Company
Genome enables Sepagon clients with faster C2B payments and alerts
Genome’s team constantly improves its financial features not only to make our clients’ experience more straightforward but also to help enhance the services of other businesses within the payments industry. We are pleased to report that our recent partnership with Sepagon, an open banking payment platform, is a direct result of this. Sepagon now integrates our secure incoming payment APIs and real-time C2B payment notifications, allowing it to take the speed, transparency, and reliability of C2B payments to a whole new level. Thanks to Genome’s API, businesses that use Sepagon can now accept payments directly from customers’ bank accounts. It
Business services
What is the Faster Payments limit, and how does it affect business transfers?
The Faster Payments system in the UK has changed how quickly money moves between bank accounts. No more waiting days for funds to clear: people and businesses can send money and see it arrive almost instantly. This real-time payment system makes it easier than ever to pay bills, suppliers, and employees – whether through online banking or a mobile banking app. But as convenient as this is, the Faster Payments service does come with limits. Understanding those limits is key to managing your finances and bank accounts. Whether you’re a small business owner paying suppliers, a freelancer receiving wages, or
Business services
Ecommerce checkout optimization: boost conversions with these best practices
The topic of ecommerce checkout optimization is always relevant for merchants, as it quite differs from brick-and-mortar stores and their checkout processes. After all, many ecommerce websites face high checkout abandonment rates nowadays. According to the data collected by the Baymard Institute, 70% is the average documented online shopping cart abandonment rate. In other words, ecommerce businesses lose revenue because people fail to complete the purchase after they add items to shopping carts. So, how do you reduce the checkout abandonment rate and improve the payment process for clients? We will review the most common mistakes when it comes to
Business services
Best bank for new businesses: everything you need to know
Finding the best bank for new businesses is one of the significant challenges for any start-up or emerging small business. We’ll be looking at the main reasons you must be careful and thorough when choosing a business account. It will ensure that you get the right financial partner for growth that offers good financial management and transaction efficiency, among other benefits. Why it matters to pick the right business bank A business bank account must meet a small business’s needs to be effective. It means reasonable monthly fees, good customer service, and a range of business-focused products. Business banking services
Company
Genome reaches a milestone in security and personal data protection with ISO 27001 and 27701
When it comes to enhancing the security of the Genome platform, our team never stops. Our team is well aware of all the pitfalls when it comes to running and maintaining the safety of financial services, which is why we are always on top of the latest security-related solutions in the industry. And, the team is happy to see that our efforts in this field paid off! Genome is now ISO 27001 and ISO 27701 certified, meaning we apply effective security measures to protect our clients’ data up to the highest of industry standards. What is ISO 27001? ISO 27001
Business services
How to attract investors for an iGaming business: a guide for 2025
The online gambling business is in good shape, a rapidly growing industry with an enormous 5,42% annual growth rate for 2025-2029, which is more than the expected GDP growth in many countries. Global iGaming market trends indicate it’s a worthy investing pool, and it provides many opportunities for rapid growth for iGaming businesses. In this article, our team explains how to attract investors for iGaming business companies, providing some tips on what you can do to succeed. Understanding the iGaming market landscape First and foremost, why is the iGaming market in such a good position? If we take a look
Business services
Understanding TARGET2 payments: Europe’s centralized payment system
SEPA transfers are not be-all-and-all when it comes to payments in euros. After all, you have another option – TARGET2. But what are these transfers exactly, and how do they work? Genome’s here to help you figure this out! Learn how TARGET2 payment transactions work and what their benefits are in the article below! What is TARGET2? Trans-European Automated Real-Time Gross Settlement Express Transfer, or the short and sweet TARGET2, is a payment system used by some of the EU banks to make cross-border payments in euros. It was implemented as a part of Eurosystem’s monetary policy to enhance the
Business services
Understanding batch payments: a comprehensive guide
A batch payment feature is yet another financial tool bigger companies need to expand their business. It allows them to make multiple payments to multiple recipients in one transaction instead of different transactions. In this article, our team will explain how a batch payment processing system works and why such a feature can be a game-changer for businesses, customers, and transaction processing. What are batch payments? Batch, bathes, mass, bulk transfers, etc. You may already hear some of these terms. All of them usually refer to a batch payment service. As the name suggests, it is a process of grouping
Business services
What is EBIT? Understanding earnings before interest and taxes
Earnings before interest and taxes (EBIT) is a simple profitability metric that any company can use when evaluating its economic performance, such as operating expenses. This is yet another formula, along with gross profit, cash flow, etc, that you need to know. In this article, we will explore the topic and show how to calculate EBIT, its impact on a company’s profitability / financial statements, and what businesses can learn from it in general. What is EBIT? To calculate EBIT for your business operations, we first need a clear definition. So, EBIT is a financial performance metric that measures a