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oapen-20.500.12657-318902021-04-30T10:15:18Z The Society for Worldwide Interbank Financial Telecommunication (SWIFT) Scott, Susan V. Zachariadis, Markos cooperative governance standards network innovation swift International Organization for Standardization Society for Worldwide Interbank Financial Telecommunication bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance::KFFK Banking bic Book Industry Communication::U Computing & information technology This book traces the history and development of a mutual organization in the financial sector called SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Over the last 40 years, SWIFT has served the financial services sector as proprietary communications platform, provider of products and services, standards developer, and conference organizer (Sibos). Founded to create efficiencies by replacing telegram and telex (or “wires”) for international payments, SWIFT now forms a core part of the financial services infrastructure. It is widely regarded as the most secure trusted third-party network in the world serving 212 countries and over 10,000 banking organizations, securities institutions, and corporate customers. Through every phase of its development, SWIFT has maintained the status of industry cooperative, thus presenting an opportunity to study broader themes of globalization and governance in the financial services sector. In this book the authors focus on how the design and current state of SWIFT were influenced by its historical origins, presenting a comprehensive account in a succinct form which provides an informative guide to the history, structure, activities, and future challenges of this key international organization. This work will be of great interest to students and scholars in a wide range of fields including IPE, comparative political economy, international economics, business studies, and business history. 2017-12-31 23:55:55 2019-11-28 16:14:39 2020-04-01T13:52:26Z 2020-04-01T13:52:26Z 2014 book 623230 OCN: 865063094 http://library.oapen.org/handle/20.500.12657/31890 eng Routledge Global Institutions Series application/pdf n/a 623230.pdf Taylor & Francis Routledge 10.4324/9781315849324 10.4324/9781315849324 7b3c7b10-5b1e-40b3-860e-c6dd5197f0bb Routledge 192 open access
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This book traces the history and development of a mutual organization in the financial sector called SWIFT, the Society for Worldwide Interbank Financial
Telecommunication. Over the last 40 years, SWIFT has served the financial services
sector as proprietary communications platform, provider of products and services,
standards developer, and conference organizer (Sibos). Founded to create efficiencies
by replacing telegram and telex (or “wires”) for international payments, SWIFT now
forms a core part of the financial services infrastructure. It is widely regarded as the
most secure trusted third-party network in the world serving 212 countries and over
10,000 banking organizations, securities institutions, and corporate customers.
Through every phase of its development, SWIFT has maintained the status of industry
cooperative, thus presenting an opportunity to study broader themes of globalization
and governance in the financial services sector.
In this book the authors focus on how the design and current state of SWIFT were
influenced by its historical origins, presenting a comprehensive account in a succinct
form which provides an informative guide to the history, structure, activities, and
future challenges of this key international organization.
This work will be of great interest to students and scholars in a wide range of
fields including IPE, comparative political economy, international economics, business
studies, and business history.
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