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The International Organization for Standardization (ISO) is an independent, non-governmental organization, headquartered in Geneva, Switzerland. Since the beginning in 1947, the organization published over 19 500 International Standards covering almost all aspects of manufacturing and technology. One of these Standards is ISO 9362 (also known as BIC Code / SWIFT Code) approved in 1994 by International Organization for Standardization, Like a standard format of Business Identifier Codes (BIC). It is a unique code for identification of financial and non-financial institutions. These identification codes are needed when transferring money between banks, usually for international wire transfer, and for the exchange of messages between banks.
The Swift acronym stands for The Society for Worldwide Interbank Financial Telecommunication (SWIFT). SWIFT was founded in 1973 and headquartered in Brussels, Belgium. SWIFT establish standards for shared data processing system, financial transactions and worldwide communications network. SWIFT provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a standardized, secure and reliable environmental. SWIFT cooperates with international organizations for defining standards for message format and content. SWIFT has two roles with respect to the ISO 9362 standard. As a network provider, SWIFT uses BIC codes in the network services (SWIFTNet and SWIFTNet FIN) that it offers. SWIFT also acts as Registration Authority (RA) for the standard, and is responsible for its implementation. The SWIFT network is run from three data centers, one in United Station, second one in the Netherlands, and third in Switzerland. These centers share information in near real-time. Users of the SWIFT network use BIC Codes as the address for messaging and as an identifier within SWIFT messages sent over the network. SWIFT sends payment orders, which must be settled by correspondent accounts that the institutions have with each other.

Business Entity Identifier (BEI) may also be known as a BIC Code / SWIFT Code, when assigned to a non-financial institution.

Find information about the BIC Code / SWIFT Code of worldwide in our site by setting your requirements for the BIC Code, Swift Code, Financial institution, City or Country as you enter it in the search box.