Dubai, UAE, December 13, 2022: Webb Fontaine, one of the leading providers of AI-powered trade technology and Customs facilitation solutions to governments and trade administrations around the world, has launched the advanced Integrated Risk Management (IRM) service in Egypt in partnership with Misr Technology Services (MTS) representing the government of Egypt.
This new development will pave the way for the efficient digitalization of Customs procedures across the country. In Egypt, after the successful implementation of the system in Dekheila Customs facility, the system was rolled out to the rest of the Customs offices in Egypt.
For each step in the Customs process, the new Integrated Risk Management system uses cutting-edge tools like AI and data analysis to pinpoint potential risk areas. In addition to identifying and categorising risk indicators, the system also assigns weighted scores to each preidentified element based on the severity of its possible impact.
“We are thrilled to have been chosen as the primary technology partner for this exciting project by Misr Technology Services (MTS) and to be implementing our state of the art Integrated Risk Management solution,” stated Alioune Ciss, CEO of Webb Fontaine. “AI has had a profound effect on Trade and Customs administrations around the world, and we’re excited to demonstrate this in Egypt through our partnership with Misr Technology Services”. he added.
Mr. Mazen Abu Al-Ghanam, Project Manager at Webb Fontaine, added: The programme will help further reduce release time by utilizing the latest technologies in AI and ML for expediting the processing of legitimate and compliant goods and shipments, better allocate resources and efforts for carrying out inspections, reviewing and processing of exported and imported goods formalities by Customs or a specific agency in addition to expanding green lane application for clients enrolled in the AEO programme.
To initiate the deployment for the system, an operations room was formed inside Dekheila Customs Center to work on quickly solving any potential problems during the pilot implementation stage. Once we made sure that the system is implemented in Dekheila Customs with no issues reported, the system was deployed in all customs centers across Egypt.
This major project marks Webb Fontaine’s foray into the rapidly expanding Egyptian trade and Customs industry, which aspires to grow and develop in the near future into one of the region’s most cutting-edge cargo handling and forwarding destinations.
MTS, the creator and operator of the current “Nafeza” National Single Window (NSW) system in Egypt, chose Webb Fontaine’s sophisticated Integrated Risk Management system by virtue of its substantial use of AI and other advanced technologies which is based on big data and extracting the risk patterns from historical data components using artificial intelligence and machine learning techniques to propose new risk criteria and measure the efficiency of risk profiling.
The track record of Webb Fontaine demonstrates its expertise in employing AI to speed up clearance times, decrease costly congestion at port operations, and expedite commerce while also significantly enhancing facility governance.
Webb Fontaine offers industry-wide solutions to modernize trade development and is trusted by governments all around the world. The business makes use of cutting-edge technology to help nations take the lead in global trade.
About Webb Fontaine:
Webb Fontaine is an AI company re-shaping the future of trade. Trusted by governments globally, Webb Fontaine provides industry wide solutions to accelerate trade development and modernization. The company uses unique technology including Artificial Intelligence to enable countries to emerge as leaders in the future of trade.
Knowledge transfer is at the core of Webb Fontaine; comprising a team of experts who work across the world, empowering local communities and governments.
As an industry leader with the largest R&D centres in the industry, Webb Fontaine is constantly developing international trade practices connecting countries, borders and people.