The Society for Worldwide Interbank Financial Telecommunication (SWIFT)

This book traces the history and development of a mutual organization in the financial sector called SWIFT, the Society for Worldwide Interbank Financialelecommunication. Over the last 40 years, SWIFT has served the financial servicesector as proprietary communications platform, provider of products...

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Main Author: V Scott, Suzan
Other Authors: Zachariadis, Markos
Format: eBook
Language:English
Published: Routledge 2014
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Collection: OAPEN - Collection details see MPG.ReNa
Summary:This book traces the history and development of a mutual organization in the financial sector called SWIFT, the Society for Worldwide Interbank Financialelecommunication. Over the last 40 years, SWIFT has served the financial servicesector as proprietary communications platform, provider of products and services,tandards developer, and conference organizer (Sibos). Founded to create efficienciesy replacing telegram and telex (or “wires”) for international payments, SWIFT noworms a core part of the financial services infrastructure. It is widely regarded as theost secure trusted third-party network in the world serving 212 countries and over0,000 banking organizations, securities institutions, and corporate customers.hrough every phase of its development, SWIFT has maintained the status of industryooperative, thus presenting an opportunity to study broader themes of globalizationnd governance in the financial services sector.n this book the authors focus on how the design and current state of SWIFT werenfluenced by its historical origins, presenting a comprehensive account in a succinctorm which provides an informative guide to the history, structure, activities, anduture challenges of this key international organization.his work will be of great interest to students and scholars in a wide range ofields including IPE, comparative political economy, international economics, businesstudies, and business history.
Physical Description:192
ISBN:9780415631648