Company
Date Published
Author
Mia Comic
Word count
3203
Language
English
Hacker News points
None

Summary

Localizing banking products requires a robust translation management system (TMS) to ensure security and consistency, particularly in the fintech sector, where misinterpretations can lead to significant issues. Lokalise is highlighted as the most secure option, offering ISO 27001 and ISO 27017 certifications, SOC 2 Type II, and GDPR compliance, alongside a range of features such as translation memory, glossaries, and AI translation capabilities. It is used by notable financial institutions like DBS Bank and Mastercard to manage multilingual content efficiently. Alternatives like Crowdin, Phrase, Smartling, and Transifex also offer strong security, API reliability, and AI capabilities tailored to fintech needs, but each has unique strengths and pricing models. The importance of choosing a TMS that aligns with financial compliance standards and supports terminology consistency across all product surfaces is emphasized, with Lokalise being recommended for its comprehensive control, security, and automation.