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Achieving Treasury Visibility by Leveraging SWIFT |
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GTNews, November 2008 - Companies of all sizes and across a multitude of industries are increasingly focusing their attention and evaluating SWIFT. SWIFT, the Society for Worldwide Interbank Financial Telecommunication is a member-owned cooperative through which the financial world conducts its operations. Headquartered in Belgium and founded in 1973, the organization provides a proprietary communications platform and services allowing its customers to connect and exchange financial information. SWIFT is solely a “carrier of messages” and transports messages between two financial institutions; it does not hold funds nor manage accounts.
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