Projects per year
Abstract
This thesis examines the impacts of technical and organizational change on the geographies of finance via infrastructure for cross-border payments, employing a qualitative methodology of semi-structured expert interviews. The study finds that SWIFT’s messaging system together with the correspondent banking system, a decentralized global network of bilateral contracts between banks, remain a geographically and historically foundational sociotechnical infrastructure connecting IFCs. To stave off fintech challengers and preserve banks’ incumbency, SWIFT’s system is platformizing with the aim of changing banks’ business models from fee-extraction towards economic use of transaction data. Collaborative action in bringing about change across a global network is a key finance industry agency for maintaining its collective dominance. SWIFT’s cooperative organizational form is a significant locus for this agency, engendering trust as a relational aspect of power to resolve tensions among actors and processes across scales. Specialized infrastructure is instrumental in how the geographies of finance are (re)shaped.
Original language | English |
---|---|
Qualification | Doctor in Geography |
Awarding Institution |
|
Supervisors/Advisors |
|
Award date | 6 Jun 2023 |
Place of Publication | Ghent |
Publisher | |
Publication status | Published - 6 Jun 2023 |
Bibliographical note
Convention INTERThis research is part of the FINWEBS project (INTER/FWO/16/11312037/FinWebs), which is funded by the Flanders Fonds Wetenschappelijk Onderzoek (FWO) and the Luxembourg Fonds National de la Recherche (FNR).
Keywords
- financial geography
- financial infrastructure
- SWIFT
- correspondent banking
- cross-border payments
Projects
- 1 Finished
-
FINWEBS: Stabilising an unstable industry: The role of agency in interconnecting international financial centers
Dörry, S. (PI), Robinson, G. (CoI) & Derudder, B. (Host Institution)
Luxembourg Institute of Socio-Economic Research (LISER), Fonds National de la Recherche Luxembourg
1/09/17 → 31/12/22
Project: Research
Research output
- 1 Article
-
Preserving the obligatory passage point: SWIFT and the partial platformisation of global payments
Robinson, G., Dörry, S. & Derudder, B., May 2024, In: Geoforum. 151, 104007.Research output: Contribution to journal › Article › peer-review