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 EBIT calculating works, its impact on a company’s profits / 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
Business services
Everything you need to know about iGaming payments
The first letter in “iGaming” stands for the internet, which is notable. The iGaming companies were built on the web foundation and naturally rely on reliable and secure payment providers. Here at Genome, we work with such clients and know a lot about iGaming payments. Find out how they work in the article below. What are iGaming payments? Deposits that people make when playing online games, cash withdrawals that customers get after winning at online casinos, or any other online gambling-related two-sided transactions are all considered iGaming payments. Any payment solution or alternative payment method would be considered an iGaming
Business services
Everything you need to know about CHAPS payments
We are used to discussing euro payments in our blog. But what about other transfer options? For instance, CHAPS payments are a specific transfer method used in the UK. Although you can only make a CHAPS payment in British pounds, it still can be very effective for a couple of purposes. Want to learn which ones? In this article, you will find out what CHAPS payments are and how to make a CHAPS payment. What is CHAPS? CHAPS stands for the Clearing House Automated Payment System, which is used for receiving and sending money within the United Kingdom in GBP
Business services
Finding the best online business bank account
Having the right business bank account is a crucial step for any company to take. This will let you carry out your business banking processes and keep control of your funds. Read on to find out how to compare and identify the best online business bank account options. Key features of an online business bank account You need a useful business account that is going to let you send and receive transfers effortlessly, as well as keep track of your financial transactions with the help of the following key features. Accessibility and convenience 24/7 access means online business bank accounts