← Back to glossary Category: Financiar Automated bank statement Quick answer: Pulling the bank statement into the system automatically via open banking, instead of downloading it manually from each bank portal. Key takeawaysEliminates manual downloads from each bank and currency.Reduces delays: receipts are visible same-day, not at month-end close.Standardizes data regardless of each bank's format. What it means An automated bank statement is the daily (or intraday) retrieval of account movements directly through the bank's API, without manually downloading and uploading files. The statement lands in the system up to date and triggers reconciliation. Why it matters Eliminates manual downloads from each bank and currency. Reduces delays: receipts are visible same-day, not at month-end close. Standardizes data regardless of each bank's format. All the company's banks Azuvio connects to all of the company's Romanian banks and pulls statements automatically — one place for all accounts and currencies, even across 5-6 different banks. Relation to Azuvio Automatically retrieved statements are normalized and fed straight into Azuvio's reconciliation engine, which links each line to its invoice. File import (MT940/CAMT.053) can remain as a fallback. Frequently askedDo I still need to download bank files?No, with open banking statements arrive automatically. File import (MT940/CAMT.053/CSV) stays available as an alternative. Where Azuvio fitsReconciliere bancară automatăConformitate fiscală ANAFSoftware OMSConectori ERP Related termsOpen Banking — The standard letting authorized third-party apps securely connect, with the company's consent, to bank accounts to read statements and initiate payments — the basis of automated reconciliation.Bank reconciliation — Matching each bank-statement transaction to its invoice, order or payment — automated through open banking.MT940 and CAMT.053 — The standard electronic bank-statement formats: MT940 (SWIFT text) and CAMT.053 (ISO 20022 XML) — used for import and reconciliation.PSD2 (Payment Services Directive 2) — The EU directive requiring banks to open secure API access to accounts for authorized providers — the legal foundation of open banking. Last updated: 2026-07-06