back Back

Oliver Wyman to acquire payments consultancy firm Innopay

By Gloria Methri

February 12, 2024

  • Digital Identity
  • Digital Transactions
  • Europe
Share

Oliver Wyman, Innopay, Marsh McLennan, Payments Consulting, FinTech, EuropeOliver Wyman, a global management consulting firm and a business of Marsh McLennan, has reached an agreement to buy Innopay, a consultancy firm specialized in digital transactions. Innopay will complement Oliver Wyman’s existing payments consulting capabilities.

Innopay delivers strategy, scheme development, and execution in the domains of digital payments, open finance, digital identity, and data sharing. Its services capture an end-to-end offering in the payments sector to support companies and organisations to identify and seize opportunities in a digital world.

Innopay will join Oliver Wyman as a specialist consulting business within the group’s European region. It will continue to operate in the Netherlands and Germany, maintaining its presence in Amsterdam and Frankfurt.

Commenting on the transaction, Dr Stephen Whitehouse, Partner and Head of Payments, Europe, Oliver Wyman, said, “The European payments landscape is undergoing significant transformation, driven by technological advancements, changing consumer preferences, and regulatory developments. Bringing Oliver Wyman and Innopay together creates a unique offering, which will accelerate the impact of our people and work as we look to unlock value through deep industry knowledge and collaboration.”

Shikko Nijland, CEO, Innopay added, “Oliver Wyman’s acquisition of Innopay is a testament to our commitment to growth and innovation. Its global network and expertise will reinforce our ability to provide market-leading and exciting new opportunities, helping clients navigate the evolving landscape of digital transactions and providing additional opportunities for our colleagues.”

Previous Article

February 12, 2024

4 Payment Gateways disrupting eCommerce market in UAE

Read More
Next Article

February 12, 2024

Finastra & Tesselate team up to digitise trade finance for US banks

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Digital Identity

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Crédit Agricole du Maroc tap Entrust to boost digital payment offerings

Read More

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

Velo Labs’ Orbit teams with POS networks to facilitate crypto payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023