Paying for coffee is now as easy as a tap—literally. While these indispensable services through financial apps may appear seamless and straightforward, they would not exist without the work of experts like Rakesh Singh in the financial technology (FinTech) workspace.
FinTech products undergo numerous tests and trials before evolving into something as simple as a “tap.” The same goes for financial technology platforms adopted by the world’s biggest corporations.
“The only constant about fintech is its incessant state of change. To run with it—or sprint one step ahead of it—is through innovation,” shares Singh, the Vice President of Product Management at JP Morgan Chase.
His command of his craft is owed to his 11 years of experience and specialization in technical Product Management.
Sailing the Seas of Software Innovation
Singh’s dynamic career was forged in the workplace and at school. Despite a successful career at Accenture as a Product Manager, Program Manager & Business Consultant from 2010 to 2020, where he led on some of the significant projects in Digital Transformation space for Accenture, Singh pursued a master’s degree. This pursuit was distinguished when he received a fellowship and teaching assistantship from George Washington University, where he completed his master’s degree.
Hitting the pause button on work to hit the books again is a power move. Enriching oneself with knowledge is key to exponentially leveling up, which Singh achieved within the following stages of his career.
In 2023, Singh brought his A-game to the global table of JP Morgan Chase, where he led initiatives that further propelled the organization into the digital age and solidified its position as a headliner in the FinTech landscape. Eventually, Singh ascended to Vice President of Product Management. This climb from business consultant to product management reflects his drive to reinvent himself and his craft regularly.
The seasoned IT leader spearheaded vital Product Management initiatives, notably overseeing the JP Morgan Payment Networks, the cornerstone of the FinTech domain. His responsibilities include product feature development, roadmap building, and compliance with stringent policy standards.
Singh’s strategic expertise was also evident in his initiation of a product cabinet cadence, pushing collaboration and uniformity across JP Morgan’s product landscape. His approach to tackling challenges, such as the global IPv4 shortage, resulted in significant cost savings while optimizing operational efficiency. This has driven extraordinary change within one of the world’s largest financial institutions.
In digital technology, something must be removed and reassembled to keep innovation moving forward. This is precisely what Singh’s track record looks like. From pioneering the transformation of legacy infrastructure and cloud platforms to optimizing performance and efficiency, Singh’s foresight makes him a key individual in FinTech.
Forecasting the Future of FinTech
Singh’s expertise becomes increasingly more critical as the FinTech landscape shifts toward cloud-based solutions and real-time performance-based routing.
With an eye for spotting industry developments and trends before they officially become one Singh takes the industry to a future defined by reimagination and resilience.
“Innovation thrives on the edge of uncertainty. Taking risks is the fuel that propels us toward impactful changes in the fintech world,” Singh concludes.
