Genome’s month in review: November 2024

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Nov. 29, 2024

Genome’s month in review: November 2024

Winter is upon us, and what is a better way to greet it than a cozy read? Genome can certainly deliver on that, as in November, we wrote multiple detailed articles that can help you better understand banking services and financial management. Read on to find out more.  

Shop smart during Black Friday and other holidays

Black Friday has become a global shopping phenomenon, enticing buyers with promises of massive discounts and exclusive deals. However, Genome’s guide emphasizes the importance of smart financial decisions during this shopping frenzy.

For instance, some financial tools, even within Genome itself, can enhance your shopping experience, save money, and improve your decision-making. 

Learn more about these financial services and prepare for Black Friday, Cyber Monday, and any other holiday shopping events! 

Learn the full potential of your local ATM

Automated Teller Machines (ATMs) are a widely-used banking technology people don’t even consider something special anymore. However, when the first ATM was invented, it was one of the key components that pushed the banking industry to become the client-oriented sphere we all know and love today. 

Not to mention, ATMs have far more features than just money withdrawals and balance checking. You can learn about all of them, as well as find out how Genome’s cards are compatible with ATMs, in our dedicated article.  

Explore various money transfer options

It is truly incredible how many money transfer options exist nowadays, all having their benefits and conditions for use. In November, our team decided to remind you about some of them.

For instance, BACS payments are a key part of the UK’s banking system, facilitating secure and reliable bank-to-bank transfers. Thanks to its cost-effectiveness and reliability, this method is widely used for regular payments like salaries, benefits, and invoices. 

Meanwhile, ACH transfers are a signature domestic payment method in the US.  These are efficient and secure, commonly used for payroll deposits, recurring bill payments, and government benefits like social security.

And, of course, our team could not ignore the SEPA-related payments – SEPA Direct Debit transfers. This payment method is tailored for automating recurring euro payments across the EU and even has two variations for individuals and businesses. 

While we are on the topic of money transfers, why not remind yourself what BIC/SWIFT codes are in case you want to send an international transfer? 

Enjoy the app for all your financial needs

Mobile money transfer apps are revolutionizing the way people send and receive funds globally. These apps provide a fast, secure, and convenient alternative to traditional banking. After all, sending payments in just a few clicks from your phone is always great news. 

There are mobile money transfer apps that provide such services, but Genome does so much more! Our Genome app allows you to open and manage personal and business accounts in real time, make money transfers, issue and use virtual/physical Visa cards, and more! Download our app from the App Store or Google Play for free and see for yourself! 

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Oct. 31, 2024

Although October is considered spooky, Genome only has exciting news for you! The month was rich with product and feature updates, as well as valuable guides on better banking and finances! Read on to find out more! Send and receive SEPA payments within seconds! Are you ready to experience lightning-fast euro transfers? Genome’s team has got you covered! We have enabled SEPA Instant Transfers, allowing all our clients to make euro payments across the Eurozone in mere seconds. This new feature works for both outgoing and incoming SEPA transfers without the need for extra setup. Moreover, it is priced the

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Oct. 21, 2024

In today’s fast-paced world, speed and efficiency are more important than ever, especially when it comes to financial transactions. Our team at Genome knows that all too well, and we are happy to share the news about our transfer feature!  Genome’s game-changing SEPA Instant Transfers are now available for outgoing payments as well! Now, you can send and receive transfers in euros within seconds. Such a transfer option is perfect for the momentary, cost-effective day-to-day financial operations and business transactions within the Eurozone. Note that the payer’s/beneficiary’s financial institution needs to have the SEPA Instant scheme integrated so they can

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Oct. 14, 2024

This year, Genome unveiled an international money transfer feature for its business wallet users. It allows receiving and sending business payments to over 40 countries, benefiting from Genome’s easy-to-use interface.  With these, companies can significantly expand their global footprint and take advantage of new growth opportunities in various markets. Our team is happy to announce that we are ready to expand this feature. We are adding extra currency options for business wallets to send and receive SWIFT transfers. These currencies are Polish zloty (PLN), Swiss franc (CHF), Japanese yen (JPY), and Canadian dollar (CAD). It means that you can now

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Sep. 30, 2024

Autumn crept up on the world at a fast pace. But for Genome, it’s not a problem – we enjoy any season as long as it doesn’t slow down our work.  Speaking of, we have a lot of new articles and some updates for you. Want to learn what’s new? Check our latest month in review! An EVENTful September Our team was delighted to participate in two key industry events: Nordic Fintech Week and the SBC Summit in Lisbon. At Nordic Fintech Week, the team discussed the future of finance and explored the latest advancements in fintech. Meanwhile, the SBC