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CHENNAI: The Chennai-based ObjectFrontier, an infrastructure product company, has launched instant message (IM)-based foreign exchange workflow engine in collaboration with Indian Overseas Bank (IOB).

This Web-based solution is an IM-based inter-branch communication, information and transaction exchange and reporting software for corporate foreign exchange trade business in banks, according to a company press release.

An official of IOB in the release said that the solution has been named as FETREM.

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