CSV is stupid format. XML, JSON, YAML are better to read and easier to parse/validate. After compression these formats takes similar amount of space or even les

CSV is stupid format. XML, JSON, YAML are better to read and easier to parse/validate. After compression these formats takes similar amount of space or even less when cross-referencing. CSV, tab-delimited files and in general flat files are retarded idea to be used in banking. I know because I work for bank, these are source of all misery.