What does SWIFT stand for financial?

A. Security for Worldwide International Financial Telecommunication
B. Society for Worldwide Interbank Financial Telecommunication
C. Service the Worldwide Interbank Financial Telecommunication
D. None of these

Submitted by: Areesha Khan

SWIFT, formally known as the Society for Worldwide Interbank Financial Telecommunication, is a messaging system for banks and other financial institutions around the world.

SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, is a messaging system that allows banks around the globe to securely and quickly communicate about cross-border payments. It is widely used. There are about 11,000 member banks in 200 countries and territories that use SWIFT.

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