SWIFT Banking System

A global messaging network for secure international financial transactions.

What is the SWIFT Banking System?

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a secure messaging network used by financial institutions to process cross-border payments.

SWIFT ensures seamless global financial communication.

Key features of the SWIFT system include:

  • Unique SWIFT codes for each bank worldwide
  • Secure messaging for international transactions
  • Integration with banking and payment networks

    • SWIFT is widely used for wire transfers, forex transactions, and corporate banking.

    Related terms
    ABA Routing NumberACH PaymentSubscription CohortsData EncryptionOnboarding Flow
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