Sujit “Bob” Chakravorti is the Founder and CEO of Chakra Advisors LLC, a strategy and management consulting firm, that advises financial institutions, technology firms, policymakers, and FinTech startups. His vision for Chakra Advisors LLC is to facilitate more efficient and accessible financial services for consumers and businesses.
Currently, Bob along with two Chakra Advisors advisory board members are participating on a World Bank Group project funded by the Bill and Melinda Gates Foundation. The study identifies appropriate incentives to encourage adoption and usage of digital payments by micro, small, and medium retailers in various parts of the world with an eye towards developing countries. The project is expected to conclude in 2021. In addition, Bob serves as a thought leader for a global payments network. He provides strategic advice on innovations, pricing, and formulation of sound economic policy.
Bob is also a sought after international speaker and well known subject matter expert on FinTech, banking, and payments focusing on market disruptions and its impact on competition and superior financial products. Recently, Bob has given talks or conducted workshops at the International Monetary Fund, the Lam Family College of Business at San Francisco State University, National Institute of Bank Management (Pune, India), the Weatherhead School of Management at Case Western Reserve University, and Visa. He has been interviewed by major media outlets such as the Financial Times, Wall Street Journal, and American Banker. He has published over 40 articles in academic and industry journals.
In addition, he has been invited as an international financial market expert by the Bank of England, the Bank of Mexico, De Nederlandsche Bank (Dutch central bank), the European University Institute, and the University of Granada. He is an associate editor for the Journal of Financial Market Infrastructures. He was an inaugural member of the Consortium for Systemic Risk Analytics housed at the Massachusetts Institute of Technology.
Two examples of FinTech companies that Bob has advised are Digital Mint and Inamo. Digital Mint increases access to electronic payments by making cryptocurrency accessible to underbanked households to access digital payments. Inamo developed an information platform that allows for contactless payments, access into buildings and concerts, and potentially storage of government-issued identification for on-the-go consumers wanting to abandon their wallets.
Prior to his current role, Bob was the Chief Economist at The Clearing House (TCH), the operator of the largest U.S. private sector payment system and at the time, a trade association for the largest 24 commercial banks operating in the United States. As Chief Economist, he oversaw all quantitative studies and was an advisor on strategic financial market and payments matters facing the banking industry.
Before joining TCH, Bob spent 15 years at the Federal Reserve Banks of Chicago and Dallas as a senior research economist conducting financial market research with an eye toward innovation and policy development. Prior to joining the Federal Reserve System, he worked at KPMG as an international economist advising foreign governments on financial market modernization.
Bob received his PhD in economics from Brown University and his BA in economics and genetics from the University of California-Berkeley.
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