The Society For Worldwide Interbank Financial Telecommunication (swift): Cooperative Governance For Network Innovation, Standards, And Community (global Institutions)
by Susan V. Scott /
2013 / English / PDF
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A PDF version of this book is available for free in open access
via www.tandfebooks.com as well as the OAPEN Library platform,
www.oapen.org. It has been made available under a Creative
Commons Attribution-Non Commercial-No Derivatives 3.0 license and
is part of the OAPEN-UK research project.
A PDF version of this book is available for free in open access
via www.tandfebooks.com as well as the OAPEN Library platform,
www.oapen.org. It has been made available under a Creative
Commons Attribution-Non Commercial-No Derivatives 3.0 license and
is part of the OAPEN-UK research project.
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 forty 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.
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 forty 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 was 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.
In this book the authors focus on how the design and current
state of SWIFT was 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.
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.
