Data Problems in Banks are especially acute because the same "thing" is called by different names in different systems, no one can agree on its definition or it

Data Problems in Banks are especially acute because the same "thing" is called by different names in different systems, no one can agree on its definition or its characteristics. Added to that, the amount of time it takes for I.T to come up with a solution - due to the silo mentality - the Front-Office comes up with a patchwork mostly Excel-based solution "just for now" and well we all know how that goes.