Hi Emeka
As far as I know, on ByD there is an add-on, which can be bought from TIS (Treasury Intelligence Solutions), which is an interface to Bank and ByD. When this integration is done, It would be possible to send the payments to TIS and TIS would send the payment to the bank in the right format. Bank Statements would also be sent to TIS by the Banks. These bank statements would be synced to ByD using the button “Request Bank statement “.
This is all that I got so far on this functionality. I hope this helps.
I'd also suggest you to post your idea on our ideas place for ByDesing at https://ideas.sap.com/SAPByDesign
Best Regards,
Alexandre.