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Society for Worldwide Interbank Financial Telecommunication (SWIFT)

Society for Worldwide Interbank Financial Telecommunication (SWIFT)
The latest news and top stories on Society for Worldwide Interbank Financial Telecommunication (SWIFT). A prominent Belgium-based global member-owned cooperative, SWIFT is dedicated to providing a secure network for financial institutions to exchange information about transactions. Its main areas of focus include secure financial messaging, developing international standards like ISO 20022, and facilitating cross-border payments. Established in 1973, SWIFT is a crucial part of the international financial system, connecting over 11,000 institutions across more than 200 countries and territories, thereby enabling global trade.
Banking & finance

Yuan: global ambitions

Chinese President Xi Jinping wants the yuan to be a “strong currency”, with widespread use in international trade and foreign exchange markets. Achieving this goal would pare the US dollar’s global dominance and reduce risks from sanctions.

Letters | Iran war is not just a short-term energy disruption

Opinion | Welcome to a world where wars don’t end and sanctions don’t work

The age of ‘distributed multipolarity’ shows that superpowers alone can no longer dictate international affairs.

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