The NICT and the JFSA have developed a new high-precision AI-based translation engine that can translate documents in the financial sector between Japanese and English.
The JFSA has collected a large quantity of bilingual documents from a variety of stakeholders, which contributed to improving the percentage of the highest-quality translations from 20% to 50%, and which reached the level of professional translators specialized in the financial sector.
Improving translation accuracy in highly specialized financial fields is expected to contribute to strengthening Japan’s roles as an international financial center.
<<Examples of improved translation>>
|Japanese original text||Translation by a general-purpose engine <Understandable>||Translation by the new AI-based engine specialized for the financial sector <Professional>|
|保険契約に解約価額がある場合、契約を解約する保険契約者に損失を負担させることを可能にするための解約時の契約価額の削減||where insurance contracts have a surrender value, reducing the value of contracts upon surrender to enable losses to be imposed on policyholders that surrender their contracts.||A reduction in the value of policies at surrender to enable policyholders who surrender policies to bear losses if they have a surrender value ;|
|なりすましに対抗するため、各参加者に固有の生体認証番号（BIN）が作成されている。||A unique Biometric Identification Number (BIN) is created for each participant to counter identity fraud.||To counter identity theft, a unique Biometric Identification Number (BIN) is created for each participant.|