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 –

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 and business 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: new

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

June – what a great time for a celebration on the beach. And this month, we have some major news to celebrate! We also want to share this joy with you – whether at the beach or in the office! Spotlighting Genome for German clients Financial services are now prevalent worldwide, but choosing an option that is right for your business is not easy. But no worries, our team is here for you, and in June, we focused on people who live or moved to Germany. “Choosing a bank in Germany for foreigners” is an excellent read for those who