The management consulting firm McKinsey conducts qualitative and quantitative analysis in order to evaluate management decisions across the public and private sectors. It was part of the Federal Reserve Task Force to assess possibilities of faster cross-border payments to the United States.
Here McKinsey confirmed some of Ripples features:
"Ripple enables FIs the ability to operate cross-border payments faster than the 2-4 days common today.”
“The solution bolsters the certainty of the cross-border payment experience by providing end-to-end transaction visibility to banks, as well as settlement confirmation.”
“enables more transparency in the total cost of a payment to the payee prior to authorization, if participating banks are willing to provide this transparency.”
Information about the Task Force including its results can be found here:
https://fasterpaymentstaskforce.org
For more information, read Ryan Zagone article"Federal Reserve Task Force: Ripple Improves Speed and Transparency of Global Payments":
https://ripple.com/insights/federal-reserve-task-force-ripple-improves-speed-transparency-global-payments/