SWIFT - aka the Society for Worldwide Interbank Financial Telecommunication - provides a messaging service that financial institutions use to move money around the world. The service is widely used but is slow because, as explained by ANZ Bank, SWIFT "doesn't actually move the money." "This means the instruction to pay and the movement of funds happen separately, often requiring a complex network of accounts and correspondent banks to enable a payment to be processed.
The Department of Defense is advancing efforts to streamline software certification through its new Software Fast-Track process (SWIFT), aiming to accelerate adoption while ensuring security.