Financial telecommunication network
Financial telecommunication network
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SCRL, is a Belgian cooperative society that serves as an intermediary and executor of financial transactions between banks worldwide. It also sells software and services to financial institutions, mostly for use on its proprietary "SWIFTNet", and ISO 9362 Business Identifier Codes (BICs), popularly known as "SWIFT codes".