Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
The latest news and top stories on Society for Worldwide Interbank Financial Telecommunication (SWIFT). A prominent Belgium-based global member-owned cooperative, SWIFT is dedicated to providing a secure network for financial institutions to exchange information about transactions. Its main areas of focus include secure financial messaging, developing international standards like ISO 20022, and facilitating cross-border payments. Established in 1973, SWIFT is a crucial part of the international financial system, connecting over 11,000 institutions across more than 200 countries and territories, thereby enabling global trade.