Windward Regulatory News (WNWD)

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.

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About Windward

Windward (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/.

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