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Home > Company Index > Financial Services > Services to Financial Companies > Society for Worldwide Interbank Financial Telecommunication

Society for Worldwide Interbank Financial Telecommunication
 NEWS FROM THE STANDARD
Global B-to-B Venture to Launch in Japan
May 30 2000 07:17 AM PDT

 PROFILE
When banks and brokers zap payment messages from Albania to Yemen, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) gets the job done. Founded in 1973 by 239 banks in 15 countries, the company now provides messaging and transaction processing services to more than 7,000 financial organizations in almost 200 countries, including brokers, securities depositories, clearing organizations, and stock exchanges worldwide. Products and services include SWIFTNet and FIN (message and transaction processing), SWIFTAlliance (interface product), SWIFTStandards (end-to-end communications standards), and SWIFTInfo (information service). SWIFT conveys more than 1 billion messages a year.

 COMPETITION
Fiserv, Inc. (FISV)
National Processing, Inc. (NAP)
Ross Systems, Inc. (ROSS)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 428.70
1-Yr. Sales Growth: (1.3)%
Employees: 1,367
Revenue per employee: $313,606.44

 KEY PEOPLE
• Leonard H. Schrank
    CEO
• Francis Vanbever
    CFO

 CONTACT INFO
Avenue Adele 1
B-1310 La Hulpe, Belgium
Phone: 32-2-655-3111
Fax: 32-2-655-3226
Online: Web Site

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