HNC Software Inc. said it has licensed its ProfitMax Bankruptcy software to First Union Corp.

The predictive modeling system, based on HNC's neural network technology, identifies potential bankruptcies in card transaction patterns.

"Our volume and quality focus make state-of-the-art risk management more important than ever," said Fred Winkler, executive vice president of First Union's customer direct access division.

The $144 billion-asset First Union has used other HNC products. It most recently installed the Capstone application-decision processing system, said HNC vice president Krishna Gopinathan.

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