Central Banking

Is Swift living in the past?

This recent article from The Banker asks whether Swift is destined to become a relic of a bygone age, or if it can move into the modern era after its launch three decades ago.

"You need to be older than 50 to remember the pre-Swift era in banking," it says. "But as with every piece of infrastructure, the Swift network faces challenges from technological change."

"The arrival of the internet, as well as the services offered by advanced telecoms companies, means that if bankers were building Swift

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