
Sign up to save your podcasts
Or


SWIFT stands for Society for Worldwide Interbank Financial Telecommunication.
Founded in 1973, it is comprised of a large network of roughly 11,000 banks from all over the world. Think of it as a messaging service for money. SWIFT member banks share information with each other about sending and receiving funds – mostly across international borders.
SWIFT operations are located in Belgium – which makes sense because of it's fairly neutral location – and is overseen by the G10 countries (psst that includes the US).
By Crosby Advisory Group4.9
1515 ratings
SWIFT stands for Society for Worldwide Interbank Financial Telecommunication.
Founded in 1973, it is comprised of a large network of roughly 11,000 banks from all over the world. Think of it as a messaging service for money. SWIFT member banks share information with each other about sending and receiving funds – mostly across international borders.
SWIFT operations are located in Belgium – which makes sense because of it's fairly neutral location – and is overseen by the G10 countries (psst that includes the US).

228,294 Listeners

30,680 Listeners

3,223 Listeners

3,340 Listeners

112,101 Listeners

1,421 Listeners

8,655 Listeners

4,044 Listeners

561 Listeners

213 Listeners

19,650 Listeners

1,487 Listeners