The Society for Worldwide Interbank Financial Telecommunication ( SWIFT ), legally S.W.I.F.T. SCRL, is a Belgian cooperative society that serves as an intermediary and executor of financial transactions between banks worldwide.What does Swift stand for in banking?
What does SWIFT stand for? SWIFT is an acronym for "Society for Worldwide Interbank Financial Telecommunication". It is a network for sending money electronically, which was founded in 1973.