ISO 20022 XML CAMT.053 Account Statement support

Dear all,
We are in the process of changing our electronic banking interface from EDIFACT to ISO 20022 XML, However I have not been able to find any usefull information on support of camt.053 message (Currently we are receiving EDIFACT FINSTA and SWIFT MT940). Does anyone know if SAP intends support of this format equally to MT940 / Multicash, or have experience with CAMT.053 and would like to share what approach has been applied. My initial idea would be convert camt.053 to a supported format e.g. MT940 or MultiCash.
Brgds T. Kofoed

Hi Torben
Most probably there will be never ONE CAMT.053 - most of the banks will have their own flavor.
There will be as well some national and regional differences.
CGI ISO20022 want's to develop global standards for PAIN.001 and CAMT.053. As far as I know the CGI standards comprises of +/- 860 mandatory tags and +/- 120 optional tags.
And I already bet today that the +/-120 optional tags will be used heavily!
There are various options you can go for:
1. develop and defin jointly together with all your corporate banks your specfic CAMT.053 standard
--> time consuming! And what happens if you have to change banks?
2. use each banks CAMT.053
--> do all your banks support CAMT.053 today?! Do they provide you with all the information you need for reconciliation?
3. use a service provide and SAP partner like us, which can convert / map all the various bank statements (MT940, CAMT.053, FINSTA, BAI etc.) to one (your) bank account statement format.
Please let me know if you want to discuss further.
You can drop me an E-Mail to [email protected]
Best regards
Christoph

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