Swift

Organization

The global financial messaging network from which countries like Russia were expelled, motivating alternative payment systems.


First Mentioned

2/22/2026, 11:22:27 PM

Last Updated

2/22/2026, 11:28:57 PM

Research Retrieved

2/22/2026, 11:28:57 PM

Summary

SWIFT, legally S.W.I.F.T. SC, is a Belgian cooperative founded in 1973 that serves as the global backbone for international financial messaging. Owned by its member financial institutions, it operates the proprietary SWIFTNet platform and manages ISO 9362 Business Identifier Codes (BICs). Headquartered in La Hulpe, Belgium, SWIFT facilitates secure communication for over 11,000 institutions across more than 200 countries. While it processed half of the world's high-value cross-border payments by 2018, its role has recently become a focal point of geopolitical tension. The exclusion of Russian banks from the network due to international sanctions has accelerated de-dollarization efforts and prompted BRICS nations to seek alternative financial systems to ensure economic sovereignty.

Referenced in 1 Document
Research Data
Extracted Attributes
  • Founded

    1973

  • Standards

    ISO 9362 (Business Identifier Codes)

  • Governance

    25 directors elected by shareholders

  • Legal Name

    S.W.I.F.T. SC

  • Membership

    11,000+ financial institutions

  • Headquarters

    La Hulpe, Belgium

  • Annual Conference

    Sibos

  • Organization Type

    Cooperative society

  • Proprietary Network

    SWIFTNet

  • Daily Message Volume

    32 million (as of 2015)

Timeline
  • SWIFT is established in Belgium as a cooperative to provide a secure messaging network for banks. (Source: undefined)

    1973-05-03

  • The first non-European operations center is inaugurated in Virginia, United States. (Source: undefined)

    1979-01-01

  • SWIFT completes its new headquarters building in La Hulpe, Belgium. (Source: undefined)

    1989-01-01

  • The network processes an average of 2.4 million daily messages. (Source: undefined)

    1995-01-01

  • SWIFT connects over 11,000 financial institutions and averages 32 million messages per day. (Source: undefined)

    2015-01-01

  • SWIFT processes approximately half of all high-value cross-border payments worldwide. (Source: undefined)

    2018-01-01

  • Russian banks are excluded from the SWIFT network following international sanctions. (Source: Document a340c684-d9d0-4749-ab94-6eb4e3f75a90)

    2022-02-26

SWIFT

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium (French: Société Coopérative) 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". As of 2018, around half of all high-value cross-border payments worldwide used the SWIFT network, and in 2015, SWIFT linked more than 11,000 financial institutions in over 200 countries and territories, who were exchanging an average of over 32 million messages per day (compared to an average of 2.4 million daily messages in 1995). SWIFT is headquartered in La Hulpe near Brussels. It hosts an annual conference, called Sibos, specifically aimed at the financial services industry.

Web Search Results
  • SWIFT - Wikipedia

    The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium (French: _Société Coopérative_) 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 means several things in the financial world: 1. a secure network for transmitting messages between financial institutions; 2. a set of syntax standards for financial messages (for transmission over SWIFTNet or any other network) 3. a set of connection software and services allowing financial institutions to transmit messages over SWIFT network. Under 3 above, SWIFT provides turn-key solutions for members, consisting of linkage clients "Client (computing)") to facilitate connectivity to the SWIFT network and CBTs or "computer-based terminals" which members use to manage the delivery and receipt of their messages. Some of the more well-known interfaces and CBTs provided to their members are: [...] SWIFT's first non-European operations centre was inaugurated by Governor John N. Dalton of Virginia in 1979.( In 1989 SWIFT completed a monumental new head office building in La Hulpe, designed by Ricardo Bofill Taller de Arquitectura.( Ownership and governance [edit] SWIFT's shareholding structure is adjusted every three years in proportion to volumes of activity incurred by the members, ensuring that the most active members get the most voice irrespective of geography; additional rules are aimed at ensuring some geographical diversity within the board of directors. The 25 directors are elected by the shareholders, on three-year terms with the renewal of one-third of the board every year; all directors are member representatives.( 30-31

  • Swift (programming language) - Wikipedia

    Development of Swift started in July 2010 by Chris Lattner, with the eventual collaboration of many other programmers at Apple. Swift was motivated by the need for a replacement for Apple's earlier programming language Objective-C, which had been largely unchanged since the early 1980s and lacked modern language features. Swift took language ideas "from Objective-C, Rust "Rust (programming language)"), Haskell, Ruby "Ruby (programming language)"), Python "Python (programming language)"), C# "C Sharp (programming language)"), CLU "CLU (programming language)"), and far too many others to list". On June 2, 2014, the Apple Worldwide Developers Conference (WWDC) application became the first publicly released app written with Swift. A beta version of the programming language was released to [...] The Swift Programming Language, a free 500-page manual, was also released at WWDC, and is available on the Apple Books Store and the official website. Swift reached the 1.0 milestone on September 9, 2014, with the Gold Master of Xcode 6.0 for iOS. Swift 1.1 was released on October 22, 2014, alongside the launch of Xcode 6.1. Swift 1.2 was released on April 8, 2015, along with Xcode 6.3. Swift 2.0 was announced at WWDC 2015, and was made available for publishing apps in the App Store on September 21, 2015. Swift 3.0 was released on September 13, 2016. Through version 3.0, the syntax "Syntax (programming languages)") of Swift went through significant evolution, with the core team making source stability a focus in later versions. [...] On Apple systems, Swift uses the same runtime as the extant Objective-C system, but requires iOS 7 or macOS 10.9 or higher. It also depends on Grand Central Dispatch. Swift and Objective-C code can be used in one program, and by extension, C and C++ also. Beginning in Swift 5.9, C++ code can be used directly from Swift code. In the case of Objective-C, Swift has considerable access to the object model, and can be used to subclass, extend and use Objective-C code to provide protocol support. The converse is not true: a Swift class cannot be subclassed in Objective-C.

  • Taylor Swift

    Swift embarked on the Speak Now World Tour from February 2011 to March 2012. In 2011, Swift was honored as Woman of the Year by Billboard, Entertainer of the Year by both the Academy of Country Music Awards and the Country Music Association Awards, and Artist of the Year at the American Music Awards. She again won Entertainment of the Year by the Academy of Country Music Awards in 2012. At the 54th Annual Grammy Awards in 2012, "Mean" won Best Country Song and Best Country Solo Performance. After Speak Now's release, Swift dated the actor Jake Gyllenhaal. [...] Swift's first album with Republic Records and seventh overall, Lover "Lover (album)"), was released on August 23, 2019. She produced the album with Antonoff, Louis Bell, Frank Dukes, and Joel Little. Lover peaked atop the charts of such countries as Australia, Canada, Ireland, Mexico, Norway, Sweden, the UK, and the US, and was the global best-selling album by a solo artist of 2019. Three of its singles—"Me!", "You Need to Calm Down", and "Lover "Lover (Taylor Swift song)")"—were released in 2019 and peaked in the top 10 of the Billboard Hot 100. "The Man "The Man (Taylor Swift song)")" was released in 2020 and charted highly, and "Cruel Summer "Cruel Summer (Taylor Swift song)")" became a resurgent success in 2023, reaching number one. [...] Swift's debut single, "Tim McGraw "Tim McGraw (song)")", was released in June 2006. She and her mother spent mid-2006 sending promotional copies of the song to country radio stations across the US. Taylor Swift was released on October 24, 2006. On the US Billboard 200 chart, the album peaked at number five and was on the chart for 157 weeks—the longest chart run by an album in the 2000s. With Taylor Swift, she became the first female country music artist to write or co-write every track on a platinum-certified debut album. The album was promoted by a six-month radio tour and Swift's opening for other country artists, including Rascal Flatts in 2006, and George Strait, Brad Paisley, and Tim McGraw and Faith Hill in 2007. She opened for Rascal Flatts again in 2008, when she dated the singer

  • Swift Programming Language

    # # Swift is the powerful, flexible, multiplatform programming language. ## Fast. Expressive. Safe. Install Tools for Linux, macOS, and Windows ## Create using Swift Swift is the only language that scales from embedded devices and kernels to apps and cloud infrastructure. It’s simple, and expressive, with incredible performance and safety. And it has unmatched interoperability with C and C++. It's the combination of approachability, speed, safety, and all of Swift’s strengths that make it so unique. ### Fast Build with speed and performance. Swift meets the most performance-critical needs, while allowing your code to remain expressive and approachable. Swift compiles directly to native code and provides predictable memory management. [...] ``` let transform = Affine2DTransformBuilder(). translate([10.0,20.0]. span). rotate(30.0). build() let v =[11.0,22.0,1.0]// Call C functions safely with Swift types let u = mat_vec_mul(transform, rowCount, colCount, v. span, allocator) let uMagnitude = vec_mag(u. span) ``` ### Interoperable Adopt in existing code incrementally. Swift provides unmatched interoperability with its combination of natively understanding C and C++ types without the need for foreign function interfaces, and by providing bridging for bi-directional access. Swift’s interoperability features allow you to incrementally adopt the language into existing codebases without requiring a full code rewrite. [...] ``` // Vectorized check that a utf8 buffer is all ASCII func isASCII(utf8: Span< SIMD16< UInt8>>) -> Bool{// combine all the code units into a single entry utf8. indices. reduce(into: SIMD16()){// fold each set of code units into the result $0|= utf8[$1]}// check that every entry is in the ASCII range. max()< 0x80} ``` ### Expressive Concise code. Powerful results. Swift empowers you to write advanced code in a concise, readable syntax that even a beginner can understand. Swift supports object-oriented, functional, and generic programming patterns that experienced developers are familiar with. Its progressive disclosure allows you to pick up the language quickly, taking advantage of power-user features as you need them.

  • Swift - Apple Developer

    Explore Swift and Java interoperability # Swift Swift is a powerful and intuitive programming language for all Apple platforms. It’s easy to get started using Swift, with a concise-yet-expressive syntax and modern features you’ll love. Swift code is safe by design and produces software that runs lightning fast. ## Get to know Swift Expressive ### Concise code, powerful results Fast ### Optimized for Apple platforms Safe ### Straightforward safety Adaptable ### From microcontrollers to servers Interoperable ### Bring Swift to your existing projects ### Discover what’s new in Swift Dive into the latest key features and capabilities of the Swift language. ### New to Swift? [...] View in English ### Concise code, powerful results With an expressive, easy-to-read syntax, Swift empowers new developers to quickly understand core programming concepts. And with resources like the Develop in Swift Tutorials, Swift Coding Clubs, and Swift Playground, it’s never been easier to get started with Swift as your first programming language. Learn more about Swift education resources from Apple Experienced developers can also quickly dive in and take advantage of the power and safety of Swift, with the comfort of familiar modern features used in other programming languages. Declare new types with modern, straightforward syntax, provide default values for instance properties, and define custom initializers. [...] Explore and download resources ## Explore more Explore frameworks, tools, and programs – all built for developing with Swift. Swift SwiftData Swift Testing Swift Charts Swift Playground Swift is developed in the open. To learn more about the open-source Swift project and community, visit Swift.org.

Location Data

Swift County, Minnesota, United States

administrative

Coordinates: 45.2797223, -95.6898654

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