The meaning of the Thoma Bravo acquisition of Intuit's Financial Services group is just this:the focus is back on the financial institution, said Jose Resendiz,a vice president at the company.

His point is that, inside Intuit, the focus is centered on theconsumer. As part of private equity fund Thoma Bravo, Resendizsuggested, there will be greater emphasis on what financialinstitutions want and what best serves their needs.

The merger also proved that even in financial tech, what's oldcan be new again, as the one-time Intuit Financial Services groupnow has been renamed Digital Insight, a company formed in 1995 anda pioneer in online banking solutions.

Intuit bought Digital Insight – for a reported $1.35 billion – in2007. Founded by former staffers of credit union core processor XPSystems, Digital Insight served as the backbone of what then becameknown as Intuit Financial Services.

The sale to Thoma Bravo was announced at $1.025 billion.

In a press statement, Resendiz said, “We will remain focused oncreating and delivering solutions that help mid-market financialinstitutions be at the center of improving their customers'financial lives so bankers can engage in deep, profitablerelationships. Working with Thoma Bravo enables us to furtherenhance our focus on meeting the business needs of financialinstitutions.”

In an interview, he elaborated, “Our customers are excited thatwe can go back to focusing on the financial institutions. They areexcited we are going back to our roots.”

He admitted that at least some customers had a concern: Can thisnewly independent entity sustain the innovation it had become knownfor inside Intuit? Said Resendiz, “The reality is that theinnovation came from our employees who are still with us.”

Resendiz said Digital Insight now has around 650 employees. Andaround 600 mobile banking apps in the Apple Apps Store and GooglePlay.

An emphasis in the near-term, Resendiz said, will be findingmore ways for financial institutions to generate incrementalrevenue in the online and mobile channels. “That is what they tellus they want. We are looking at ways to build in cross-selling andupselling opportunities.”

As for Finance Works – the personal financial management toolthat went to Thoma Bravo in the acquisition – its future vis a visMint, the PFM retained by Intuit, remains unsettled. Although Inuithad indicated some months ago that it planned to offer Mintdirectly to financial institutions, that may be in flux, post thespinoff of Intuit Financial Services. “We are in talks aboutpossibly offering Mint to our FIs,” said Resendiz.

He stressed however: “We will continue to offer FinanceWorks.”