Business services
What is a money transfer API? A complete guide
We aim to explain what APIs (application programming interfaces) truly represent and how financial institutions utilize API banking to facilitate money transfers. The reason for that is twofold: first, the growing popularity of using API to send money or utilize other financial services, and second, Genome, as a provider of API-driven payment tools, sometimes faces questions from clients such as “What is banking API,” “Do I need API for a bank account,” and so on. Discover what API banking is and how Genome utilizes APIs for its financial services below. What is an API money transfer? In broad terms, a
Product news
Genome’s month in review: June 2025
June has come and passed, marking the official start of summer – and with it, a perfect time to catch up on the latest from Genome! Find out how our partnership with Sepagon expands our API-based services to more businesses, explore Malta’s iGaming landscape, learn the formulas for COGS and EBIT, choose the best money transfer app, and more – all through our June updates! Genome empowers Sepagon clients with instant C2B payments and notifications Our new services are finding their use among other companies, and our team can’t be happier to help! Our partnership with Sepagon, an open banking
Product news
Genome brings a major security-related update to its app
At Genome, your security is our top priority, as our team continually works to improve features that enhance the protection of your money and data. That’s why we’re excited to announce a security update launching in June for your Genome app! It is an upgrade to the two-factor authentication (TFA) process. Just a reminder, a TFA is used to verify your identity using at least two factors: something you know (a password), something you have (your phone), or something you are (like a fingerprint). Thus, if an unauthorized party attempts to log into your accounts, perform transfers, or take other
Product news
Genome’s month in review: May 2025
What a busy spring it has been, passing by seemingly in an instant! As we are welcoming the summer of 2025, how about checking the latest updates Genome has to offer? Learn more about the purposes of virtual cards and business debit cards, Faster Payment limits, the difference between personal and business accounts, the best cards for international travel, and more. What is a virtual card? Exploring its benefits It’s no secret that multiple banking cards are currently available on the market, each offering its own benefits. But what about cards for your specific needs, like fast and safe payments?
Business services
How to make VAT payments online as a business owner
Value Added Tax (VAT) is a standard component of business operations in 175 different countries, including the EU countries. In fact, the European Commission plays a central role in shaping VAT rules across the EU countries. It is a type of consumption tax that is often confused with sales tax, but it differs significantly in structure. Countries use either sales tax or VAT to tax consumer spending, but they collect them in different ways. Still, VAT is more complex due to its refund system for businesses, which makes those fiscal responsibilities even more critical. To sum up, VAT differs from
Product news
Genome’s month in review: April 2025
Here comes the end of April, bringing you a subtle transition from spring’s freshness to summer’s heat and yet another month in review from Genome! The month was packed with informative articles for both businesses and individuals. Find the topics that might interest you below! Banks and financial institutions: which one’s for you? Nowadays, there’s a plethora of financial institutions, and for a good reason: many of them provide specific services catered to particular companies, types of users, and ways in which such services are provided. We covered such topics in multiple blog articles. For instance, navigating the financial landscape
Product news
Genome’s month in review: March 2025
March has been a dynamic month at Genome, enjoyable and productive at the same time. How is your springtime going? While our developers are cooking up new features, we have prepared a bunch of interesting and informative articles for you! Read on to find out more! Genome’s ISO certifications are acknowledged in the media If you have missed the big news, Genome achieved the ISO 27001 and ISO 27701 certifications last month, meaning we apply effective security measures to protect our clients’ data up to the highest industry standards. This achievement is important for a financial institution like ours, and
Product news
Genome’s month in review: February 2025
Say bye-bye to the winter season! It’s finally time for spring, flowers, and fresh beginnings! Genome ended winter strong, bringing you an exciting product update, some important news, and many useful articles! Read on to find out more! We are now ISO 27001 and ISO 27701 certified! Data security is something that doesn’t leave our team’s minds on any given day. We constantly work on improving every aspect of it. So, it is very rewarding to know that our efforts were recognized. Genome has achieved ISO 27001 and ISO 27701 certifications, underscoring our commitment to improving and perfecting information security
Product news
Real-time payment notifications for businesses: know about client transfers instantly!
Genome ended the year 2024 strong with a new exciting feature for our business wallet users, and we’re finally ready to unveil it! Introducing real-time notifications for incoming payments via API using webhooks. Thanks to the feature, you will learn about incoming payments instantly! The webhook messages are sent straight to URLs defined by your business. This service was tailor-made for industries like iGaming, marketing, e-commerce, retail, and others, helping you keep tabs on external payments like a pro. With it, you can finally say goodbye to unnecessary stress and hello to smoother operations, happier customers, and a whole lot