SWIFT

Type: Financial Messaging Network

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About SWIFT

Founded	1973
Headquarters	La Hulpe, Belgium
Market share	SWIFT dominates the global financial messaging market, facilitating the majority of international payments.
Major competitors	Ripple Western Union MoneyGram TransferWise
Notable partnerships	Collaboration with major banks like HSBC, JPMorgan Chase, and Citibank. Partnerships with fintech firms to innovate payment solutions. Engagement with central banks for digital currency initiatives.
Recent developments	Launch of SWIFT gpi for faster cross-border payments. Partnerships with fintech companies to enhance service offerings. Initiatives to integrate with central bank digital currencies (CBDCs).
Regulations	SWIFT adheres to international financial regulations and collaborates with regulatory bodies to ensure compliance.
Security	Unknown
Official website	https://www.swift.com