New account turnover format camt.053

From November 2025 there will be a change in the format of sales reports: the previously used MT940 format will be replaced by the CAMT format camt.053 be replaced and become the standard for electronic sales information and account statements. That has the German credit industry announced in coordination with the legal profession and the banks. CAMT stands for "cash management" and the resulting bank statement files are provided in an XML format. CAMT messages offer the advantages of a more complete and better structured information transport as well as a level of automation of 90%. Accordingly, it promises significant time savings and a more efficient avoidance of typos or transposed digits.

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Open items can be cleared automatically and you get an overview of all payment transactions. In addition, every employee saves valuable time by eliminating manual data maintenance. Of course, our solution supports both the previously used SWIFT MT940 format and the future camt.053 format.

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