Information Services Corporation announced that the Bank of Canada has selected the Company as operator and technology solutions provider for the Bank Act Security Registry (the "Registry"), which enables security interests to be registered under section 427 of the Bank Act across Canada. This opportunity expands the Company's Registry Operations segment, which will be responsible for the service delivery of the Registry, with the development and implementation of the critical technology solution being provided by ISC's Technology Solutions segment. Once implementation is complete, the Bank Act Security Registry will be capable of 24/7/365 service provision and a range of online submission and search capabilities for customers.

The Company expects to commence operating the Registry in Summer 2024. ISC's opportunity to operate the Bank Act Security Registry builds on recent momentum for RegSys technology platform, including the recent announcement of implementation contract for the State of Michigan, as well as other recent contracts with Cyprus, Jersey and the States of Guernsey.