It is so good to be back here in Miami for the race this year and for offering the fans a very special experience. This year, we've expanded the partnership, and we have enabled biometrics at every location within the merchandise store. We have also expanded our partnership that allows consumers to buy products online, enabling our full omnichannel experience.
J.P. Morgan Payments was super vital in helping us create a first in class experience with the creation of our e-commerce site. We've been given this beautiful platform to access fans all over the world. We're excited about these new advancements that we continue to develop with them as our partner.
[MUSIC PLAYING]
Have you ever done anything like this before?
No, I'm excited about it.
OK, well, let's do it.
The future boutique is a demo experience simulating what retail and commerce will look like in the future.
Look at that.
Cheers.
Cheers.
It's a fantastic showcase of the products, the integration, the solutions, the speed of how fast our products can recognize your face, how quickly it processes the payment. Pay with a smile. Yes, always.
I've seen people coming in and just seeing them smile all the way from buying a drink, getting sweets, getting a personalized hat. It's the ultimate personalized shopping experience. Omnichannel really helps turn you from a spectator into a fan. It creates unique experiences. All of this is just made for you.
We want to power those J.P. Morgan Payments and solve business challenges, help those businesses grow, and make the fans at the end really happy and excited and energized about what they just went through.
How can I go back to normal shopping now?
[LAUGHS]
[MUSIC PLAYING]
End
Umar Farooq
Co-Head of Global Payments, J.P. Morgan
Umar Farooq is the Co-Head of Global Payments, which combines treasury services, trade and working capital, commercial cards and merchant services to help clients operate across 200+ countries and territories.1 The business is the largest processor of USD payments across the world, with a daily transaction volume of around $10 trillion. Prior to this, Umar was the Global Head of Financial Institution Payments and CEO of Onyx by J.P. Morgan.
Previously, he was the Global Head of Digital Wholesale Payments and Head of Blockchain for the Corporate and Investment Bank. Umar has also held leadership positions in Chase Bank, including Head of Small Business Segment and National Sales Manager for Chase Business Banking.
Max Neukirchen
Co-Head of Global Payments, J.P. Morgan
Max Neukirchen is the Co-Head of J.P. Morgan Global Payments. As part of the Commercial & Investment Bank, J.P. Morgan Payments delivers treasury services, merchants services and financial technology solutions to corporate clients, financial institutions, governments, e-commerce retailers, and small and medium-sized businesses. In his role, Max oversees the Product, Client Service & Implementations, Sales, and Payments support teams globally.
From 2021 to 2024, Max led Payments & Commerce Solutions, combining J.P. Morgan Treasury Payments, Merchant Acquiring, and Embedded Banking franchises to provide integrated offerings to clients. Before that, he served as the CEO of Merchant Services, the Head of Firmwide Strategy and Business Development, and Chief of Staff for the Corporate & Investment Bank. Max joined J.P. Morgan Chase in 2013.
Naveen Mallela
Co-Head of Kinexys
Tyrone Lobban
Co-Head of Kinexys
Tyrone leads the J.P. Morgan firm-wide Blockchain Program and is responsible for identifying and creating innovative blockchain-based products and solutions for businesses and clients. He also engages with the industry at large in order to provide a holistic blockchain strategy for the firm.
Previously, he was a Senior Blockchain Product Manager in the firm’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 that, Tyrone was a software developer in the Credit Markets business. He 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.