Core banking technology: modern vs. legacy

So, what makes a modern core banking platform modern?  Why bother moving off of the legacy system?

The key business drivers tend to be flexibility, business agility, centralization of data and processing systems, consolidating assets from inorganic growth through acquisitions and mergers, and customer centricity.

Some banks that are embarking on this endeavor do so as a means of mitigating the risk of increased complexity and as a means of responding to the regulatory need for information transparency.

From your perspective, is core banking modernization worth the effort?

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