Skip to Content Home page
Onyx by J.P. Morgan

Transforming the future of banking.

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.


About

Who we are

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.

Our Offerings

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 center of excellence and leader in developing and launching new applications, networks and shared platform technology.

Why blockchain innovation

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.

Team

Why Onyx

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.

Umar Farooq

CEO

Umar Farooq is the CEO of Onyx by J.P. Morgan. Onyx is a J.P. Morgan business unit that leverages cutting-edge technologies like Blockchain to develop innovative products, platforms and marketplaces. Prior to Onyx, 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 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 joined J.P. Morgan Chase in 2009. Before joining J.P. Morgan Chase, he was the Chief Sales Officer for CIT Group where he led revenue growth across middle market and specialty lending businesses globally. 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.

Return to tab list
Our People

Who we are

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.

We are committed to:

  • Bringing in Top Talent and providing unique opportunities to influence the future of global commerce
  • Empowering Team Members to take risks, be visionary, and focus on execution all under helpful coaching and training
  • Embedding Diversity & Inclusion in everything we do with no limitations to gender, ethnicity, skills, backgrounds, or diversity of thought
Learn more

"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
Back to top