CashEdge

Royal Bank becomes first bank to offer CashEdge service to Canadian consumers

New York, NY & Milpitas, CA - July 10, 2000 —Royal Bank today announced plans to offer one-stop personal account access to Canadian Internet banking customers. Using technology developed by CashEdge Inc., Royal Bank will become the first bank in Canada to offer account aggregation service, enabling on-line customers to
consolidate and organize their personal financial information from other financial institutions, including deposit accounts, investments, personal loans, and residential mortgages.

Royal Bank has also made a capital investment in CashEdge Inc. to acquire approximately ten per cent of the total equity. Financial terms of the agreement were not disclosed.

The CashEdge aggregation service, which is expected to be available in the fall of 2000, will provide customers with a single on-line point-of access to other on-line investments, bank information, and personal accounts.

Customers will be able to access account overviews, historical transaction details and real-time updates in a secure, protected and private environment.

Customers will be able to self-select which accounts they wish to include.

"Our on-line banking users have told us they want choice, convenience and personalization from a source they can trust. Through CashEdge, we will now be able to deliver this power directly to them," said Shauneen Bruder, senior vice-president, North American Markets, Royal Bank. "The CashEdge account
aggregation service is a significant step in the evolution of Royal Bank's Internet strategy."

"This is another first for Royal Bank and demonstrates its continued leadership in providing financial services over the Internet," said Sanjeev Dheer, chief executive officer of CashEdge. "With Royal Bank as our first
international distributor and first bank, we are laying the groundwork for expansion into additional international markets, greatly extending our reach around the world."

Royal Bank was ranked as the "Internet Bank 2000" in December 1999 and April 2000, by Lafferty Internet Ratings, a quarterly research survey compiled by Lafferty Group, London. It beat such other heavyweight Internet financial services providers as Wells Fargo, Citibank and Bank of America, in a survey of the top 50 North American banking Websites.

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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