What Happened?
New York, NY-based Society for Worldwide Interbank Financial Telecommunication has Appointed Craig Young as Chief Technology Officer
About the Company
SWIFT is a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. More than 10,500 financial institutions and corporations in 215 countries trust us every day to exchange millions of standardised financial messages. This activity involves the secure exchange of proprietary data while ensuring its confidentiality and integrity. Our role is two-fold. We provide the proprietary communications platform, products and services that allow our customers to connect and exchange financial information securely and reliably. We also act as the catalyst that brings the financial community together to work collaboratively to shape market practice, define standards and consider solutions to issues of mutual interest. SWIFT enables its customers to automate and standardise financial transactions, thereby lowering costs, reducing operational risk and eliminating inefficiencies from their operations. By using SWIFT customers can also create new business opportunities and revenue streams. SWIFT has its headquarters in Belgium and has offices in the world`s major financial centres and developing markets. SWIFT does not hold funds nor does it manage accounts on behalf of customers, nor does it store financial information on an on-going basis.
About the Person
Craig Young, who will take up his position on February 1, joins SWIFT from Verizon Communications in New Jersey. Young spent over 20 years at Verizon, rising to his most recent position as Senior Vice President and Chief Information Officer in 2013. A senior technology leader who has a proven track record of delivery at significant size and scale, Young has managed teams in excess of 3,000 employees over the course of his career across globally dispersed locations.
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