CashEdge

CashEdge Announces Agreement With Vanguard Group to Offer Online Aggregation Platform

Second Largest Mutual Fund Company in US to Launch Online Account Aggregation Using CashEdge Technology

New York, NY & Milpitas, CA - April 19, 2001 —CashEdge, a leading provider of personal finance management solutions to banks and financial institutions, today announced that it is working together with The Vanguard Group, the nation's second largest mutual fund firm, to offer aggregation services to Vanguard's shareholders at www.vanguard.com. The service will offer Vanguard's shareholders the highest levels of privacy and security controls available in the fund industry.

Called "Consolidated View™," the aggregation service, supported by CashEdge's proprietary Web-based technology, will give Vanguard shareholders more control over their finances by providing them with current, accurate information on all their accounts at Vanguard or any other online enabled financial institution. The result will be the ability to monitor their total portfolios more effectively. This function will be fully and seamlessly integrated into a new area of Vanguard's Web site to debut next month.

"We are very pleased that Vanguard has selected our technology," said Sanjeev Dheer, CEO of CashEdge. "Our goal in working with them was to develop a comprehensive aggregation service that will provide shareholders with the best possible user experience. We considered ease-of-use, responsiveness, breadth and depth of data and maximum security key to making the service successful."

"Vanguard shareholders will now be able to view all their online financial information in one place, analyze their complete financial picture across their various financial institutions and compare their investments to a diversified market view in a new and powerful way," explained Vanguard Chairman and Chief Executive Officer, John J. Brennan. "We chose CashEdge for its sophisticated security architecture, and depth of data gathering capability. Together we've designed a platform that offers the fund industry's highest levels of privacy and security controls," he concluded.

Vanguard's service will enable shareholders to consolidate their financial accounts on one Web page. Various features include:

• Analyzing and managing investments from a variety of perspectives - including allocation, sector and style.
• Obtaining personalized performance reporting and detailed transaction history (for the past 5 years for Vanguard mutual fund holdings; 3 years for Vanguard Brokerage Service holdings).
• Choosing a level of privacy and security control, including the highest level of protection provided in the financial services industry. Vanguard shareholders will be able to choose among three "trust modes" when accessing their account information with user IDs and passwords.

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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