← Back to glossary Open banking & reconciliation — statements from every bank, term by termEvery receipt-reconciliation term: open banking, PSD2, AIS/PIS, bank reconciliation, automated statement, MT940/CAMT.053, automated lettering — with definitions, examples and software links. What this cluster covers Receipt reconciliation starts with access to the bank statement: open banking and PSD2 (the AIS/PIS services) pull statements automatically, while bank reconciliation and automated lettering link each receipt to its invoice. The terms below explain each piece with real examples. Azuvio automatically pulls statements from every bank in Romania and turns reconciliation into a by-product of the process — not a monthly chore of downloading files and pasting payments into Excel. 7 terms in this cluster 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. 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. AIS and PIS — The two PSD2 open-banking services: AIS (account information / statements) and PIS (payment initiation) — used for reconciliation and automated payments. Bank reconciliation — Matching each bank-statement transaction to its invoice, order or payment — automated through open banking. Automated bank statement — Pulling the bank statement into the system automatically via open banking, instead of downloading it manually from each bank portal. MT940 and CAMT.053 — The standard electronic bank-statement formats: MT940 (SWIFT text) and CAMT.053 (ISO 20022 XML) — used for import and reconciliation. Automated lettering (receipt matching) — Automatically matching each receipt to the invoice it settles, including partial and bulk payments, based on amount, reference and tolerance rules. Where Azuvio fitsReconciliere bancară automatăConformitate fiscală ANAFSoftware OMSConectori ERP