Global payments network
Open for applications
Global payments network
1001+ employees
Open for applications
1001+ employees
To make international transactions instant, frictionless and interoperable.
SWIFT was founded in 1973 to serve as the bedrock of the international payments system. A cooperative society which is owned by its member financial institutions, it is a vital piece of the global financial infrastructure, securely transmitting payment instructions between over 11,000 institutions in almost every country. SWIFT handles half of all international transactions, on average 40 million every day.
SWIFT's only direct competition in the traditional cross-border payments sector are bodies such as China's CIPS and Russia's SFMS. Yet, lacking the trust and membership of SWIFT these are unlikely to make serious inroads in the international payments sector.
In recent years the competitive landscape for international transfers has been disrupted by the large-scale uptake of cryptocurrency. SWIFT has not been immune, facing competition from high-speed blockchain payment networks such as Ripple. However SWIFT has moved quickly to adapt, introducing SWIFT Global Payments Innovation (gpi) to increase the speed of transactions to nearly that of its competitors but with greatly enhanced visibility. It is also researching blockchain technologies, partnering with companies like Chainlink to trial its own cross-chain protocols that will allow it to continue to thrive in the new financial landscape.
Steph
Company Specialist at Welcome to the Jungle
La Hulpe, Wallonia
Javier Perez-Tasso
(CEO, not founder)Has held numerous roles at SWIFT, becoming CEO in 2019. Prior to this, was Head of Product Manager, CMO and Chief Executive of the Americas and UK Region.
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