Oliver Wyman, a leading global management consulting firm under Marsh McLennan, has unveiled its acquisition of Innopay, a prominent consultancy specializing in digital transactions. The strategic move is aimed at enhancing Oliver Wyman's robust payments consulting services, positioning Innopay as a specialist consulting entity within Oliver Wyman’s European operations. While the financial terms remain undisclosed, the acquisition is set to conclude by the end of the first quarter of 2024.
Innopay is recognized for its expertise in delivering comprehensive strategies across digital payments, open finance, digital identity, and data sharing. The acquisition will empower Oliver Wyman to navigate the evolving European payments landscape, driven by technological advancements, changing consumer preferences, and regulatory developments. Innopay's CEO, Shikko Nijland, will assume the role of Senior Vice President within Oliver Wyman, contributing to the firm’s payments leadership team led by Dr. Stephen Whitehouse and Ted Rudholm-Alfvin. This collaboration is poised to accelerate the impact of Oliver Wyman's industry knowledge and collaboration, offering a unique value proposition in the dynamic payments sector.
