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Blue Diamond Ventures, Inc. Launches Harvest 360 Labs Inc.

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R & D base in Puerto Rico signs $4.2 Million USD contract with Green Orchard Labs.

Denver, Colorado–(Newsfile Corp. – May 27, 2020) – Blue Diamond Ventures, Inc. (OTC PINK: BLDV) today announced that Harvest 360 Labs Inc. (H360 Labs), a wholly owned subsidiary of BLDV, formed in Puerto Rico, has entered into a Trade-Mark & Know-How Agreement, related to cannabis analytical testing with Green Orchard Labs, LLC in Chillicothe, Missouri, to provide specific services and process knowledge in exchange for a projected $4.2 Million USD in royalties and fees over 6 years that will be generated by a new medical cannabis testing facility. BLDV anticipates Missouri to be a leading, successful medical cannabis market, with this business model being used for additional cannabis labs in other states.

Harvest 360 Technologies wrote the winning application for the Green Orchard Labs team back in September, and has now put together a testing technology package combined with cannabis industry integration that will position the new lab in Missouri to be one of the leading testing labs in the state. The science team at Green Orchard welcomes the partnership as a path for expansion that comes with access to the R&D being done in Puerto Rico. The new lab in Missouri will be rebranded as H360 Labs.

Additionally H360 Labs in Puerto Rico is in the final stage to gain a full R & D certification. BLDV has been working with the regulators in Puerto Rico to form a public-private partnership to support the new CBD Hemp program launched by the government. “The Puerto Rican Government recognizes that the opportunity to develop a robust CBD Hemp business benefits the island and the 50 contiguous states” says Joshua B. Alper CEO of BLDV, “Our R&D facility in Puerto Rico will support the suite of expanded services provided to the test labs using our Intellectual Property (“IP”), while giving accredited investors access to unique tax credits.”

“We have been focused on Puerto Rico for the last year” said David Serrano, Chief Business Officer at BLDV, who will also be acting as interim Lab Director for H360 Labs, “with the specialized products and technologies we have coming out of Puerto Rico, and access to global markets with the IP we currently have and are developing, we see the R&D facility driving the profits of the company.”

The project is being funded by a new 506(C) offering created for H360 Labs by Block45 Legal, that will raise $2.5M USD for the construction of the lab in Missouri and the R&D Facility in Puerto Rico.

About Harvest 360 Labs Inc. – The mission of Harvest 360 Labs Inc. is to provide technologically advanced expertise in analytical, regulatory, and compliance services to the emerging hemp and cannabis markets. H360 Labs provides testing, and innovative solutions to cultivators, processors, and manufacturers of a wide array of products in order to set the conditions for and support the agricultural, scientific, and medical communities.

About BLDV: – Blue Diamond Ventures, Inc. seeks to partner with individuals and companies that share a common synergy, mission and vision to enable products/services that are produced, delivered and consumed utilizing fewer natural resources, providing a sustainable alternative to traditional products on the market today. As a diversified customer-centric Management / Holding Company; Blue Diamond looks for opportunities in the Cannabis & Hemp industries and is driven by critical thinking and the scientific method.

Safe Harbor: – This press release contains forward-looking statements. Such forward-looking statements are subject to several risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.

Contact: Blue Diamond Ventures Inc. Joshua B. Alper (844) 637-6377 [email protected] www.h360labs.co www.harvest360.co www.bldv.us

Fintech

Central banks and the FinTech sector unite to change global payments space

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The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.

Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.

Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).

At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.

The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.

As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.

Source: fintech.globa

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TD Bank inks multi-year strategic partnership with Google Cloud

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TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.

The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.

This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.

TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.

Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.

TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.

Source: fintechfutures.com

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MAS launches transformative platform to combat money laundering

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The MAS has unveiled Cosmic, an acronym for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, a new money laundering platform.

According to Business Times, launched on April 1, Cosmic stands out as the first centralised digital platform dedicated to combating money laundering, terrorism financing, and proliferation financing on a worldwide scale. This move follows the enactment of the Financial Services and Markets (Amendment) Act 2023, which, along with its subsidiary legislation, commenced on the same day to provide a solid legal foundation and safeguards for information sharing among financial institutions (FIs).

Cosmic enables participating FIs to exchange customer information when certain “red flags” indicate potential suspicious activities. The platform’s introduction is a testament to MAS’s commitment to ensuring the integrity of the financial sector, mandating participants to establish stringent policies and operational safeguards to maintain the confidentiality of the shared information. This strategic approach allows for the efficient exchange of intelligence on potential criminal activities while protecting legitimate customers.

Significantly, Cosmic was co-developed by MAS and six leading commercial banks in Singapore—OCBC, UOB, DBS, Citibank, HSBC, and Standard Chartered—which will serve as participant FIs during its initial phase. The initiative emphasizes voluntary information sharing focused on addressing key financial crime risks within the commercial banking sector, such as the misuse of legal persons, trade finance, and proliferation financing.

Loo Siew Yee, assistant managing director for policy, payments, and financial crime at MAS, highlighted that Cosmic enhances the existing collaboration between the industry and law enforcement authorities, fortifying Singapore’s reputation as a well-regulated and trusted financial hub. Similarly, Pua Xiao Wei of Citi Singapore and Loretta Yuen of OCBC have expressed their institutions’ support for Cosmic, noting its potential to ramp up anti-money laundering efforts and its significance as a development in the banking sector’s ability to combat financial crimes efficiently. DBS’ Lam Chee Kin also praised Cosmic as a “game changer,” emphasizing the careful balance between combating financial crime and ensuring legitimate customers’ access to financial services.

Source: fintech.global

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