More banking is done digitally today and new financial services are emerging from a variety of companies. Banks themselves are using third-party services for their customers. Banks may have a diminishing role in consumers’ financial lives, giving rise to companies that provide banking and other management services. Critics say banks are slow to innovate, while others suggest they are taking a careful, combined approach with physical and digital services. Continue reading Will Online Services and Apps Replace Local Bank Branches?

President Obama met with a group of 13 corporate executives at the White House on Wednesday to discuss growing cybersecurity concerns and to enlist support for his proposed legislation to combat the threat of computer warfare and corporate espionage. Among the chief execs were Rex W. Tillerson of Exxon Mobil, Randall L. Stephenson of AT&T, Brian T. Moynihan of Bank of America and Jamie Dimon of JPMorgan Chase. Continue reading Obama Seeks Corporate Support for Cybersecurity Initiative