What is SWIFT? 8 Things You Need to Know

In our increasingly digital world, global communications and financial interactions are nigh inescapable for anyone in any industry or walk of life. The infrastructure in place for international transactions is complex and layered, containing moving parts that work in tandem to make things like transferring money nearly seamless. Many of those moving parts are enabled, supported, and developed by the Society for Worldwide Interbank Financial Telecommunications (SWIFT), “the financial industry’s neutral and trusted infrastructure provider.” SWIFT has a variety of …

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