RCS - Windward Ltd. - Launch of Organization Defined Risk

WindwardAnnouncement

29/05/2024 07:00

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RNS Number : 1601Q  Windward Ltd.  29 May 2024

29 May 2024 - RNS Reach

Windward Ltd.

("Windward", "the Company")

Launch of Organization Defined Risk

The launch of Organization Defined Risk in Windward's Maritime AI platform
will allow organisations to set their own risk and behavioural indicators to
automatically identify risk according to their unique business definitions.

 

Windward (LSE: WNWD), a leading Maritime AI™ company, is pleased to announce
the launch of Organization Defined Risk (ODR), a fully configurable risk
management tool within its platform. This new function allows organisations to
independently define and configure risk and behavioural indicators that fit
their unique business and risk requirements as it relates to the maritime
sector, empowering them to proactively manage risk more effectively and
efficiently.

 

As different organisations or departments within an organisation have
different considerations for risk management, Windward believes its ODR is the
first solution for the maritime sector to provide them the flexibility and
autonomy to configure their own risk thresholds and establish and implement
policies adhering to organisational standards.

 

In addition to the predefined customisable regimes and lookback periods,
organisations now have the ability to define and configure their own
customised risk profiles. Users can define a query such as "vessels that
called port in Myanmar in the past year" and save it with a moderate,
high-risk or an indication level. Once a behavioural indicator or sequence has
been defined, users within the organisation will be able to screen vessels,
seeing both Windward's risk recommendation as well as the recommendation
defined by their organisation.

 

Windward believes that the ODR capability will also be valuable for
governmental and intelligence organisations who can now implement risk
parameters based on intelligence and receive automatic alerts for vessels
fitting those criteria, creating new leads. Windward believes this will allow
them to efficiently stay ahead of the evolving landscape and fully utilise
intelligence leads in order to drive operational outcomes.

 

Ami Daniel, CEO and Co-Founder of Windward said:

"As the sanctions and risk landscape evolves faster than ever, we at Windward
are constantly in tune with our customers' requirements and realise the need
for agility and the ability to add their own definitions and variations of
maritime risk.

From the Dark or Grey fleet to humanitarian, security, or sanctions
considerations, Windward is now empowering customers to be one step ahead of
the game, mitigate risk, and maximise business opportunities. This is a
testament to Windward's significant investment in R&D, allowing our
current and future customers to benefit from a dynamic solution for any
situation."

Windward's Maritime AI platform is powered by advanced machine learning and
behavioural analytics models, utilising billions of data points to provide
valuable insights into vessel behaviours, and ownership structures, and
predict in real-time which vessels are likely to be involved in illicit
activities. Windward's platform is a leading solution in maritime domain
awareness, empowering its clients across the government, finance, shipping,
energy sectors, and beyond to optimise business practices and efficiently
navigate all aspects of maritime risk in real-time.

For more information, please contact:

 Windward                                             Via Alma
 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 / Will Merison

 

About Windward

Windward (https://windward.ai/)  (LSE:WNWD), is a 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 organisations.

For more information visit: https://windward.ai/ (https://windward.ai/) .

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