Concluding what was once a hot debate, the shareholders of Swift, the bank-owned global financial messaging service, voted overwhelmingly in favor of allowing limited nonbank access.

During the vote, which was held at Swift's annual meeting in Brussels, nearly 71,000 shareholders favored allowing nonbank corporations to exchange trade confirmations over Swift's network. Only 20 voted against nonbank access.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.