Starting a business is exciting but tricky as well. There are so many things you have to think about! In this article, we will focus on two of them: strategy and finance. We will advise how to plan your business goals and reach the audience. And after that, we at Genome will talk about business bank accounts, their functions and benefits, and guide you on how to choose one. Creating a company: useful tips for beginners Surely you would have to take care of the financial establishment of your business. But first, consider some prior things, such as goals and

The banking industry is constantly growing and introducing new financial solutions enhanced with the latest technologies. Only a few years ago, contactless instant payments and online banking as a whole were the most innovative features in numerous international markets.  In 2022, despite all the economic hardships, the banking industry was still developing and creating new bank opportunities for users. Now, we will try to look into the future and analyze the global banking trend for 2023. Learn more with Genome. Top banking trends in 2023 Some of the future major changes in finances have to do with the following:  Welcome the cryptocurrency revolution

Our team at Genome knows the true value of digitalization. As we provide all our services entirely online, making financial operations for our clients much more straightforward and not bounding ourselves to the inconvenience of physical branches. And we want all Genome users to feel free of nuisances when making payments. Thus, we continue implementing more contactless options by now providing the Garmin Pay payment method! It means that now any owner of Garmin watches with Garmin Pay-enabled can pay using Genome’s cards. It is available for personal and business wallet users with virtual or physical Genome debit cards.       This

Another month passes and brings on new results. That’s right, Genome has some exciting news and updates we’d like to share. So, what was up in July? Find out below. Run a business with the right business account For a company, the importance of a reliable, straightforward business account can’t be overstated. But not all entrepreneurs understand what to look for when it comes to such a service. That’s what Genome’s blog is for, as we offer advice on topics like this.  We recently had two relevant articles: one touched on the reasons for having a business account in the first place.

Earlier this year, Genome introduced a special initiative for Ukrainians – they can now start personal wallets within our platform for free and get discounts for many of our services. Since then, our team figured we needed to establish more features for Ukrainian people to use Genome more efficiently.  Thus, we now offer sole proprietor accounts, using which Ukraine-registered individual entrepreneurs can receive income in euros. These accounts are free and as easy to open as the regular ones. Most importantly, you can access your account anytime – whether from Ukraine or abroad. You will be able to transfer money

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

On February 24th, 2022, the lives of millions of people changed dramatically. For these millions of Ukrainians, their whole world turned upside down as Russia started a full-fledged invasion of Ukraine.  Months later, the war continues, bringing devastation, destruction, and death. We hear of the horrors of war daily: both grownups and children have to abandon their homes, get separated, lose limbs, and perish due to Russian troops and shelling.  Genome’s team feels incredible sorrow towards these people: based in Lithuania, we see Ukrainians as our dear and valuable friends, many of us have acquaintances, relatives, and loved ones in

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,

*Please note that Genome has updated its services regarding SWIFT and international transfers. For more up-to-date information, please check this article. The finance industry is very fast-paced and global. That’s why our team works hard on bringing the most crucial features to help our clients keep up. And that’s where SWIFT transfers come into place – the most used messaging network for money transfers that covers the entire world! Now, outgoing and incoming SWIFT* transfers are available for companies and individuals that use Genome’s services via the web version of our platform. You can send SWIFT* payments in euros, US

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 –