SWIFT means several things in the financial world: a set of connection software and services allowing financial institutions to transmit messages over SWIFT network.

At Swift, we enable seamless interoperability across market infrastructures, networks, and asset types. Whether working with traditional or digital currencies, our solutions help you connect …

Oct 14, 2025 · Founded in 1973 as a faster and more reliable alternative to the telex system, SWIFT now connects more than 11,000 financial institutions worldwide. It assigns each …

Aug 8, 2024 · Founded in 1973 by 239 banks from 15 countries, SWIFT’s primary purpose is to streamline and secure cross-border financial communication. SWIFT is not a payment system …

May 20, 2025 · The Society for Worldwide Interbank Financial Telecommunications (now known as Swift) system is a messaging network and communication standard used by banks and …

Jan 23, 2025 · What is the SWIFT banking system? Here’s what businesses need to know about SWIFT codes and using this global system that connects banking institutions.

Aug 13, 2024 · SWIFT doesn’t hold assets or move money around. Instead, it is a messaging system for banks and other financial institutions. When banks need to conduct business …

Feb 20, 2025 · Swift, the Society of Worldwide Interbank Financial Telecommunications, was founded in 1973. It was proposed as an answer to Telex, a very early communication system …

Sep 16, 2024 · SWIFT is a messaging network that powers international bank transfers. It acts as a secure communication channel rather than a fund handler. In the 1970s, SWIFT replaced …

Dec 17, 2025 · “SWIFT” has a dual meaning and can refer to the international banking system providing messaging for fund transfers or the programming language. The international …