Windward Expands Partnership with LSEG

Windward Ltd.

27 February 2024

 

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 12^th package of sanctions in December 2023 and has approved a 13^th package to mark the second anniversary of the invasion on February 24^th 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)	[phone]
Simon Bridges / Andrew Potts
Alma Strategic Communications	[phone]
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/.

Reach

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