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Topic Review
Society for Worldwide Interbank Financial Telecommunication
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT also sells software and services to financial institutions, much of it for use on the SWIFTNet network, and ISO 9362 Business Identifier Codes (BICs, previously Bank Identifier Codes), popularly known as "SWIFT codes". As of 2018, around half of all high-value cross-border payments worldwide used the SWIFT network. (As of 2015), SWIFT linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 32 million messages per day (compared to an average of 2.4 million daily messages in 1995). SWIFT transports financial messages in a highly secure way but does not hold accounts for its members and does not perform any form of clearing or settlement. SWIFT does not facilitate funds transfer: rather, it sends payment orders, which must be settled by correspondent accounts that the institutions have with each other. Each financial institution, to exchange banking transactions, must have a banking relationship by either being a bank or affiliating itself with one (or more) so as to enjoy those particular business features. SWIFT has been criticized for its inefficiency, with the Financial Times observing in 2018 that transfers frequently "pass through multiple banks before reaching their final destination, making them time-consuming, costly and lacking transparency on how much money will arrive at the other end". SWIFT has introduced its own improved service, called "Global Payments Innovation" (GPI), stating that as of 2018 it had been adopted by 165 banks, and was completing half of its payments in under 30 minutes. SWIFT is a cooperative society under Belgian law owned by its member financial institutions with offices around the world. SWIFT's headquarters are in La Hulpe, Belgium, near Brussels. The main building was designed by Ricardo Bofill Taller de Arquitectura and completed in 1989. The chairman of SWIFT is Yawar Shah, originally from Pakistan , and its CEO, since July 2019, is Javier Pérez-Tasso, originally from Spain. SWIFT hosts an annual conference, called Sibos, specifically aimed at the financial services industry. SWIFT has at various times attracted controversy for enabling the US government to monitor and in some cases interfere with intra-European transactions. (See: U.S. government involvement.)
  • 1.3K
  • 25 Oct 2022
Topic Review
Socially Assistive Robots
Socially assistive robots (SARs) have been used to help to mitigate the effects of the pandemic on older adults, including loneliness and isolation, and to alleviate the workload of both formal and informal caregivers. We identify the specific applications of SARs during the pandemic to help the older population and their caregivers. The robots all have multimodal communication abilities, and were able to perform multiple functions, including: (1) health monitoring (routinely checking vital signs and alerting healthcare professionals of any abnormalities), (2) screening of visitors (checking for masks and measuring temperature upon entering facilities), (3) social facilitation (enabling video communication between residents and families or healthcare staff), (4) activity facilitation (singing, dancing), (5) providing information and reminders for tasks (weather and food menu, scheduled activities), and (6) cognitive and physical training activities (memory games, exercises). Physical characteristics of the robots are outlined, including: height, presence of touchscreen tablet, facial recognition, natural language processing.
  • 968
  • 28 Sep 2021
Topic Review
Social Trap
In psychology, a social trap is a conflict of interest or perverse incentive where individuals or a group of people act to obtain short-term individual gains, which in the long run leads to a loss for the group as a whole. Social traps are the cause of countless environmental issues, including overfishing, energy "brownout" and "blackout" power outages during periods of extreme temperatures, the overgrazing of cattle on the Sahelian Desert, the destruction of the rainforest by logging interests and agriculture, and, most importantly, climate change.
  • 2.2K
  • 01 Dec 2022
Topic Review
Social Security Number
In the United States, a Social Security number (SSN) is a nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, codified as 42 U.S.C. § 405(c)(2). The number is issued to an individual by the Social Security Administration, an independent agency of the United States government. Although the original purpose for the number was for the Social Security Administration to track individuals, the Social Security number has become a de facto national identification number for taxation and other purposes. A Social Security number may be obtained by applying on Form SS-5, Application for a Social Security Number Card.
  • 1.2K
  • 25 Oct 2022
Topic Review
Social Robots in Special Education
In recent years, social robots have become part of a variety of human activities, especially in applications involving children, e.g., entertainment, education, companionship. The interest of this work lies in the interaction of social robots with children in the field of special education. 
  • 3.0K
  • 23 Jun 2021
Topic Review
Social Recommender Systems
Recommender systems have revolutionized the way users discover and engage with content. Moving beyond the collaborative filtering approach, most modern recommender systems leverage additional sources of information, such as context and social network data.
  • 144
  • 11 Dec 2023
Topic Review
Social Presence Theory
Social presence theory explores how the "sense of being with another" is influenced by digital interfaces in human-computer interactions. Developed from the foundations of interpersonal communication and symbolic interactionism, social presence theory was first formally introduced by John Short, Ederyn Williams, and Bruce Christie in The Social Psychology of Telecommunications. Research on social presence theory has recently developed to examine the efficacy of telecommunications media, including SNS communications. The theory notes that computer-based communication is lower in social presence than face-to-face communication, but different computer-based communications can affect the levels of social presence between communicators and receivers.
  • 5.3K
  • 02 Dec 2022
Topic Review
Social Network Sentiment Analysis
The ever-increasing amount of information and opinions available on social networks has made it imperative to develop automatic methods for effective information classification and analysis. Sentiment analysis (SA) in social networks has, therefore, become a crucial process in numerous sectors at both social and business levels. 
  • 158
  • 06 Nov 2023
Topic Review
Social Login
Social login is a form of single sign-on using existing information from a social networking service such as Facebook, Twitter or Google, to sign into a third party website instead of creating a new login account specifically for that website. It is designed to simplify logins for end users as well as provide more and more reliable demographic information to web developers.
  • 1.4K
  • 03 Nov 2022
Topic Review
Social Integration
Social integration is the process during which newcomers or minorities are incorporated into the social structure of the host society. Social integration, together with economic integration and identity integration, are three main dimensions of a newcomers' experiences in the society that is receiving them. A higher extent of social integration contributes to a closer social distance between groups and more consistent values and practices. Bringing together various ethnic groups irrespective of language, caste, creed, etc., without losing one's identity. It gives access to all areas of community life and eliminates segregation. In a broader view, social integration is a dynamic and structured process in which all members participate in dialogue to achieve and maintain peaceful social relations. Social integration does not mean forced assimilation. Social integration is focused on the need to move toward a safe, stable and just society by mending conditions of social conflict, social disintegration, social exclusion, social fragmentation, exclusion and polarization, and by expanding and strengthening conditions of social integration towards peaceful social relations of coexistence, collaboration and cohesion.
  • 7.4K
  • 08 Nov 2022
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