CashEdge

CASHEDGE ANNOUNCES AGREEMENT WITH CIBC TO PROVIDE ONLINE ACCOUNT AGGREGATION SERVICE

CIBC takes equity stake in CashEdge, the leading account aggregation provider in Canada

New York, NY & Toronto, Canada - November 05, 2001 —CIBC and CashEdge Inc., an international provider of account aggregation and funds transfer services, today announced the signing of an agreement to provide a comprehensive online financial account aggregation service to the bank's customers. The new service will allow CIBC customers to consolidate, organize and actively manage their accounts at CIBC or any other online enabled financial institution.

The aggregation service will be made available to CIBC online banking customers next year following a pilot starting in January. The service will provide the bank's customers with one-stop access to their online banking, investment, credit card and loan accounts from major North American financial institutions. Customer information will be protected by CIBC's privacy policy and security measures that meet all of the bank's stringent standards.

"Offering account aggregation services is a significant step towards providing our customers with smarter, simpler ways to manage their finances," said Corinne Charette, senior vice-president of CIBC's Internet Channel, Direct to Consumer group. "We are responding to our customers' desire for greater control over their financial lives by making it easier for them to monitor their total portfolio, analyze it and execute transactions within an environment that they trust."

CIBC has acquired an equity stake in CashEdge through CIBC New Ventures, a part of CIBC's e-commerce division that focuses on investment in and creation of new e-business and e-commerce platforms. The investment will support CashEdge's goal of further developing its personal finance management platform, and affirms the company's position as the aggregation service provider of choice among Canada's leading banks.

"CIBC is at the forefront of providing valuable, consumer-driven e-commerce solutions to its banking customers," said Sanjeev Dheer, CEO of CashEdge, "and their selection of CashEdge's technology as the core of their new integrated personal financial management service is an important milestone for us. Their ultimate vision matches ours, which is to develop a comprehensive aggregation service with the innovative transactional capability customers need to most effectively manage their finances."

About CIBC

CIBC is a leading North American financial institution with more than eight million personal banking and business customers. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on the Internet at www.cibc.com.

About CashEdge

CashEdge^® provides innovative, online financial applications to banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer, small business payments and invoicing, and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities.

CashEdge has been ranked by Inc. Magazine as one of the 500 fastest growing private companies in the United States for two years in a row. In 2007 it was also recognized by the 2007 Deloitte Technology Fast 500 and Fast 50 as one of the nation's 500 fastest growing private companies and one of the 50 fastest growing companies in the New York area, respectively. The company currently serves hundreds of leading financial institutions including four of the top five banks, 23 of the top 100 banks, and 20 of the top 100 credit unions. CashEdge has offices in New York, Silicon Valley and India. For more information, please visit www.cashedge.com.

Contact:
Jennifer Moritz
Zer0 to 5ive
917-748-4006
jmoritz@0to5.com

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