Sometimes it’s hard to imagine that years ago money transfers between European countries took up to five business days and fees for the services differed vastly. But now these transfers are mostly seamless thanks to the adoption of SEPA. In this blog post, we will take a look at how SEPA came to be, what are the advantages, and explain to people who are new to SEPA transfers how to make them. Ready? Let’s start. What is a SEPA payment SEPA, which stands for a single euro payments area, is an initiative implemented by the European Union to integrate electronic

It’s that time again – the month is over and we’d like to update you on all of the important news, updates, and events that happened in regards to Genome in June. Interested? Then buckle up and let’s start the month in review. A new blog article about online banking We continue expanding Genome’s blog with more articles about banking and payments so that our existing and potential clients could have access to a comprehensive guide on every aspect of the industry if they need to. This time we’ve looked into the topic of online banking and what do you need to know

The COVID-19 pandemic definitely has pushed financial institutions to change the ways they operate and come up with new solutions for this.These and other topics were recently discussed during the Fintech week Lithuania online conference on the 15-18th of June. Genome also participated in the event and we would like to share some of the most interesting ideas voiced during a panel “The most exciting COVID-19 crisis innovations that will shape the future of Fintechs”. The issue was deliberated on by the head of Fintech Lithuania at Infobalt Paulius Tarbūnas, head series producer and host at Fintech Finance Douglas Mackenzie,

Opening a business account at a bank might be worrisome, as you are never quite sure about the ever-changing requirements and documents needed to start one. And sometimes you don’t have any free time to spend on multiple visits to the banking institutions – especially now when it’s better to minimize unnecessary contacts due to the pandemic.Thankfully, there is a faster and safer alternative like Genome, where you can open multiple personal, business IBANs or merchant accounts completely online – no need to waste time or risk your wellbeing.Using Genome’s business IBAN you can send low-cost internal, SEPA, and SWIFT

There has been a lot of new updates and engaging content coming from Genome lately, so we’ve decided to share a summary of the most important and interesting events, features, and blog posts of May 2020. Genome’s COVID-19 initiative continues to gain recognition. Yes, technically we have canceled all the service fees for our low-risk clients in April, but the offer will last till July 14th, 2020, and is time-sensitive, as some countries are still facing the lockdown due to the pandemic.The relevance of our initiative was recognized by FinTech advisor Marcel Van Oost and IBS Intelligence last month, and by Financial IT in May.  Genome has launched a referral

We understand that you might have questions about Genome and its services while browsing our website. That’s why we launched an online chat, where you can communicate with our support team in real-time. You can find the chat in the right lower corner of Genome’s main page, as well as in IBAN account, Money transfers, Merchant, Referral, Pricing, and Support sections.  To start using the chat, enter your name, e-mail address, and a message itself that might include questions and suggestions regarding Genome services. Our support consultant will get back to you within minutes during working hours on weekdays.  If it is a weekend and our support team

The first instances of online banking, as we know, started to emerge in the mid-90s when the internet itself became public. The popularity of internet banking keeps growing, as technologies develop and become more accessible and widespread worldwide.  Just see for yourself: in 2007, 25% of people within the European Union used the internet for online banking, and in 2017 this figure more than doubled to 51%.  As of 2019, online banking penetration in the EU markets reached 58%, with over 90% of Norwegian, Icelandic, Danish, Finnish, and Dutch populations accessing online banking sites.  The recent lockdown around the world

It’s been a bit more than a year since Genome opened its beta to the public during The White Nights Conference in Berlin. But a lot has happened since then: our EMI was recognized as the Best Online Business Payments Platform 2020 within Europe, launched a referral program beneficial to our clients, and also started a COVID-19 initiative to support low-risk businesses during the pandemic.  We tried our best to gradually enhance the quality of our services, and thanks to that became a part of something even greater. Invest Lithuania, the Lithuanian investment promotion agency published a report called “The Fintech Landscape in Lithuania 2019-2020”. In it, the

Genome made it to the EGR B2B Awards shortlist in Innovation in payments solution category! We at Genome work hard to deliver the best services to our clients. So, seeing that our endeavours are acknowledged and appreciated is very rewarding.Our platform got into the EGR B2B Awards shortlist and is nominated for the Innovation in payments solution title. This is Genome’s first EGR B2B Awards nomination, and this year EGR received 520+ entries, which is their record. Thus, our gratitude for being included in the shortlist is even greater. Known for its coverage of online gaming industry news, the eGaming

Due to the issues of our banking partner, Genome is facing an unfortunate update related to SWIFT. For this reason, starting May 21st, Genome will not be able to accept and process any new requests for SWIFT transfers and currency exchange. We are deeply sorry for the inconvenience, but we want to assure you that it is a temporary problem Genome is trying to resolve ASAP. Rest assured that we will inform you as soon as the issue is fixed. Meanwhile the SEPA transfers are still at your disposal and will be handled with no delays, as well as other