Intuit announced its highly expected $7.1 billion purchase of Credit Karma, a move that may produce a personal finance powerhouse that might help banking institutions create targeted item offers for users for the platform.

Intuit CEO Sasan Goodarzi and Credit Karma founder and CEO Kenneth Lin

Intuit, the tax and accounting pc computer software business behind QuickBooks, TurboTax and Mint, decided to purchase CreditKarma for $7.1 billion in money and stock, in a highly expected statement. (more…)