Genome’s month in review: June 2024

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Jun. 28, 2024

Genome’s month in review: June 2024

The hot summer season has just begun, and Genome is bringing in new educational articles that are just as hot! This month, we covered various insightful topics for businesses and individuals navigating the financial landscape. Read on to find out more. 

Brush up your knowledge of SWIFT transfers

Recently, the Genome team introduced international transfers for our business wallet users, including SWIFT, the king of global payments! So, now is a great time to test this money transfer option.

But what if you want to know more about how SWIFT payments work and why they benefit your company? Well, Genome can help with that, too! We have updated our article on SWIFT transfers to remind you how they function and why they’re a great solution for your international payments! 

Discover everything you need to know about IBANs

Speaking of money transfers, we also have upgraded our article about an IBAN – arguably one of the most important parts of SEPA transfers! The article covers the purpose and structure of IBANs, their role in international banking, and how they simplify cross-border transactions. 

Our team also explained the importance of ensuring the accuracy of IBANs to avoid transaction errors and delays. The read is Ideal for anyone involved in global finance or looking to better understand their international bank details.

Learn how to calculate COGS

Want your business to be successful? Well, unfortunately, there are multiple components that are essential to its growth, including different metrics and calculations. The Cost of Goods Sold (COGS) formula is one such metric, allowing you to assess your company’s profitability. 

Our team provided a clear formula and detailed examples, making it easier to calculate production costs accurately. It is a must-read for business owners and financial professionals looking to optimize their financial management and improve their bottom line.

Uncover how cryptocurrencies actually work

Compared to other payment methods, cryptocurrencies are relatively new to the finance game. However, this doesn’t mean they aren’t effective and advantageous for some use cases and transactions. 

Getting into cryptocurrencies may seem difficult for many people due to their unconventional function. However, the process is not that complicated, and you can learn all about it in our article. You can also explore different types of cryptocurrencies and their evolving roles in the financial ecosystem. 

Grasp the concept of gross salary

Whether you’re an employee or an employer, this is the topic you’ll be interested in. After all, the gross salary formula helps to accurately assess earnings before deductions like taxes and social security.  

The article breaks down various elements, such as basic pay, bonuses, and allowances, offering clear examples of gross salary. Moreover, our team also explains how the net salary is calculated, and it is different from gross pay.

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Oct. 31, 2024

Although October is considered spooky, Genome only has exciting news for you! The month was rich with product and feature updates, as well as valuable guides on better banking and finances! Read on to find out more! Send and receive SEPA payments within seconds! Are you ready to experience lightning-fast euro transfers? Genome’s team has got you covered! We have enabled SEPA Instant Transfers, allowing all our clients to make euro payments across the Eurozone in mere seconds. This new feature works for both outgoing and incoming SEPA transfers without the need for extra setup. Moreover, it is priced the

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In today’s fast-paced world, speed and efficiency are more important than ever, especially when it comes to financial transactions. Our team at Genome knows that all too well, and we are happy to share the news about our transfer feature!  Genome’s game-changing SEPA Instant Transfers are now available for outgoing payments as well! Now, you can send and receive transfers in euros within seconds. Such a transfer option is perfect for the momentary, cost-effective day-to-day financial operations and business transactions within the Eurozone. Note that the payer’s/beneficiary’s financial institution needs to have the SEPA Instant scheme integrated so they can

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Oct. 14, 2024

This year, Genome unveiled an international money transfer feature for its business wallet users. It allows receiving and sending business payments to over 40 countries, benefiting from Genome’s easy-to-use interface.  With these, companies can significantly expand their global footprint and take advantage of new growth opportunities in various markets. Our team is happy to announce that we are ready to expand this feature. We are adding extra currency options for business wallets to send and receive SWIFT transfers. These currencies are Polish zloty (PLN), Swiss franc (CHF), Japanese yen (JPY), and Canadian dollar (CAD). It means that you can now

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Sep. 30, 2024

Autumn crept up on the world at a fast pace. But for Genome, it’s not a problem – we enjoy any season as long as it doesn’t slow down our work.  Speaking of, we have a lot of new articles and some updates for you. Want to learn what’s new? Check our latest month in review! An EVENTful September Our team was delighted to participate in two key industry events: Nordic Fintech Week and the SBC Summit in Lisbon. At Nordic Fintech Week, the team discussed the future of finance and explored the latest advancements in fintech. Meanwhile, the SBC