Market infrastructure provider TP ICAP and Amazon Web Services (AWS) have entered an agreement to streamline and scale TP ICAP’s technology infrastructure.
Nicolas Breteau
A key element of the multifaceted agreement is the acceleration of the development of TP ICAP’s flagship digital platform, Fusion.
The cloud-based platform is designed to improve TP ICAP’s ability to serve clients throughout the transaction lifecycle.
The development will see 45 AWS professional services engineers working alongside TP ICAP’s technology teams to co-develop the Fusion platform.
With the use of data analytics and generative AI to enhance developers’ productivity, the two firms added that this agreement seeks to enhance new product development times, improve scalability, and increase TP ICAP’s IT workload on AWS Cloud to more than 80%.
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“This strategic collaboration with AWS positions TP ICAP as a leader in digital transformation within our industry. We will be able to develop new functionality, faster, to enhance our electronic platform, Fusion,” said Nicolas Breteau, group CEO at TP ICAP.
“And by equipping our teams with AI expertise and tools, we will further strengthen our ability to develop new solutions, execute at scale, and better serve our clients.”
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Elsewhere, AWS will help TP ICAP establish an AI and Innovation Lab to accelerate and scale AI-driven solutions.
This lab will complement TP ICAP’s existing projects to date, such as automating regulatory governance reviews with Amazon Bedrock and creating a chatbot to automate client engagement analysis and generate actionable insights.
“TP ICAP’s “All in on Cloud” strategy aims to migrate over 80% of its technology infrastructure to AWS by the end of 2026. This will reduce TP ICAP’s reliance on physical data centres and legacy systems, delivering millions in annual savings and cutting carbon emissions,” said Tanuja Randery, VP and managing director of AWS EMEA.
“And with the establishment of its AI and Innovation Lab, TP ICAP is also investing in training, equipping its workforce with capabilities and skills in developing advanced AI-driven solutions.”