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Why Losing SWIFT Matters

Asianometry
819K subscribers
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164K views 3 years ago
The Society for Worldwide Interbank Financial Telecommunication or SWIFT provides financial messaging services to some 11,000 banks around the world. It is not a company, but rather a cooperative organization that arose to replace an outdated technology. Its powerful network has made it a crucial part of the global financial system. The Wikipedia page on this organization is quite comprehensive. So we have to go deeper. In this video, I want to write about SWIFT's unusual place in the financial world and what it means to lose access to it. Links:  …...more
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Why Losing SWIFT Matters
5.8KLikes
164,954Views
2022Mar 1
The Society for Worldwide Interbank Financial Telecommunication or SWIFT provides financial messaging services to some 11,000 banks around the world. It is not a company, but rather a cooperative organization that arose to replace an outdated technology. Its powerful network has made it a crucial part of the global financial system. The Wikipedia page on this organization is quite comprehensive. So we have to go deeper. In this video, I want to write about SWIFT's unusual place in the financial world and what it means to lose access to it. Links:

Follow along using the transcript.

Asianometry

819K subscribers