theme of the relationship between Blockchain and translation activities starts to be discussed in the debate on new technologies in the field of linguistic services. The impact of introducing a similar new technology into the sector of professional translation could bring about historic changes.

Copyright. As mentioned before, the introduction of an open technology, both participatory and controlled, can put at end to, once and for all, the subject of the authorship of the translation.

We have previously dealt with the problem of the relationship between the translator and the legal ownership of the translated text, mainly in the editorial field. The open sharing of documents and the absolute traceability of information guarantee the digital identity of the source and the recognition of the translator’s work.

Direct payments Through avoiding the intermediaries of credit institutions, payments are managed directly by clients and suppliers with the supervision of the collective that makes up the chain.

Feedback. In the presence of a collective, and of a system to control information, it is possible to trace all feedback left by contracting parties. In this way, opinions on the quality and cost of the service are extremely reliable and can be subject to verification at any time through accessing the documents.

State of the art in translation

Despite the various advantages of block technology, many people are still reluctant to adopt Blockchain transaction systems. Banks have been exhibiting their doubts on the security of the system and the risk of fraud, with some financial institutions conducting surveys on blockchain and cryptocurrency. Consumers, for their part, are still trying to understand the system and its implications, which undoubtedly are not easily intuitive.

Therefore, it is unlikely that there will be a mass conversion to Blockchain technology, although in the case of cryptocurrency and smart contracts, significant progress has been made.

Intrawelt continues to adopt data and information protection methodology in line with the international ISO 9001 standard. We are equipped with antivirus systems, secure servers, backup systems and cloud technology from the latest generation which enable us to guarantee maximum protection.

Thanks to our project management system, eGetrad, we can also provide our customers with a web-based interface where they can easily communicate with our project managers at any time. Our eGetrad portal allow users to request quotations, place orders, attach necessary documentation, analyse service statistics, receive and view invoices and payments, all while maintaining maximum security.

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Energy innovation

Germany, world leader in energy innovation

Germany is the number one European country in renewable energy storage capacity with 113.06 gigawatts. According to the updated 2017 rankings, Germany is fourth in the world, after China, the US and Brazil (Source: IRENA – International Renewable Energy Agency).

energy-innovation-renewable-energy-ranking

Leading countries in installed renewable energy capacity worldwide in 2017 (in gigawatts) – Source: IRENA 2017, Statista 2018 graphic representation.

For over a decade, Germany has demonstrated constancy in pursuing energy conversion policies, which contributes greatly to their success in utilising renewable energy. After abandoning nuclear energy in 2003, the country began an important project to invest in renewable and sustainable energy resources, particularly solar and wind, with excellent results.

 

The future of sustainability, hydrogen trains

The path towards achieving an energy self-sufficient and sustainable country marks every new historical moment for Germany. Eisenbahn-Bundesamt [The German Federal Railway Authority] has officially given the green light to hydrogen-fuelled trains made by the company Alstom.

Coradia iLint is its name, and it is the first passenger train in the world to use hydrogen fuel cells to produce electricity for traction. It was specially designed for non-electrified lines.

The first trains will start running at the end of the summer. Meanwhile, in November, Alstom signed a contract with the Lower Saxony Transport Authority (LNVG) to deliver a total of 14 hydrogen-fuelled trains.

 

The economic power of the energy and environmental sector

Environment and sustainability are the key words present in most EU and global policies, and they also represent a highly profitable piece of the market.

Investing in energy innovation guarantees a high growth potential, especially considering the long road still ahead for replacing traditional energy sources, such as coal and petroleum, with modern energy technologies, like solar, wind, marine and hydrogen.

As a global provider of linguistic services, for nearly 30 years, Intrawelt has collaborated with some of the biggest leaders in the integration of the European electricity market and the use of environmentally friendly sources, as well as many innovation technology companies. This allows us to experience first hand the economic growth of our customers and the industry in general.

Daily, we take on translation projects that our clients need to reach ever-larger market segments: website localisation for foreign markets, business interpretation for building relationships with global partners, multilingual brochures and catalogues and translation of technical documents with increasingly sophisticated requirements. We can discretely and competently manage price-sensitive multilingual documents, such as press releases and legal and financial translations.

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Financial services and Hispanic Americans: an untapped market

What is the first thing that comes to mind when we think about Hispanic Americans? Illegal immigration, a wall along the Mexican border and images of poverty and repression are often at the forefront. Is this really an accurate picture? In reality, the situation is far, far more complex.

In the collective imagination, Hispanic Americans are viewed from an economic perspective as relatively poor with low life expectations and this is partly why they have never been a significant target for the financial-services market.

Financial opportunity in the Hispanic American market

Hispanic Americans currently represent 17% of the US population, many voted for Trump and the group shows greatly reduced unemployment rates. Whilst these facts alone may appear surprising, more detailed analysis reveals an even more interesting picture.

According to a 2017 study by Univision Communications and Harris Poll, entitledBanking on Hispanics for Growth, out of 59 million Hispanic Americans living in the US, 16 million are between the age of 18 and 34 years, with an average age of just 29. Considering a life expectancy of 82 years, the Hispanic American community boasts an average 53-year window of active eligibility for the purchase of financial products, against 43 years for non-Hispanic citizens.

This figure assumes even greater relevance considering that today there are still relatively few Hispanic Americans using financial goods and products, despite the fact that 80% of them (source: Simmons 2017) declare that they are interested in making purchases, with a peak of 84% among those who speak mainly or exclusively Spanish.

Use of Hispanic speaking financial services

Source Univision and Harris Poll

The differing conceptions regarding prosperity amongst Hispanic Americans and other citizens is a clear sign of the times and of the transformations which US society is undergoing. For Hispanic Americans, prosperity is a synonym of growth and improved living conditions compared to previous generations, and achievement of objectives. For non-Hispanic Americans, on the other hand, prosperity is understood as comfort, economic stability and the possibility to live a stress-free daily life.

In American society, certain populations, such as the Hispanic population, are showing themselves to be more active than others in pursuit of personal and professional goals aimed at improving their quality of life. It is this generational force which makes Hispanic Americans a target market with potential to be explored, particularly with regard to financial services.

Finance, identity and effective communication

Like Mediterranean populations, Hispanic Americans place great importance on their identity and social institutions: language, family and relationships. The study conducted by Univision and Harris Poll revealed that according to the perception of the Hispanic population, 51% of them felt poorly valued by the financial-services market, while 69% maintained that the products on offer did not meet their needs and 22% felt extremely unsatisfied.

Source: Univision and Harris Poll

 

One finding was particularly surprising: only 29% of Hispanic Americans stated that taxes and interest rates on services were a primary obstacle (against 44% of non-Hispanics). Finding the key to gaining their trust as clients could offer huge rewards.

Engagement with their identity: the role of translation services

To win over a population, you must win over their hearts and their identity. Communication is the best way to do this, and words and language are the most effective tools.
88% of Hispanic Americans give complete loyalty to those companies which demonstrate themselves as an active partner and invest in supporting the community.

The winning solution is to trust in a translation and interpreting services company such as Intrawelt that has been working in the sector of financial translations for over thirty years offering multilingual communication services, and translation of financial statements and marketing campaigns in over 30 different languages.
Not only translation but also interpreting. The key strategy is to have an interpreter specialised in financial services supporting business liaisons and dialogue with local communities; a kind of right-hand man with detailed knowledge of customs and cultural norms who also possesses financial-services know-how.

Establishing itself as a trusted top player in an identity-focused market such as that of Hispanic Americans requires a high degree of knowledge and sharing of customs, social norms and language. It is fundamental to know how to speak to stakeholders, communities, banks and local companies.
This is why Intrawelt exclusively uses native-speaker professionals specialised in a variety of different sectors including financial, medical/scientific, legal, technical and marketing.

There is an untapped market in the land of the stars and stripes. The race to win over the hearts of Hispanic Americans has begun and today our services can make the difference in the financial marketplace.

For further information, write to us at info@intrawelt.com .