Enterprise 2.0: the next generation

A growing number of banks are using Web 2.0 technologies within their risk management, trading and research operations. Clive Davidson looks at how blogs, wikis and podcasts are being applied by financial services companies

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On December 19, 2005, Hans Classen, a director of risk IT at Dresdner Kleinwort, wrote in his in-house blog: "We met with representatives of (the German regulator) BaFin last Friday. We showed them how we are using the wiki for our documentation. They were very positive and said that a wiki was the best way to do documentation. We got a lot of praise for that. The world is changing."

Any regular user of the web will be familiar with blogs (online diaries or web logs) and wikis (open online

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