Information processing systems of financial institutions have to be adapted to change very quickly. This is caused by the globalization of markets, new needs for customer service above all and ever faster product innovations. Data modeling is not able to keep the pace with those developments. New financial instruments require fast adaptation of MIS capabilities. Data modeling is not able to provide a bank with information systems that can be adapted with the speed of innovation.
Systems have to be developed ever faster.
Data modeling is a brake and not a booster. Using data modeling means promoting structures that should not be changed. Change is the normal case in systems development. This adds to the character of data modeling as a brake. Enterprise data models create additional complexity in the process of software development.