SWIFT

1. Short for Society for Worldwide Interbank Financial Telecommunication, SWIFT is a financial industry-owned cooperative that supplies secure, standardized messaging services and interface software to 7,800 financial institutions in more than 200 countries. SWIFT s global community includes banks, brokers/dealers, and investment managers, as well as their market infrastructures in payment processing, security, treasury, and trade.

2. Swift also refers to the programming language created by Apple, Inc. for iOS, MacOS, watchOS, tvOS, and Linux platforms. Initially released in 2014 as a proprietary language, Swift and its supporting libraries were published the next year under the Apache 2.0 open source license. A rapid succession of code updates brought Swift into the mainstream, surpassing Objective-C and rising in popularity among the ranks of Python, Rust, and JavaScript.

Swift was introduced to address some of the long-standing challenges of Objective-C programming:

  • Safety: Swift utilizes a concise syntax that is easy to read and write. It also has rapid error-handling so programmers can make updates as they work and deploy higher quality code with minimal bugs.
  • Efficiency: As the name suggests, Swift s simplicity enables developers to program an operation more quickly and with fewer lines of code than they would with other languages.
  • Size: Unlike Objective-C, Swift supports dynamic libraries, which require less memory and offer faster load times than their static counterparts.

Vangie Beal
Vangie Beal
Vangie Beal is a freelance business and technology writer covering Internet technologies and online business since the late '90s.

Related Articles

Human Resources Management System

A Human Resources Management System (HRMS) is a software application that supports many functions of a company's Human Resources department, including benefits administration, payroll,...

How To Defend Yourself Against Identity Theft

Almost every worldwide government agency responsible for identity theft issues will tell you the same thing: The first step to fighting identity theft is...

Infographic

An infographic is a visual representation of information or data. It combines the words information and graphic and includes a collection of imagery, charts,...

Phishing

What is phishing? Phishing is a type of cybercrime in which victims are contacted by email, telephone, or text message by an attacker posing as...

ScalaHosting

ScalaHosting is a leading managed hosting provider that offers secure, scalable, and affordable...

HRIS

Human resources information system (HRIS) solutions help businesses manage multiple facets of their...

Best Managed Service Providers...

In today's business world, managed services are more critical than ever. They can...