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StatementOne And Cashedge Join Forces To Deliver Integrated Data Consolidation And Aggregation Capabilities

Jan. 22, 2004, Huntington Beach, CA – StatementOne ( www.statementone.com ), the industry leader in enterprise financial data consolidation and performance reporting, and CashEdge, Inc. ( www.cashedge.com) a provider of secure Online Money Movement and Advanced Account Aggregation platforms, announced today at the FPA's Broker-Dealer Conference that they have partnered to combine the power of enterprise data consolidation with data aggregation. The integration of these cutting-edge technologies will deliver a holistic view of financial positions, providing significant enhancements to the wealth planning and reporting process.

"We are excited to be partnered with StatementOne in providing the data critical to helping participants meet their wealth management goals,“ explained Sanjeev Dheer, CEO of CashEdge. "CashEdge is recognized as the leader in next generation aggregation solutions and our focus on the depth and quality of aggregated data is a perfect complement to StatementOne's unparalleled enterprise data consolidation capabilities. By combining data on assets held at other institutions with data on in-house assets, our partners will be able to access a complete picture of each client's financial holdings," added Dheer.

"Partnerships such as this really showcase the data management expertise that we've perfected over the past several years,” said Greg Pacholski , StatementOne's chief executive officer and president. “The integration of our consolidated account data with CashEdge's aggregated client data adds immediate value, and will significantly increase the ROI for best-of-breed wealth management platforms."

About CashEdge

CashEdge® provides infrastructure that global financial institutions rely on to extend their online channels and enhance customer profitability. CashEdge delivers secure Online Money Movement and Advanced Account Aggregation platforms that power specialized retail banking and advisor applications. These proven solutions enable CashEdge's clients to create compelling online offerings that attract customers, generate revenues, and reduce costs. CashEdge serves over 80 financial institutions in North America including Citibank, Charter One Bank, Vanguard, RBC Financial Group, and CIBC. CashEdge has offices in New York and Silicon Valley . For more information on CashEdge, please visit our Web site at www.cashedge.com.

About StatementOne

Founded in 1993, StatementOne consolidates enterprise investment account data, delivering a powerful, easy-to-use Web-based portfolio accounting and performance reporting solution to financial institutions. StatementOne's Web Services platform allows a seamless secure way to pass valuable consolidated information from the StatementOne database to other critical applications in an advisor's practice such as business planning, analytic, product development and CRM applications. StatementOne currently manages account data for more than 64 financial institutions, representing over $500 billion in assets, tens of thousands of financial advisors and millions of investors. Their current clients include independent broker-dealers, banks, credit unions and insurance companies. For more information visit http://www.statementone.com or contact StatementOne at marketing@statementone.com.

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