Nasty gremlins are slowing down the switch to SWIFT II from the hugely successful SWIFT 1. By Tony Shale
The tardiness of SWIFT is upsetting its banker members, giving malicious delight to its competitors and increasing the misgivings of those who have been wondering whether to join.
Before members of SWIFT (the Society for Worldwide Interbank Financial Telecommunication) met in Nice for this year’s conference, the chairman, Robert Moore, announced yet another postponement for the long-awaited new system, SWIFT 11.
Originally told to expect SWIFT 11 in December 1985, the bankers learned at last year’s annual conference that it should be working in the second half of 1986.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
