The (MT940) Bank Statement Conversion Challenge

February 9, 2016
Maaike Standaert

What is an MT940?
An MT940 is a standard structured SWIFT Customer Statement message and it is the European standard for transferring financial transactions. In short, it is a standard electronic bank account statement which has been developed by SWIFT. It is an end of day statement file which details all entries booked to an account.

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