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  • Development of a New High-precision AI-based Translation Engine Specialized for the Financial Sector


 The National Institute of Information and Communications Technology (NICT) and the Financial Services Agency of Japan (JFSA) worked together to develop a new AI-based translation engine that can translate documents between Japanese and English in both directions with high accuracy. The JFSA has collected, and provided to the NICT, a large number of translation documents owned by the JFSA and financial industry groups. The NICT has refined them into data suitable for deep learning to develop the high-precision AI-based engine. The NICT has started technology transfer of this engine to private companies since March 1, 2022. The new engine will enable users to translate documents with high accuracy. According to our research, the ratio of highest quality translations that have reached the level of professional translators specialized for the financial sector has improved from 20% to 50%. It is expected that this engine will contribute to strengthening Japan's roles as an international financial center.