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.
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