About Kinexys by J.P. Morgan

Supercharge today's financial systems. Fast-forward with Kinexys.

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

Our story

At the beginning, a small group of visionaries gathered to explore a groundbreaking technology with the potential to revolutionize banking. Our pioneering team created one of the world's first bank-led blockchain platforms, fueling financial movement and transforming the way money, information and assets move globally.
2024
2023
2022
2021
2020
2019
2018
2017 
2016 
2015
  • J.P. Morgan celebrates the introduction of Kinexys.
  • Kinexys Digital Payments announces first-ever Treasury Management Services collaborative integration.
  • J.P. Morgan and MIT Digital Currency Initiative release a white paper entitled, “Application of Programmability to Commercial Banking and Payments” to investigate the practical applications and benefits of programmability.
  • Synchronized Settlements launches on Kinexys Digital Payments (formerly JPM Coin).
  • In collaboration with Apollo Global Management, and as a part of phase two of Project Guardian, J.P. Morgan explores how tokenization can mass-scale the building and managing of investment portfolios across traditional and alternative assets.
  • Programmable Payments launches on Kinexys Digital Payments (formerly JPM Coin).
  • Kinexys Digital Payments (formerly JPM Coin) launches Euro.
  • With the DBS Bank, SBI Digital Asset and as part of the Monetary Authority of Singapore’s Project Guardian, which aims to explore the potential of decentralized finance (DeFi) for financial institutions, J.P. Morgan executes the first live DeFi cross-currency trade (SGD/JPY) on the Polygon blockchain.
  • J.P. Morgan and Oliver Wyman release a research paper entitled, "Deposit Tokens: A Foundation for Stable Digital Money," exploring practical use cases for deposit tokens.
  • As part of Project Guardian, J.P. Morgan is the first bank to demonstrate how tokenized deposits identity tokens can be issued on a public blockchain.
  • CheckMatch launches.
  • J.P. Morgan, DBS Bank and Temasek co-found Partior, the world’s first multi-bank blockchain network.
  • Together with Banque de France and the Monetary Authority of Singapore, J.P. Morgan supports an experiment to simulate cross-border transactions involving multiple central bank digital currencies.
  • J.P. Morgan and Oliver Wyman release a research paper outlining the implementation considerations for central banks and commercial banks in developing, operating and governing multiple central bank digital currencies.
  • Liink Confirm launches.
  • All J.P. Morgan blockchain assets and emerging technologies come together under one group, Onyx by J.P. Morgan (today Kinexys by J.P. Morgan).
  • Onyx Digital Assets platform (today Kinexys Digital Assets) launches, along with its first live application, Digital Financing.
  • JPM Coin (today Kinexys Digital Payments) launches.
  • J.P. Morgan trials U.S. dollar debt issuance on the blockchain with National Bank of Canada (NBC), Goldman Sachs, Pfizer and Western Asset Management Company.
  • In collaboration with the Monetary Authority of Singapore, J.P. Morgan undertakes technical exploration for a multi-bank payment network as part of Project Ubin.
  • J.P. Morgan launches the Interbank Information Network (today Kinexys Liink) to facilitate information exchange.
  • Quorum, a permissioned blockchain developed and designed for the needs of financial institutions and enterprises, launches. Quorum is the first open-source blockchain developed by a bank.
  • J.P. Morgan launches the Blockchain Center of Excellence, a team dedicated to exploring the emerging technology.

Our vision

Building financial infrastructure that transforms financial services, that's our vision. To achieve it, we are dedicated to developing infrastructure that strives to be composable, programmable and interoperable.
Composability

Composability allows different components to be combined to meet your specific needs and drive innovation to create new solutions.

Programmability

Programmability empowers automated, customizable and intelligent financial processes to provide efficiency.

Interoperability

Interoperability enables different infrastructures to easily work together, regardless of their underlying technology, providing seamless integration and collaboration.

Our team

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 team includes technical, commercial and strategic thought leaders who are shaping the future of payments.
Join the team
J.P. Morgan Payments Leadership
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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 Kinexys 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. 

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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.

Kinexys Leadership
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Naveen Mallela

Co-Head of Kinexys

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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.

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