Symbiont hires J.P. Morgan payments innovation expert as Director of Payments

Symbiont, the financial technology company that is creating the next generation of financial markets infrastructure using blockchain technology, announced the addition of Jason Park to the firm. Park joins from J.P. Morgan, where he was the Head of North America Payments Strategy within the Wholesale Payments business. Park will be part of Symbiont’s Product team as the Director of Payments, working directly with financial institutions such as banks and assets managers to help manage risk, cut costs and create new opportunities using Symbiont Assembly™, Symbiont's enterprise blockchain platform.

“Jason’s experience in driving payments transformation will add a new dimension to Symbiont’s product offering and help guide our clients on how to utilize our technology to transform their payments operations,” said Mark Smith, CEO and Co-Founder of Symbiont. "We are proud to have him join our team and look forward to creating new client relationships to leverage his expertise.”

Park worked for over 5 years innovating in the payments business at J.P. Morgan and has a background in consulting and financial advisory for PwC covering the financial services sector. He specializes in payments innovation, product strategy and partnership efforts. He played an instrumental role building and leading the J.P. Morgan payments strategy team that covered North America payment products, driving innovation, growth, and digital transformation agenda.

"Blockchain is the key driver in shaping the future of payments. Using Symbiont’s permissioned blockchain network, I see tremendous opportunities to help financial institutions make payments faster and easier and innovate how payments data is exchanged.” said Park.

Symbiont's Payments Team leverages Symbiont Assembly's™ unique capabilities to radically simplify the infrastructure of institutional capital markets. With Symbiont's enterprise blockchain technology, payments processing can be streamlined, helping to reduce the time and costs of instantaneous payments among financial institutions. The application benefits from the tamper-proof decentralized database that can be shared among institutions with no need for costly reconciliation processes.

About Symbiont Symbiont is the enterprise fintech company creating the next generation of financial markets infrastructure using blockchain technology. Assembly™, Symbiont’s enterprise blockchain platform, creates efficiencies, eliminates manual data replication and reconciliation processes, and enables real-time data sharing with complete privacy. Headquartered in New York City, Symbiont is led by a team of experts in capital markets and blockchain technology. We operate across a variety of use cases, e.g., Mortgages (mortgage issuance and servicing), Financial Data Management (financial index management, payment networks), Fixed Income & Currencies (ABS and bond issuance on chain, OTC derivatives collateral management, CDBC) and Alternative Assets (private digital equities, alternative markets, supply chain & trade finance). To learn more about Symbiont, please visit symbiont.io or contact the team at info@symbiont.io.