Oliver Wyman, a division of Marsh McLennan (NYSE:MMC) and a leader in the world of management consulting, announced today that the purchase of Innopay had been completed. Oliver Wyman's current payment consultancy capabilities are enhanced by Innopay.
Innopay provides strategy, plan creation, and implementation in the areas of data sharing, open finance, digital identification, and digital payments. Their services cover the whole payments spectrum, assisting businesses and organizations in recognizing and grabbing hold of opportunities in the digital age.
Within the Oliver Wyman group, Innopay has become a specialized consultancy business operating in the European region. It stays present in Amsterdam and Frankfurt and keeps on operating in the Netherlands and Germany. The transaction's terms were kept a secret.
Oliver Wyman's Head of Payments for Europe, Dr. Stephen Whitehouse, commented on the deal, saying: "Oliver Wyman's payments capabilities will be significantly improved with the closure of the Innopay acquisition. We are excited to work with Innopay and combine our skills, utilizing their knowledge to provide outstanding value and spur expansion in the payments sector."
"Oliver Wyman's acquisition opens up new opportunities for us to expand our reach and deliver impactful solutions to clients," stated Shikko Nijland, CEO of Innopay. We are happy to formally join forces and are thrilled to be a part of a larger organization that shares our ideals for innovation and growth. We can create new value together for both our clients and our coworkers.
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