Theoretically for payment fulfilment in Europe it is enough to know a SWIFT code of a bank and IBAN code of the addressee. Way to the further perfection and decrease in expenses Advantages of SWIFTNet FIN. Advantages of SWIFTNet FIN. Connection details to the head financial organisation should be found out directly from the financial organisations giving similar service. There are two schemes of connection to SWIFT network: own connection and collective. It leads to simplification of an operational environment of work of the organisation and cuts expenses on the maintenance of two various technical infrastructures.