What is the full form of SWIFT and its meaning?

Question

Accepted Answer

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It is a messaging network used by banks to securely communicate financial transactions.

SWIFT is a global financial messaging network used by banks to send and receive information about financial transactions.
It was founded in 1973 and is headquartered in Belgium.
SWIFT assigns a unique code to each bank that uses its network, called a Bank Identifier Code (BIC).
The network is used to securely transmit information about international wire transfers, securities trades, and other financial transactions.
SWIFT messages are encrypted and authenticated to ensure the security and privacy of the information being transmitted.

What is the full form of SWIFT and its meaning?

Top BNP Paribas Associate 1 interview questions & answers

Popular interview questions of Associate 1

Top HR questions asked in BNP Paribas Associate 1