Tech briefs

FinObjects buys Indian subsidiary

Treasury Management vendor Financial Objects has bought an Indian technology company, Afrocom Technologies in Bangalore.

Afrocom now becomes Financial Objects Software (India), and will provide development support for the activebank division in the UK, which includes an FX options processing module. Peter Watts, activebank director, said the firm aims to double the headcount of the team in Bangalore by year-end.

The firm decided to buy, rather than outsource,

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