Yes, tightly related. For simplicity, let’s first assume trivial topology and no cosmological constant. In that case, the only three possibilities are spherical geometry, flat geometry, and hyperbolic geometry. The spherical geometry corresponds to a universe which will end in a Big Crunch, and any spacelike slice through it at any given time will have finite volume. In this universe, the sum of the angles of any triangle will be greater than 180 degrees (though the difference won’t be noticeable unless the triangle is close to the size of the universe). The hyperbolic geometry will expand forever, and any spacelike slice at any given time will have infinite volume (except at t=0 exactly, where nothing is really well-defined). In this case, the sum of the angles of a triangle will be less than 90 degrees. The flat geometry, where the sum of the angles of a triangle is exactly 180 degrees, is the borderline between these two cases, but qualitatively it’s a lot like the hyperbolic case: Expansion continues forever, and spacelike slices are infinite.
First complication: The Universe might have nontrivial topology, like an Asteroids screen (or something more complicated). In this case, even if it’s flat or hyperbolic, it can still be finite. But a flat or hyperbolic universe still lasts forever.
Second complication: The cosmological constant might not be zero (in fact, we’re quite sure that it’s pretty large). A positive cosmological constant, such as we appear to have, could, if it’s strong enough, cause a spherical universe to expand forever. Similarly, a sufficiently strong negative cosmological constant could cause a flat or hyperbolic universe to recollapse. This would not have any effect on whether the universe is finite or infinite. Although the cosmological constant is currently positive, it seems to vary in time, or even to turn off and on again. We don’t yet understand why this occurs, so it’s quite conceiveable that it could change radically in the future, and throw off any predictions we might make about the fate of the Universe.
Of course, you can potentially have both of these complications, which means that (for instance) you could have a universe which has finite volume and which recollapses, yet has hyperbolic geometry.
There’s an important distinction, by the way, between “the Universe” and “the observable Universe”. The latter is definitely finite, since the Universe is of finite age and the speed of light is finite, so there’s a limit to how far we can see in any direction. But this does not necessarily imply that the Universe as a whole is finite.