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SVG Needed by UK Banks, Including NatWest
Banks Must Comply with New Regulations
Banks in the United Kingdom, including NatWest, are being required to start using the Scalable Vector Graphics (SVG) file format for certain financial documents. This change is being made in order to comply with new regulations that are being introduced by the Financial Conduct Authority (FCA).
Benefits of SVG
SVG is a file format that is designed for representing two-dimensional graphics. It is a vector-based format, which means that it can be scaled to any size without losing quality. SVG files are also relatively small in size, which makes them easy to store and transmit.
The FCA is requiring banks to use SVG for certain financial documents because it is a secure and reliable format. SVG files are difficult to tamper with, and they can be easily verified by regulators.
Conclusion
The deadline for banks to start using SVG is approaching quickly. Banks that do not comply with the new regulations could face fines or other penalties. As a result, it is important for banks to start making the switch to SVG as soon as possible.
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