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About SWIFT

World Transformation System

Society for Worldwide Interbank Financial Telecommunication (swift) is a global organization, its center is in Belgium and most of the world's banks participate in its membership, its portions are owned by international banks and financial institutions that are members of it and the number of participating banks is currently more than 4000 banks that exchange more than two million messages per day. This network covers more than (110) countries in the world and works 24 hours a day. The goal of the organization is to secure communications between members in a fast, accurate, and securely documented manner. In order to achieve the goal of operating the Swift system, a main center has been established in Belgium, equipped with special servers, along with specialized computers provided to member banks. A specific code (swift code) has been set for each of the banks and members.