BankRec statements
BankRec utilises available transaction information to enrich bank statements. BankRec clients have access to:
- Enhanced and enriched information which enables customers to reconcile more accurately
- Expanded bulk settlements to instead show transaction detail
- Time and cost savings through reduction of exceptions handling
- Global standards enable easy consolidation and analysis of global accounts
BankRec's enriched bank statements conform to global standards, with enriched/debulked statements available via
- iLink,
- available in QuickStream as a downloadable report,
- or transmitted via the SWIFT Network.
Statement formats
BankRec produces statements in a number of standard formats.
Choosing a statement file format will be dictated primarily by your backend processing requirements. There is no "correct" statement format, but selecting various statements will have implications on implementation complexity and statement enrichment support.
- Extended CSV statement format
- ISO 20022 (CGI Version 2) camt.053.001.02
- MT940 statement format
- SAP Multicash statement format
- BAI2 statement format (limited enrichment support)
Legacy statement formats:
- BRS statement format (no enrichment support)
- Corporate Online CSV statement format (no enrichment support)
- Corporate Online CSV for Segment Accounts statement format (no enrichment support)
The file formats produced by BankRec are considered standard bank statement formats. Deviation from these formats with modifications to business rules, alternate enrichment or manipulation to transaction codes will be treated as a change request and additional fees may apply. Files of the same type, including those received from other institutions, may have minor differences.