Society for Worldwide Interbank Financial Telecommunications SWIFT

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Definition of 'Society for Worldwide Interbank Financial Telecommunications SWIFT'

SWIFT is the acronym for the Society for Worldwide Interbank Financial Telecommunications

SWIFT is a member-owned cooperative through which the financial world conducts its business operations. Over 8,300 banking organizations, securities institutions and corporate customers in more than 208 countries use SWIFT every day to exchange millions of standardized financial messages.

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