RCS - Windward Ltd. - Windward Expands Partnership with LSEG

WindwardAnnouncement

27/02/2024 07:00

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RNS Number : 4500E  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)       +44(0)20 7523 8000
 Simon Bridges / Andrew Potts

 Alma Strategic Communications                        +44(0)20 3405 0205
 Caroline Forde / Kieran Breheny

 

About Windward

Windward (https://windward.ai/) (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/ (https://windward.ai/) .

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