UTKARSH AGARWAL
Tampa,FL
Summary
Over 16 years of demonstrated success in delivering impactful business outcomes for high-growth organizations within financial and technology sectors.
Overview
19
19
years of professional experience
Work History
Managing Director, CTO Embedded Finance & Solution
JPMorgan Chase
Tampa, Florida
07.2022 - Current
- Executive owner for platforms spanning Open Banking, Embedded Payments, Checkout, Concourse (Payouts), and JPM Healthcare.
- Lead global organization of 500+ with $113M budget accountability across platform delivery and operations.
- Launched Pay by Bank as business owner with P&L ownership of Emerging Rails within Treasury Services (JPMorgan Payments), converting platform capabilities into a scaled commercial offering.
- Onboarded major marketplaces to Embedded Payments, increasing adoption and broadening platform distribution.
- Grew Payouts 50% YoY by scaling Concourse adoption and broadening embedded payout use cases.
- Established operating cadence and governance across product, operations, risk, and finance to align priorities and enhance delivery predictability.
Chief Technology Officer
CLEARSPEND
Charlotte, NC
01.2021 - 06.2022
- Hired as the 2nd executive by the board of directors of Tranwall Ltd to both build a team and a product roadmap for the U.S. market.
- Directed technology strategy for financial management solutions.
- Collaborated with CEO to develop product, hiring, financial, and operational strategies.
- Build the team from the ground up from 0-23 employees/contractors constituting 3 fully remote scrum teams in under 6 months.
- Worked with strategic partners like Stripe, Visa, Mastercard, Plaid and Alloy to build a state-of-the-art Fintech platform.
- Launched Beta in March 2022 and presented to VCs including Coatue, Clocktower, and Vestigo to secure late-stage seed funding.
- Clearspend is a spend management platform that helps SMBs manage their money more effectively by issuing virtual/physical cards to employees and vendors with flexible spend controls to automate expense management.
Vice President of Technology
BAKKT
Atlanta, GA
01.2019 - 09.2021
- Managed $20M organizational budget and vendor relationships while building and structuring Bakkt's engineering team to develop the company's flagship consumer mobile app in collaboration with executive leadership.
- Spearheaded recruiting and structuring of engineering team for Bakkt marketplaces, scaling organization from 4 to 120 employees and delivering ongoing technology and business training to support team members' career aspirations.
- Provided Strategic direction for Bakkt's technology approach and instituted a Product Development Governance process with the CEO.
- Created 10+ scrum teams and instituted a work intake and solution design process for enterprise planning and delivery.
- Conducted operational and technical diligence for M&A, contributing to successful $250M acquisition of Bridge2Solutions.
- Bakkt went public via a SPAC in October 2021 at $2.1B valuation.
- Bakkt is a digital asset platform owned by the Intercontinental Exchange that offers a regulated environment for digital asset custody and trading.
Vice President Engineering
ONEMARKETNETWORK LLC
San Francisco, CA
01.2017 - 01.2019
- Oversaw engineering organization, responsible for architecture and development decisions, supervising team growth from 2 to 45 software engineers.
- Led development of the core platform, Polaris, in addition to the the performance, availability, and development for all products running on Google Cloud Platform as a Kubernetes cluster.
- Conducted due diligence for proposed mergers and acquisitions as part of executive management team, leading to successful acquisition of Yocuda in the UK and FluidM domestically.
- Acquired ~150,000 users through the development of the company's flagship product, Live Receipts, which enables retailers to send receipts to customers via Facebook Messenger, Google Home, SMS, email, and other channels. Managed the architecture, design, and development of this $25 million project, which was delivered in 9 months, on time and on budget.
- Supported launch of Live Receipts to premium retail customers, including Nordstrom, Guess, Pandora, M&S, and Express.
- OneMarket offers customer data management and activation that empowers mid-sized and emerging retailers to acquire new customers. OneMarket was spun out of Westfield and listed on ASX in 2018.
Engineering Manager | Product Manager | Business Development | Staff Engineer
PAYPAL
Scottsdale, AZ
01.2012 - 01.2017
- Selected by senior management to participate in PayPal's 2-year Technology Leadership Program (TLP). Received mentoring from VP and C-level executives on the company's global business strategy and provided leadership across different domains.
- Managed $5 million budget and 25-member team; developed high-performance, high-availability functions of core payment infrastructure for internal stakeholders.
- Drove requirements for rapid global online payment method; led creation of Transaction Engine, processing 2,000 transactions per second, resulting in $40 billion in monthly transaction processing volume (TPV).
- Directed development of Tokenization platform - PayPal's first Issuance Engine - fulfilling client commitments to Facebook, Google, and Vodafone while overseeing five concurrent Tokenization projects.
- PayPal Holdings, Inc. (NASDAQ: PYPL) operates a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users.
Architect/Lead Developer
GARMIN
Chandler, AZ
01.2009 - 01.2012
Software Engineer
SAP
Scottsdale, AZ
01.2007 - 01.2009
Education
Master of Science - Computer Science
ARIZONA STATE UNIVERSITY
Tempe, AZ01.2009
Bachelor of Technology -
HERITAGE INSTITUTE OF TECHNOLOGY
Kolkata, India01.2007
Skills
- Strategic Planning & Leadership
- Technology Vision
- Product Development Roadmap
- Cloud Platform Champion
- Business & Technical Architecture
- Technical Delivery
- KPI Setting & Measurement
- Full Lifecycle Project Management
- Business Development
- Cross-Functional Collaboration
- FinTech & Payments Solutions
- M & A Due Diligence
- Stakeholder Relationships & Communications
- FinTech
- Agile Methodology
- Strategic planning
- Cross-functional leadership
Patents & Publications
- Closed-loop environment for efficient, accurate, and secure transaction processing (USPTO 12475476)
- Efficient, accurate, and secure transfers of internally-custodied digital assets (USPTO 11961136)
- Countering Repacketization Watermarking Attacks on Tor Network, The International Conference on Applied Cryptography and Network Security (ACNS), 2010
Timeline
Managing Director, CTO Embedded Finance & Solution
JPMorgan Chase
07.2022 - Current
Chief Technology Officer
CLEARSPEND
01.2021 - 06.2022
Vice President of Technology
BAKKT
01.2019 - 09.2021
Vice President Engineering
ONEMARKETNETWORK LLC
01.2017 - 01.2019
Engineering Manager | Product Manager | Business Development | Staff Engineer
PAYPAL
01.2012 - 01.2017
Architect/Lead Developer
GARMIN
01.2009 - 01.2012
Software Engineer
SAP
01.2007 - 01.2009
Master of Science - Computer Science
ARIZONA STATE UNIVERSITY
Bachelor of Technology -
HERITAGE INSTITUTE OF TECHNOLOGY