Reach
27 February 2024
Windward
Ltd.
("Windward", "the Company")
Windward Expands Partnership
with LSEG
Windward's advanced AI
capabilities will now include LSEG's World-Check One data for
comprehensive counterparty risk screening, catering to the evolving
needs of global trade stakeholders.
Windward (LSE: WNWD), the
leading Maritime AI™ company, is
pleased to announce the expansion of its collaboration with the
London Stock Exchange Group ("LSEG") initiated in 2023.
The new agreement introduces the
integration of select LSEG's World-Check services into Windward's
platform, providing users with comprehensive compliance and risk
management solutions beyond the maritime domain. This creates a
unique offering to empower Windward's customers to stay ahead of
emerging sanctions globally with one unified system for sanctions
screening.
World-Check One data will augment
Windward's existing shipping analytic capabilities with more than
1000 global sanctions lists, streamlining the screening process for
onboarding, Know Your Customer (KYC) and third-party risk due
diligence.
The expanded partnership addresses
the growing demand for a unified approach to compliance,
particularly in light of expanding sanctions regimes. The ongoing
conflict in Ukraine has led to a slew of increasing sanctions
placed on Russia and Russian entities by Western countries. Most
recently, the European Commission passed a 12th package
of sanctions in December 2023 and has approved a 13th
package to mark the second anniversary of the invasion on February
24th 2024.
Enforcement has intensified as a
result of these sanctions, including an executive order passed by
US President Biden targeting financial institutions that have
indirectly allowed Russia to continue its war campaign. As such, it
is increasingly important for stakeholders involved in global trade
to have a holistic view of risk both in and out of the maritime
domain.
Ami
Daniel, Co-founder and CEO of Windward, said:
"Our extended partnership with LSEG is a testament to our
shared vision of providing comprehensive risk management solutions.
In this turbulent environment it is more important than ever for
stakeholders to manage all evolving risks."
"By incorporating World-Check's data into our platform, we are
not only broadening our capabilities but also reinforcing our
dedication to equip our clients with actionable insights for
informed decision-making and empowering them to navigate the
complexities and intricacies of global trade risk with confidence
and ease."
For more information, please
contact:
Windward Ltd.
|
via Alma Strategic
Communications
|
Irit Singer, CMO
|
|
Canaccord Genuity (Nominated Adviser &
Broker)
|
+44(0)20 7523 8000
|
Simon Bridges / Andrew
Potts
|
|
Alma Strategic Communications
|
+44(0)20 3405 0205
|
Caroline Forde / Kieran
Breheny
|
|
About Windward
Windward (LSE:WNWD), is the leading Maritime AI™ company, providing an
all-in-one platform to accelerate global trade. Windward's
AI-powered decision support and exception management platform
offers a 360° view of the maritime ecosystem and enables
stakeholders to make real time, predictive intelligence-driven
decisions to achieve business and operational readiness.
Windward's Maritime AI supports
companies across industries. The company's clients range from oil
supermajors, freight forwarders, and port authorities, to banks,
shippers, insurers, and governmental organizations.
For more
information visit: https://windward.ai/.
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