Ripple Labs Elected to Fed Steering Committee for Faster Payments

thefed

The Fed’s Faster Payments Task Force is responsible for improving the U.S. payment system. Photo: Tim Evanson

Ripple Labs is honored to have Ryan Zagone, Head of Research on the Business Development team, elected to the Federal Reserve’s Faster Payments Task Force Steering Committee.

The Fed launched the Faster Payments Task Force earlier this year to engage stakeholders in payments and advance the vision outlined in its January report, Strategies for Improving the U.S. Payment System.

The task force attracted over 300 participants across a diverse range of segments including financial institutions, technology providers, trade groups, end users, businesses, payment networks, government, and more.

Ryan Zagone
Ryan Zagone, Head of Research (BD)

To help guide the task force, a 16-member steering committee was elected to represent the working group’s numerous stakeholders.

As part of the Task Force Steering Committee, Ripple Labs is humbled to have been elected by our peers to be a voice of the technology and non-bank service provider sector.

At Ripple, Ryan works with financial institutions, regulators, and central banks on infrastructure efforts and faster payments initiatives globally. His experience includes efforts in the U.S., U.K., the Single Euro Payments Area, and Canada.

Prior to joining Ripple, Ryan focused on payments innovation and retail bank strategy at Deloitte. He previously worked on regulatory relations and economic research at the American Bankers Association.

Regarding the election, Ryan said, “It’s a privilege to be selected. I look forward to leveraging Ripple’s global experience as the task force assess ways to increase speed, efficiency, access to, and competition in payments.”

“I will continue Ripple Labs’ constructive approach in working with peers, bank partners, and the broader financial industry—including NACHA, IPFA, and the W3C.”

“Above all, I am committed to being an open and inclusive presence on the task force, representing the priorities and concerns of fellow non-bank service providers.”

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