In March 2021, UnionPay Data Services Co., Ltd. publicly selected two professional translation service providers for its annual translation tender project. After multiple rounds of screening and evaluation, Tangneng Translation stood out with its strong qualifications, rich experience, and comprehensive service system, becoming the winning translation supplier for UnionPay Data.
Financial Digitalization and Industry Alliance
With the accelerated digitalization of the financial industry, UnionPay Data joined hands with more than 200 banking and financial institutions, as well as industrial partners such as consumer finance companies and fintech firms, to establish the "Financial Digital Development Alliance" in November last year. The first batch of member units includes 170 banking and financial institutions such as Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, China Citic Bank, China Everbright Bank, China Merchants Bank, and China Minsheng Bank; fintech companies like UnionPay Data, CCB Financial Technology, Tencent, Baidu, JD Digits, and Suning Finance; consulting firms such as Zero Power Intelligence, PwC, and EY; and industrial chain enterprises like ByteDance, Ele.me, ZTE, and SF Express.
The Financial Digital Development Alliance will widely recruit enterprises and institutions from all links of the industrial chain, gradually extending to diversified financial institutions such as securities, insurance, and fund companies. It will assist member units in strengthening cross-border cooperation, practicing inclusive finance, serving the real economy, and jointly promoting financial digitalization with all industrial partners.
Diverse Translation Needs and Tangneng's Services
As UnionPay Data's international business continues to grow, its translation demands have steadily increased. On one hand, the launch of new products/functions and advancement of business processes require a large volume of Chinese-English translation for product fields, supporting documents, sales materials, and legal papers. On the other hand, with expanding business reach, there is demand for minor languages such as Japanese, Korean, Dutch, Spanish, Malay, and Khmer. Tangneng provides comprehensive translation services, including:
Chinese-English, Chinese-Japanese, and Chinese-Korean translation
Chinese-minor language translation (Dutch, Spanish, Malay, Khmer, etc.)
Since Tangneng Translation first won the bid in 2016, it has consecutively served as the designated translation supplier for UnionPay Data's translation service procurement projects for five years. As of March this year, Tangneng has completed 1.83 million words of translation tasks for both UnionPay Data Services Co., Ltd. and UnionPay Co., Ltd., with over 100 days of on-site translation deployment. Daily translation projects have become standardized, and a high level of synergy has been cultivated.
Through past collaborations with UnionPay Data, it is understood that in addition to regular multilingual documents, urgent rush projects also arise. Therefore, the ability of suppliers to respond promptly is crucial. Tangneng adopts a front-back office separation model, with multiple internal teams collaborating on projects, ensuring that project knowledge is not limited to the management team alone. The dual-service mechanism enables timely responses to clients, while streamlined internal management allows for faster decision-making. During the cooperation with UnionPay Data, the rapid response capability of the dual-customer service team has been highly praised by clients.
UnionPay Data is a holding subsidiary of UnionPay Co., Ltd. Previously, Tangneng Translation also won the bid for UnionPay Co., Ltd.'s 2019 designated translation service procurement project. During the cooperation, Tangneng relied on its complete project processes and stable project team to consistently deliver reliable and high-quality translation materials to clients.
Over the long-term partnership with UnionPay Data, Tangneng Translation has always upheld shared values. In the future, Tangneng will continue to provide better and more comprehensive language services to UnionPay Data, striving to be a trusted and reliable translation supplier for clients.
