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:
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Windward
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Via Alma
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Irit Singer, CMO
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Canaccord Genuity (Nominated Adviser & Broker)
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+44(0)20 7523 8000
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Simon Bridges / Andrew
Potts
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Alma Strategic Communications
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+44(0)20 3405 0205
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Caroline Forde / Kieran Breheny /
Will Merison
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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/.
Reach
This is a Reach announcement and the
information contained is not considered to be material or to have a
significant impact on management's expectations of the Company's
performance. Reach is an investor communication service aimed at
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Information required to be notified under the AIM Rules for
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