Sujit “Bob” Chakravorti is the Founder and CEO of Chakra Advisors, a strategy and management consulting firm, that advises financial institutions, technology firms, policymakers, and FinTech startups. His vision for Chakra Advisors is to facilitate more efficient and accessible financial services for consumers and businesses.
Two examples of FinTech companies that Bob advises are Digital Mint and Inamo. Digital Mint increases access to electronic payments by making bitcoins accessible to underbanked households to access digital payments. Inamo has 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 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 is a frequent speaker at industry and academic forums globally and 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 International Monetary Fund, the European University Institute, and the University of Granada. He serves on the Survey of Consumer Payment Choice Advisory Board at the Federal Reserve Bank of Boston and is an associate editor for the Journal of Financial Market Infrastructures. He was one of the inaugural members of the Consortium for Systemic Risk Analytics housed at the Massachusetts Institute of Technology.
Bob received his PhD in economics from Brown University and his BA in economics and genetics from the University of California-Berkeley.