← Back to glossary Category: Financiar · Acronym: MT940/CAMT.053 MT940 and CAMT.053 Quick answer: The standard electronic bank-statement formats: MT940 (SWIFT text) and CAMT.053 (ISO 20022 XML) — used for import and reconciliation. Key takeawaysMT940 — the classic SWIFT bank-statement format, a structured text file with balances and transactions.CAMT.053 — the account statement in the modern ISO 20022 standard (XML), richer in detail (references, counterparty, transaction codes). What they are MT940 — the classic SWIFT bank-statement format, a structured text file with balances and transactions. CAMT.053 — the account statement in the modern ISO 20022 standard (XML), richer in detail (references, counterparty, transaction codes). Why they matter These formats let you import statements into any accounting or reconciliation system, regardless of bank. CAMT.053 is becoming preferred because it keeps more information useful for automatic matching. Import vs open banking MT940/CAMT.053 files remain a manual step (download, upload). Open banking brings the same data automatically via API. Ideally, use open banking as the main flow and MT940/CAMT.053 as fallback. Relation to Azuvio Azuvio accepts MT940 and CAMT.053 import for banks where you don't use open banking, normalizes the data and runs it through the same reconciliation engine as auto-pulled statements. Frequently askedWhich is better, MT940 or CAMT.053?CAMT.053 (ISO 20022, XML) is richer and preferred for automatic reconciliation as it keeps more references. MT940 remains widely supported. Where Azuvio fitsReconciliere bancară automatăConformitate fiscală ANAFSoftware OMSConectori ERP Related termsAutomated bank statement — Pulling the bank statement into the system automatically via open banking, instead of downloading it manually from each bank portal.Bank reconciliation — Matching each bank-statement transaction to its invoice, order or payment — automated through open banking.Open 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. Last updated: 2026-07-06