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| Author: | Murphy, P. |
| Title: | Banking tomorrow : not so SWIFT off the mark. |
| Journal: | Banker
1988 : DEC, VOL. 138:754, p. 55-57 |
| Index terms: | ELECTRONIC FUNDS TRANSFER SYSTEMS INTERNATIONAL BANKS TELECOMMUNICATION |
| Language: | eng |
| Abstract: | Review of the fortunes of the plan of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) to develop a new core system - SWIFT II - for international funds transfer and message processing. The diminishing returns on the investment. The two basic SWIFT II shortcomings. Over-estimation of its abilities to fulfil the software project on time. Three years overdue. Cost of SWIFT II development. Prospects of Siona project. |
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