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.
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.