Building Banks with Generation-C

James Gardner at Bankervision has been thinking about "future-proofing" banks, and takes inspiration from Linux and Crowdsourcing:

We've been tracking a trend at the bank we call Generation-C, the generation that wants to Create. These are the people who write blogs, who mash up applications to create new ones, who contribute to forums and put themselves out there....

What might the power of crowds create if we let them loose on banking products and services?

Because if these Generation-C folk can create a better operating system for free than the folks at Redmond with billions to spend on R&D, what might fantastic things might Generation-C do for financial services?

Indeed.  I think the same goes for law practice.  What do you think?