Ripple CEO Bradley Garlinghouse stated several times publicly in 2019 that the SWIFT system of money transfer was out of date in his opinion.
According to him, only approximately 6% of SWIFT transactions can be completed without the involvement of human operators.
Furthermore, they are more expensive and take much longer than blockchain-based payments, such as those provided by Ripple.
Garlignhouse stated in the same year that collaboration with SWIFT was still a possibility. The traditional money-transfer business, on the other hand, selected the R3 blockchain technology.
https://mycryptoparadise.com/swift-explores-the-market-targeted-by-ripple/