Genome now answers your questions in real-time

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

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

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