SWIFT transfers have been around for decades, and they are surely not going anywhere in 2022. And no wonder, as it is a great tool to transfer money online to hundreds of countries.  Do you want to use SWIFT transactions to their full potential? Then this Genome article is for you! Learn more about the SWIFT banking system, how you can make a SWIFT transfer, and how to send it correctly. We will also shortly cover the difference between BICs and BINs.   Some useful facts about SWIFT in the banking system The Society for Worldwide Interbank Financial Telecommunication is a

Today to open a bank account and access your finances, there is no need to go to an actual banking branch. All the services can be accessed online anytime that is comfortable for you. It all is possible thanks to the banking sector’s digitalization. This Genome article is dedicated to digitalization, its nature, history, benefits, and future. What is digital banking? The term digital banking represents those banking systems that deliver their services via the internet. To function well, digital banking should combine such products as a front-end interface for a client to interact with, a back-end system for bank workers to operate services,

With all kinds of financial services becoming available through functional mobile applications, business digital wallets are also more convenient and accessible now. Large or small company owners and even sole proprietors will benefit greatly from having an online account to manage their expenses, transfer money online, and accept funds from customers.  In today’s blog post, Genome is talking all about the reasons to open an account for your business and discusses all the advantages of such an online account.  Strong reasons to open an account for your company In both Europe and the USA, business bank accounts have similar functionality and serve the same purpose –

A business bank account has long stopped being an option. Modern companies of all sizes working both on domestic and international markets choose to have business wallets even if it’s not a must. The explanation is much more simple – a business account makes the life of company owners and their clients effortless and painless (almost).  Genome helps its customers with opening both business wallets and merchant accounts, which are the must-haves for any company. Today’s blog post will discuss the most well-known business bank accounts and what makes them special.  Business account explained There’s a common misconception that a business bank account

The banking sector is one of the spheres heavily influenced by IT. To a large extent, financial services trends depend on the possibilities of modern technologies. Banking technology and IT go hand in hand to ensure a smooth and seamless banking experience for users in any part of the world.  Genome is a financial services provider that boasts the implementation of mobile technology in banking. Our mobile and web applications for personal, business and merchant accounts were created using the latest banking technologies. In today’s blog post, we will discuss the future of banking and the growing trends.  Future of banking:

A virtual card is something that could seem like a distant future, even twenty years ago. Yet today, it is quite a common thing, which has become handy for many bank clients. This article is dedicated to virtual cards. We will talk about banking cards in general, how they work, and how they evolve to give existence to virtual cards. And after, we will focus on what a virtual card is, its characteristics, usage, and how to actually have one. What is a bank card, and how does it work? A bank card allows its user to access the bank’s

Cashless payments have long stopped being a cool novelty. They are not only safer for the environment but also more convenient, faster, and easier to make daily. In today’s Genome article, we’re talking about the best debit cards for Apple Pay – an E-wallet for safe transactions and NFC contactless payments.  What is Apple Pay This application was first introduced to the general public back in 2014 and, since that time, has taken over smart devices all over the world. Google Pay (Android) and Apple Pay (IOS) are the two most widely used tools for NFC contactless payments. To put it simply, these are

In the world of NFC contactless payments, it’s easy to get lost when selecting a debit card and a financial provider to use. So when all digital wallets and cards work the same way, how do you find the best option? Genome helps its clients with opening personal and business bank accounts and issuing cards both for personal and business use. In today’s blog post, we’re talking about safe transactions and NFC contactless payments – everything you need to know about Google Pay and what are the best debit cards for it. Why NFC contactless payments are getting popular Digitalization is

A reliable banking system is very important in daily life activities and work. But how do you choose a good bank when you are a foreigner in Germany? Read this Genome article to find out which factors to compare and which financial services we recommend for personal needs and business. How to open a bank account in Germany for foreigners without a German address? Choosing a bank when you are a foreigner in Germany is the same as choosing a bank anywhere, except it depends on your registered address. And we are here to take the most inclusive option. If you do not

May is up, and so is spring. But the summer is coming in hot, and so are Genome’s updates. Find out what’s new in a blog post below. Proceed with caution – we will show you how This month we had multiple articles dedicated to people’s security online, especially regarding financial services and apps. Yes, banks and PSPs must ensure your funds and data are protected when you use them. But some things are out of their control, and clients need to be cautious of them as well. Thus, our articles are perfect for learning about it. In one of