Editing SWIFT (section)

{{Short description|Financial telecommunication network}}
{{Other uses||Swift (disambiguation)}}
{{Use Oxford spelling|date=November 2022}}
{{Use dmy dates|date=May 2020}}
{{Infobox company
| name = S.W.I.F.T. SC
| logo = SWIFT 2023 logo.svg
| type = [[Cooperative society]]<ref>{{cite web |title=CBE Public Search |url=https://kbopub.economie.fgov.be/kbopub/toonondernemingps.html?lang=en&ondernemingsnummer=413330856 |website=kbopub.economie.fgov.be |publisher=FPS Economy, SMEs, Self-Employed and Energy |access-date=27 February 2022}}</ref>
| key_people = {{ubl|Javier Perez-Tasso (CEO)|Graeme Munro (Board Chair)}} 
| slogan = 
| foundation = {{start date and age|1973|5|3|df=y}}
| location = [[La Hulpe]], Belgium<br/>{{Coord|50|44|04|N|4|28|43|E|type:landmark_region:BE-WBR_source:kolossus-frwiki|display=title,inline}}
| num_employees = >3000
| industry = Telecommunications
| products = [[SWIFT message types|Financial telecommunication]]
| homepage = {{official URL}}
}}
{{Banking |transfer}}
The '''Society for Worldwide Interbank Financial Telecommunication''' ('''SWIFT'''), legally '''S.W.I.F.T. SC''', is a [[cooperative]] established in 1973 in [[Belgium]] ({{langx|fr|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.<ref name=ScottZachariadis>{{Cite book |last1=Scott |first1=Susan V. |url=https://www.taylorfrancis.com/books/oa-mono/10.4324/9781315849324/society-worldwide-interbank-financial-telecommunication-swift-susan-scott-markos-zachariadis |title=The Society for Worldwide Interbank Financial Telecommunication (Swift) : cooperative governance for network innovation, standards, and community |last2=Zachariadis |first2=Markos |publisher=[[Routledge]] |year=2014 |isbn=978-1-317-90952-1 |location=New York, NY |pages=1, 35 |doi=10.4324/9781315849324 |oclc=862930816}}</ref> 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,<ref name=":0">{{Cite web |last=Arnold |first=Martin |date=6 June 2018 |title=Ripple and Swift slug it out over cross-border payments |url=https://www.ft.com/content/631af8cc-47cc-11e8-8c77-ff51caedcde6 |url-status=live |archive-url=https://web.archive.org/web/20190927142951/https://www.ft.com/content/631af8cc-47cc-11e8-8c77-ff51caedcde6 |archive-date=27 September 2019 |access-date=28 October 2019 |website=[[Financial Times]]}}</ref> 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&nbsp;million messages per day (compared to an average of 2.4&nbsp;million daily messages in 1995).<ref>{{Cite web |date=9 March 2010 |title=Swift Company Information |url=http://www.swift.com/about_swift/company_information/index.page?lang=en |access-date=7 December 2016 |publisher=SWIFT |archive-date=22 December 2008 |archive-url=https://web.archive.org/web/20081222103757/http://www.swift.com/about_swift/company_information/index.page?lang=en |url-status=dead }}</ref>

Swift is headquartered in [[La Hulpe]] near [[Brussels]]. It hosts an annual conference, called [[Sibos (conference)|Sibos]], specifically aimed at the [[financial services]] industry.