Entities

Society for Worldwide Interbank Financial Telecommunication

Society for Worldwide Interbank Financial Telecommunication
SWIFT
SWIFT
1973

SWIFT (Society for Worldwide Interbank Financial Telecommunication) provides the network for financial institutions around the world to send and receive transactions to each other

More About Society for Worldwide Interbank Financial Telecommunication

  • Provides a safe and secure environment
  • Provides a standardized way to make transfers



SWIFT Alternatives

  • Countries have been working on alternatives to circumvent US control & sanctions
  • Russia working on a "National Currency Pool"