CryptoAce
Thu Oct 03 2024
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5 answers
1083
Is SWIFT a payment scheme?
Excuse me, but could you please clarify for me whether SWIFT is indeed considered a payment scheme? I've heard it mentioned in relation to international banking transactions, but I'm not entirely sure if it falls under the category of a payment scheme as we typically understand it. Could you elaborate on SWIFT's role and function in the context of financial transactions, and if it indeed serves as a means of payment between parties? Thank you for your time and clarification.
Lorenzo
Thu Oct 03 2024
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5 answers
724
Why do people use Swift?
Why is it that so many individuals and businesses opt to use Swift for their international financial transactions? Could it be due to the fact that Swift provides a secure and reliable network for transferring funds across borders? Or is it the streamlined process that allows for faster transaction times? Additionally, does the ability to track and trace transactions in real-time play a significant role in its popularity? Perhaps it's a combination of these factors and more. Could you elaborate on the benefits of using Swift and why it has become the go-to choice for many in the finance industry?
GwanghwamunGuardian
Thu Oct 03 2024
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5 answers
1122
What is swift bridging?
I don't understand this question. Could you please assist me in answering it?
Martino
Wed Oct 02 2024
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6 answers
1286
How do I get money from SWIFT?
Excuse me, could you please elaborate on how one would typically go about obtaining funds through SWIFT? I'm curious to understand the process from start to finish, including any necessary steps, such as setting up an account or complying with specific regulations. Also, are there any limitations or restrictions that individuals or businesses should be aware of when using SWIFT for financial transactions? I'd greatly appreciate any insight you can provide on this matter.
Eleonora
Wed Oct 02 2024
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5 answers
832
Why is SWIFT moving to ISO 20022?
Why is SWIFT making the transition to ISO 20022? Is there a pressing need for this shift, or is it simply a matter of keeping up with industry standards? What advantages does ISO 20022 offer over the current system that SWIFT is utilizing? How will this change impact the way financial transactions are processed and managed globally? And finally, what steps is SWIFT taking to ensure a smooth and successful transition to ISO 20022?
