Follow RT for news on the SWIFT – the Society for Worldwide Interbank Financial Telecommunication. SWIFT is a network that allows financial institutions all over the world to send and receive data about financial transactions in a secure, standardized and reliable environment. Find the news on RT about the foundation and development of SWIFT. It was founded in 1973 and is headquartered in La Hulpe, Belgium. Check out RT.com for news on the key people in SWIFT – Chairman Yawar Shah and CEO Gottfried Leibbrandt. Get the news from RT on the other activities of in which SWIFT participates. It sells software and services to various financial institutions. Don’t miss news from RT about the latest controversies regarding SWIFT’s work. Europe has started working on alternatives to SWIFT and IMF. Nations such as Germany claims it wants to have independence from the US and set up a system that enables Brussels to be independent in its financial operations from Washington.