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Also known as S.W.I.F.T. SCRL, Society for Worldwide Interbank Financial Telecommunication
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium () and owned by the banks and other member firms that use its service. SWIFT provides the main messaging network through which international payments are initiated. It also sells software and services to financial institutions, mostly for use on its proprietary "SWIFTNet", and assigns ISO 9362 Business Identifier Codes (BICs), popularly known as "SWIFT codes".
SWIFT is a Belgium-based cooperative founded in 1973 that operates the primary messaging system used by banks worldwide to send international payment instructions to each other. It also provides software and services to financial institutions and assigns identification codes (known as SWIFT codes) that help route money correctly across borders.
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