What is the Swift Network?

What is the Swift Network?

Based in Brussels and founded in 1973, Swift is one of the most important networks of financial and banking messaging services. It takes the form of a cooperative of banks, covering over 200 countries and more than 11,000 financial establishments. It allows banks to communicate with one another across international borders in a secure, automated and rapid way.

Why is it making headlines at the moment? Is it really a viable option though? How has Russia reacted to the decision? In under 3 minutes, we answer your questions!

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A podcast written and realised by Joseph Chance.

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