Private equity firm Thoma Bravo is buying Intuit Inc.’s (Nasdaq: INTU) financial services division for about $1.03 billion.

Intuit’s financial services division, headquartered in Westlake Village, Calif., focuses on providing a digital banking platform and mobile services to financial institutions. Services include digital payments and mobile banking. OFX connectivity and, two Intuit units in the financial services division, are not included in the deal.

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