SWIFT (Society for Worldwide Interbank Financial Telecommunication) was established in 1973 by a consortium of 239 banks from 15 countries.
It began operations in 1977.
It is a global financial messaging network that provide a secure, standardised, and reliable system for international financial communication between banks.
Its headquartere in La Hulpe, Belgium.
It is a co-operative, run by and for its membership of banks, financial institutions and corporates.
SWIFT system is overseen by the central banks of the G10 countries, European Central Bank, and National Bank of Belgium.
SWIFT system does not hold or transfer assets; rather, it facilitates secure and efficient communication between member institutions. It transmits essential details such as the recipient's account information and the transfer amount.
Swift is made up of more than 11,500 members – banks, financial institutions, and large multinational corporate organisations.
PAIMANA (Project Assessment, Infrastructure Monitoring and Analytics for Nation-Building) was launched in 2025
It is a web-based digital platform for monitoring Central Sector infrastructure projects costing ₹150 crore and above.
It was developed by the Ministry of Statistics and Programme Implementation (MoSPI), through its Infrastructure & Project Monitoring Division (IPMD), with the technical/e-governance support of the National Informatics Centre (NIC).
In 2026, PAIMANA was expanded further. Performance Monitoring Dashboard, launched in 2026. It tracks infrastructure performance across major sub-sectors through a comprehensive set of indicators.
PAIMANA-CRIP was launched in 2026 as a Central Repository of Infrastructure Projects.