Financial translation refers to the interpretation of business documents or reports from a foreign language to a known language whereas legal translation is the conversion of any type legal documents within a law field.
Most financial translation agencies offer their customers financial translation services as per demand.
Translation of financial statements is a type of financial translation service that involves the translation of financial structures of a company from a certain language to a desired language. It can be translation of financial reports, salary statement or any other kind of business statement.
Another type of financial translation service is insurance claims where any type of claim processed in a foreign language is translated to a known language. This is most likely to happen to companies that produced their insurance claim in a local language and the claims need to be processed. This will most definitely increase the company's productivity.
Also, another type of financial translation service is known as investor research. This involves translation of a company's information from the company's native language to different languages that can be understood by the target investors of the company.
Mortgage application is another wide field of financial translation services where a foreign investor who is purchasing a residential home in another state. Most of the investors' financial statements are usually written in native languages and it's essential that they be translated.
Financial translation services are also involved in the translation of a company's annual reports which are mostly produced in multiple languages in order to reach out to the wider target market for their business.
However, the cost of financial translation services depends on certain factors for example; period which the task should be completed, the document's length, word count of the document, language combination and the document's format.

So the question is how do financial translation services relate to legal translation services?
In order to initiate a financial translation service you have to consider hiring a legal translator for such tasks.
A legal translator is an interpreter who has at least attained a diploma in DPSI (diploma in public service interpreting) and their career is approved by the national government through the court system (Criminal justice)
Legal translation services involve Translation of Legal Document where an experienced translator on that specific document field is assigned to work on it and apply civil law on it as directed by legal systems.

Another type of legal translation service is Contact Translation. This type of service involves translation contracts of business employees, marriage contracts or any other type of contract by legal translators. However, all of the translations should be certified by the government through the relevant law courts.

Legal translation services also involve Commercial Translations. This is where a certain business is translated to more languages by legal translators in order to maximize on the reach out of its target customers.
In a contrasting approach on financial translation services and legal translation services, it is important to consider service based on skilled experienced translators who can work with multiple clients and have been approved by the legal law courts. Almost every document presented in financial translation service must be made legal through the legal translation services.