Growth thrives on change, and in the dynamic financial services industry, change is not only inevitable but essential. Institutions of all sizes regularly deal with changes. While some changes are minor, others significantly impact a financial institution’s (FI) critical activities, which can lead to increased risk in multiple areas across many departments. So, how can FIs effectively manage these changes and mitigate risk? Enter enterprise change management. In this post, we’ll explore what qualifies as a significant change, how enterprise change management (ECM) works, what regulatory agencies say about ECM, and how FIs can use those insights to create an ECM plan to meet their needs.