HNC Software Inc. announced a strategic alliance with Open Solutions Inc., which includes a minority equity investment in the Glastonbury, Conn., banking and credit union software provider.

HNC, which has made a series of such cooperation deals with companies in related fields, said it expects its predictive software technology with enhance Open Solutions' core software offerings while gaining distribution in the midsize financial institution market.

Their first joint project is to integrate HNC's Falcon Cheque fraud- detection software for checking accounts with Open Solutions products.

Open Solutions' chairman and chief executive officer, Douglas Anderson, said, "As a result of the alliance, we expect our client base to broaden as larger financial institutions become exposed to OSI*'s technology."

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