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.
LONDON, Feb. 27,
2024 /PRNewswire/ -- Windward (LSE:
WNWD), the leading Maritime AI™ company, announced the expansion of
its successful collaboration with LSEG (London Stock Exchange
Group) initiated in 2023. The new agreement introduces the
integration of select LSEG's World-Check services into Windward's
platform, providing their users with comprehensive compliance and
risk management solutions beyond the maritime domain.
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
partnership creates a unique offering to empower Windward's
customers to stay ahead of emerging sanctions globally with one
unified system for sanctions screening.
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.
These sanctions are having the intended impact as enforcement
has intensified 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.
"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," said Ami Daniel, Co-founder and CEO of Windward. "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."
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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SOURCE Windward