Onyx by J.P. Morgan is at the forefront of a major shift in the financial services industry. We are the first global bank to offer a blockchain-based platform for wholesale payments transactions, helping to re-architect the way that money, information and assets are moving around the world.
Onyx has pioneered the world's first blockchain-based platform for wholesale payments transactions, helping to transform the way that money, information and assets are moving around the world.
We are innovators who have cultivated a deep understanding of institutional banking and technology to create reliable infrastructure and services for the world’s most pressing problems – starting with digital assets, payments and information sharing within banking.
the leading information exchange network that enables seamless data sharing between institutions.
focused on digital solutions for the transfer and clearing of money, which can be applied to a variety of systems including multi-bank and multi-currency ledgers.
a network enabling the exchange of value for various types of digital assets.
a center of excellence and leader in developing and launching new applications, networks and shared platform technology.
We use technology to help large institutions, corporations and fintechs who are interested in leveraging innovative technology solutions to help solve real-world business problems at scale. We have re-architected the infrastructure of value transfer, using intelligent, real-time networks to help unlock the potential of distributed ledger technology. Institutions around the world work with us through secure, open collaboration platforms that integrate quickly and seamlessly across global markets.
As the first global bank to enable deposit accounts on a blockchain ledger, we are the leading experts in using blockchain technology for banking.
Our Leadership Team includes technical, commercial and strategic thought leaders who are shaping the future of payments.
CEO
Umar Farooq is the CEO of Onyx by J.P. Morgan and the Global Head of Financial Institution Payments. Onyx is a J.P. Morgan business unit that leverages cutting-edge technologies like Blockchain to develop innovative products, platforms and marketplaces. Prior to this Umar was the Global Head of Digital Wholesale Payments and Head of Blockchain for the Corporate and Investment Bank (CIB). Previously he was the Head of CIB Fintech and the CFO responsible for financial oversight and business management across CIB Technology, Operations, and Controls. Umar has also held leadership positions in Chase Bank in the past including Head of Small Business Segment and National Sales Manager for Chase Business Banking. Umar holds a B.S. in Computer Science, B.S. in Economics and M.Engg. in Computer Engineering from the Massachusetts Institute of Technology. Umar received his JD from Yale Law School.
Global Head of Liink by J.P. MorganSM
Sushil Raja leads the Liink by J.P. Morgan team. Prior to this, he was the CFO and Head of Strategy for Onyx. Sushil also supported key strategic priorities across the bank as part of the Corporate Strategy team, where he helped launch the firm’s international consumer efforts. Before joining J.P. Morgan, Sushil was a management consultant at Oliver Wyman, advising rising fintechs on new products. Sushil holds a B.S. In Economics and B.A. in Mathematics from the University of Pennsylvania.
Global Head of Coin Systems
Naveen Mallela currently leads Coin Systems globally for Onyx by J.P. Morgan. As part of the role, Naveen is responsible for launching a new product line for J.P. Morgan Payments based on digital currencies extending his work on JPM Coin for which he was the chief designer and product lead. Prior to that Naveen was leading the "Digital" function for Payments in Asia Pacific where apart from digital currencies, he was actively involved in designing and launching the first of its kind data visualization platform for Payments. He also led Project Ubin across all the phases from a J.P. Morgan standpoint with the Monetary Authority of Singapore, which was an industry effort to use Distributed Ledger Technology for the clearing and settlement of payments and securities. Naveen's roles earlier to joining J.P. Morgan, involved Technology strategy and transformation for a global consulting firm with coverage across Japan, U.K. and Singapore. As part of his stint in consulting, Naveen led several advisory and transformation engagements for Tier 1 Global Banks for their Wholesale Payments businesses. Naveen is also a certified Chartered Financial Analyst from the CFA Institute, and holds an MBA from Indian Institute of Management Bangalore (IIMB).
Head of Blockchain Launch and Onyx Digital Assets
Tyrone leads J.P. Morgan's firm-wide Blockchain Program and is responsible for identifying and creating innovative blockchain-based products and solutions for J.P. Morgan's businesses and clients, and for engaging with the industry at large in order to provide a holistic blockchain strategy for the firm. Tyrone was previously a Senior Blockchain Product Manager in J.P. Morgan's Blockchain Center of Excellence and was also the Product Lead for Quorum, an open-sourced Ethereum-based blockchain platform built for Enterprise use. Prior to joining the Blockchain team in 2015, Tyrone was a software developer within the Credit Markets business and also spent several years managing and delivering large strategic programs across various businesses within J.P. Morgan, covering Front, Middle and Back Office risk and trading systems.
Chief Technology Officer
Suresh is the Chief Technology Officer for Onyx. He has worked for JPMorgan for the last 21 years and has held a variety of senior architectural and development roles within the Corporate Investment Bank. In addition, he has been designated as one of the forty five Distinguished Engineers in the bank. Suresh's experience prior to working at JP Morgan Chase was at Deloitte Consulting. He graduated with an Electrical Engineering degree from City College of New York and he has an MBA in Finance from NYU's Stern School of Business
CFO and Head of Strategy
Kristin Cordwell is the CFO and Head of Strategy for Onyx by J.P. Morgan. Prior to joining Onyx, Kristin led Business and Product Innovation at a startup focused on partnering and advising in breakthrough innovation opportunities poised for transformational growth. Her previous roles at J.P. Morgan Chase include leading Product and Strategy to support the launch of a new consumer-facing business in Chase Auto, as well as varied work within the Corporate Strategy team. Before joining J.P. Morgan Chase, Kristin was a financial services management consultant at Oliver Wyman. Kristin holds a B.A. in Mathematics from Princeton University.
Tom has been with J.P. Morgan for ten years, having joined in Singapore as Regional Head of Clearing and FX and then of Payables and Receivables. Upon moving to New York, he took on various transformation projects, including the strategic integration of InstaMed's product set with J.P. Morgan. Prior to joining J.P. Morgan, Tom was Global Head of Channel Management for Standard Chartered's Transaction Banking unit and of eBusiness Development for American Express Bank, based in New York, London and Frankfurt. Tom holds an MBA from the Wharton School of the University of Pennsylvania. He and his partner Paul now divide their time between New York and Connecticut.
Global Legal Lead
Yousuf is a member of the Legal department at J.P. Morgan. He leads and coordinates legal coverage for Onyx by J.P. Morgan, and advises on the use of blockchain and cryptoassets across J.P. Morgan's Corporate and Investment Bank (CIB).
Prior to this role, Yousuf held other roles in J.P. Morgan's Legal department, primarily supporting the Markets business in J.P. Morgan's CIB.
Before joining J.P. Morgan, Yousuf worked as an Associate at Clifford Chance US LLP and as Senior Counsel at the United States Commodity Futures Trading Commission.
He holds a B.A. in Economics from Vassar College and a J.D. from The Catholic University of America, Columbus School of Law.
Managing Director, Head of Innovation, Wholesale Payments
Jason is a successful entrepreneur and international banking executive with 20 years' experience bringing cutting-edge, client-driven solutions to life at startups and the world's largest banks. Based in New York, Jason is currently the Head of Innovation for J.P. Morgan's Wholesale Payments business. Jason leads a global team of product strategists and FinTech experts who have a passion for solving emerging client challenges, experimenting with new technologies and testing future business models. The WP Innovation team leverages powerful assets within J.P. Morgan such as our In-Residence program and Blockchain Center-of-Excellence while engaging externally with clients and FinTech partners to accelerate the development of disruptive new products and services. Jason began career in the late 1990's at Ecount where he helped grow the company as a founding member from a handful of employees with a bold vision to the successful acquisition by Citi in 2007. At the time of acquisition, Ecount had grown to over 120 employees, delivering innovative payment solutions to nearly 1,000 leading corporations. Post-acquisition, Jason was offered the opportunity to launch the Ecount business across the Asia Pacific region and serve as the Head of Wholesale Cards for Citi in Hong Kong. In this role, Jason was responsible for the strategic direction and end-to-end ownership of two of GTS's fastest growing business lines.
In 2011, Jason joined the GTS leadership team of Bank of America Merrill Lynch in Asia Pacific as the Head of Global Cards and Emerging Payments for the region. Jason was responsible for all aspects of the Cards and Emerging Payments businesses including strategy, P&L, sales growth, partnership management, investment planning and country expansion. In 2014, Jason returned to the US to form and lead the Innovation Team for GTS at Bank of America. Jason's team focused on developing and commercializing solutions to help clients take advantage of the highly globalized and digitized economy by harnessing new technologies, partnering and/or investing in disruptive companies and incubating new businesses.
Jason graduated from Bucknell University with a Bachelor of Arts degree in Political Science. He and his teams have won multiple awards for innovation and thought leadership and Jason is a regular speaker at industry events.
We are bold, innovative, curious and are testing the limits of what technology can do.
We need people with big ideas, who are both doers and thinkers. We need people who can adapt, move fast, and thrive on working with others towards a larger purpose.
"I love working at JPMC because I get to work on things that let me learn new skills, and apply my talent and be acknowledged for my contributions"
— Onyx Engineer
"It’s a fast-paced environment, but I love that my manager and team are there with me at every step – to guide, support and help me reach new heights"
— Onyx Product Lead
"I love that our company values diversity, and is committed to giving back"
— Onyx Strategy Lead
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