Armanta CEO: The Risk Paradigm is Broken

Peter Chirlian, Armanta

The risk process should revolve around enabling bright people to flexibly exercise their intellect and act on their instincts. If they are slaves to the capability, or lack thereof, of the tools at their disposal, boxed in by what the analytics can't do, then the people asset is wasted.

"If you look at what people traditionally did in risk management, they ran very long-running calculations, typically over the weekend or maybe overnight if they were good," he says. "They would generate some data