J . P . MORGAN
J . P . Morgan utilises a full arsenal of technology , including on-blockchain data exchanges
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Expected estimates on number of institutions , number of accounts and number of corridors on Confirm are calculated based on projections from market research and incoming clients in Confirm ’ s pipeline and are subject to change . 2 All estimates on number of institutions , number of accounts and number of corridors include data from J . P . Morgan as a Responder and Inquirer on Confirm .
When Christine ( Jang ) Tan talks to us from her office in Singapore , she has just returned from Sibos – the landmark financial conference held in Amsterdam . It ’ s a major event for J . P . Morgan . Indeed , several of the company ’ s executives participated in panel discussions and debates at the conference , held in person for the first time in three years .
J . P . Morgan showcased Confirm powered by LIINK , a global account validation service designed to enhance the efficiency of cross-border payments . Confirm runs on the ONYX platform , the firm ’ s blockchain division . Confirm is the world ’ s first bank-led , production-grade , peer-to-peer blockchain network that has the ability to verify over 2bn bank accounts from over 3,500 financial institutions 1 , 2 .
“ We are propelling solutions that address the demands of customers globally – that means they need to be agile , nimble and frictionless ,” says Jang . “ We have that ability , as we can leverage global infrastructure and incorporate local best practices to our solutions , customising them to the specific client and industry segments , including strategic partnerships to enable an end-toend payments ecosystem . We also featured our cross-currency proposition customised for banks , fintechs , corporates , and non-bank FIs .”
J . P . Morgan , led by the ONYX team , also attended the Fintech Festival in Singapore . As a key foreign bank , the team is working closely with various central banks around the world , including the Monetary Authority of Singapore . The aim of this is to support new areas of innovation leveraging blockchain technology , with the goal of enabling the movement of money to be faster , better , more cost effective , and take place in a secured manner .
Jang works in J . P . Morgan ’ s Payments business , heading up Financial Institutions Group Sales in APAC . Not only is Payments a key part of J . P . Morgan ’ s push in redefining the future of finance , APAC is also a region that has historically been at the forefront of innovation with real-time payments and continues to be a torchbearer to this day .
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