Business accounts come in many shapes and sizes. And, of course, they have different features to accommodate the needs of companies — for instance, multi-currency bank accounts.  Want to learn more? Genome will explain! Find out about the benefits of the best multi-currency bank accounts and how a business can open one! Multi-currency account: the definitions When you deal with finances, multiple factors are involved. For instance, some people have to send and receive funds internationally. But, when it happens regularly, such operations can come at a great cost. You see, countries have different currencies, which means that, in most cases,

That’s right, here comes another one! Our traditional month in review is here! Our team wants to go through the main news and updates Genome had in March, and we are taking you along! Let’s begin! Save time with transfer templates  We implemented a new feature for clients to navigate their money transfer processes more easily. You can now create transfer templates for any single payment inside Genome. This process lets you plan better and waste less time on regular payments! To use a template, go to the Transfers tab and find the Templates section there. Or, you can save

No bank account is complete without the ability to send and receive funds. It especially concerns companies, as their production cycles and customer relations depend on this financial feature. And, for many businesses, there’s a need for international business payments. In this article, Genome’s team will explain how companies can make international payments and which transfer options are used for this.  What are international business payments?  International payment is a type of payment that occurs between two entities that are located in two different countries. Even if countries are situated right next to each other, for instance, Germany and Netherlands,

Multiple companies around the world give 110% of their hard work, passion, and dedication for their business to succeed. But sometimes, saving money for businesses means you need to work smart, not hard. And Genome has some tips on how to do so. In this article, we will share some ways companies can save money by different means. So, if you need money-saving ideas for companies, this blog is for you! 5 business cost-saving ideas Start from within – optimize all about your company One of the best cost-cutting ideas is actually a simple one: analyze all parts of your

There are many aspects to financial services for companies that sell their goods or services. One such thing is a payment gateway. Unfortunately, only a few merchants dive into the nitty-gritty of how the right payment gateway can improve your conversions. Genome is here to fix that! In this article, our team will explain how to choose a payment gateway for your e-commerce store and other types of business. We will also uncover the difference between payment gateways and payment processors, as some people consider them the same thing.  What is a payment gateway? Before learning how to choose the

If you read Genome’s blog, you likely come across terms such as traditional banking and online banking and understand how they differ. But what about alternative banking – what is this term even about? Well, today, you have a chance to find out! Our team will explain what alternative financial institutions are and why you may want to use them.  Alternative banking: the definition Traditional brick-and-mortar banks have been around for decades upon decades. By now, people are aware of them and which services they provide. But the way we function and run our day-to-day errands, and the world, as

Goodbye, winter! The next season is upon us with more news and updates. But before Spring commences, let’s take a look at Genome’s February articles!  Neobanks decoded We continue our good tradition of explaining different types of financial institutions, so people can better understand which option will be the most preferable for them. In February, our team covered neobanks, helping clients understand what they are by describing their services and providing examples of such institutions. We also answered the important question regarding the security of neobanks. The meaning of host-to-host in banking Host-to-host is less common of a term than

Finances are one of the most integral parts for businesses to operate properly. That’s why companies must be aware of all the financial risks they can potentially encounter. Let Genome explain what you need to look out for! Find out the primer financial risks for businesses and how to deal with them! What is a financial risk?  As the name suggests, it is a type of risk associated with certain financial operations, as well as internal and external changes that can result in money and capital loss.  Financial risks are something that experienced companies know all too well about. Some

When it comes to banking, the number of components it consists of is staggering. And while some of these components, such as bank accounts, credit cards, and wire transfers, are well known, others, like host-to-host payments, are obscure. Today, Genome will describe how host-to-host payments work, as well as explain what host-to-host payment pages are.  Host-to-host payments meaning in banking In the modern financial world, the host-to-host term (H2H for short) mainly refers to host-to-host payments and host-to-host payment pages. The former can often be found when corporate financial operations are mentioned, while the latter is a type of merchant

Due to the growing popularity of online shopping, the e-commerce industry has become a playfield of ferocious competition. That’s why such companies must ensure they have the most advanced tools and services the financial sphere can provide, including bank accounts. In this article, Genome’s team explains how to pick the best business bank account for e-commerce and how to use it.  The basis of e-commerce bank accounts So, if you are about to start a company that will delve into e-commerce, you probably wonder, “do I need a bank account for e-commerce business?”. Yes, you absolutely do. As with any