It is finally here – a blog post about the last month of 2020, and what a month it was! Genome definitely has a lot to tell you before the year ends. So, let’s get to it, as the time for celebration is just around the corner! Uncovering the importance of Open Banking We believe that many people have heard of Open Banking, but not all of them know the extent of it, and the influence it has on the financial industry.  Though it was implemented as a part of PSD2 in the European Union in 2018, other countries are

The year is almost over, thus we at Genome thought it would be a perfect time to take a look back at some of the best features and updates we’ve added to our product in 2020. Want to know what are the best updates Genome has to offer? Follow the article to find out. Working with more platforms and marketplaces Our team strives to reach as many merchants as possible. We believe that our services will be beneficial not only for companies with individual websites but for users of different platforms and marketplaces. That’s why, in 2020, Genome’s become available

2020 – what an impactful year, and challenging, no doubt. Lots of people and businesses had to essentially change the way they operate and go through life. But all the hardships pushed the transformation within many industries – banking and e-commerce included. And as both topics are close to Genome’s heart, we’ve decided to sum up how the events of 2020 influenced these two spheres. The snowball effect of non-digitalization  In 2008, the global financial crisis shacked not only the financial industry but people’s trust and perception of a traditional banks’ model. This event also pushed some financial professionals to dive into

The concept of Open Banking is still very new, but is taking Europe and other parts of the world by storm. Though a lot of people heard about it, not all completely understand, what it entails, and how both businesses and customers can benefit from it. So let’s fill in the blanks with today’s article on the matter from Genome. PSD2 and Open Banking  If you are familiar with Genome and fintech lingvo, chances are you have already heard about PSD2, which is a Revised Payment Services Directive, implemented in the European Union in January 2018. We’ve covered the topic before

The autumn came and went, and we only have a month till the end of the year! But for Genome, there’s no slowing down, as we continue working to improve and broaden our services. And November was a busy month for us, like many others before that. So, without further ado, let’s kick off the newest month in review for Genome. The “My Team” feature explored We recently had a new exciting access management feature launched called “My Team”. Although we briefly introduced it in our previous in October’s month in review, since then, described the feature in much more

Kicking off any business requires planning and patience, the same goes for Fintech companies. We at Genome have already passed this starting stage and are very aware of the challenges and difficulties this journey entails. And recently, our team was contacted by Tech.eu to share our experience on the matter, and we gladly did. You can check out the interview of Genome’s COO Daumantas Barauskas in the article “Genome’s lessons learned on best practice in the fintech game”.   Open an account in Genome online Get Started In turn, we will share a couple of points brought up in the

Business is not all about developing products and growing your brand. Some things don’t come to mind at first but are crucial. We’re talking rules and legislation the company must abide by to see their business live long and prosper, so to say.  Merchants from the EU know what it’s about, as they have to deal with both GDPR and PSD2. And speaking of the latter, the PSD2 compliance is on the front burner. You see, in less than two months, the EU companies are expected to fully implement the strong customer authentication, which is a part of this EU

When you think about companies in general, one of the things coming to mind is a team of professionals working together towards a common goal. Every person has their area of expertise as they contribute to perfecting the company’s product. But when it comes to banking, it’s not that convenient, unfortunately. Financial institutions usually offer companies business accounts with only one person having an access to it. It’s not always effective to rest the responsibility of managing the account upon one person. As financial matters require the assessment of more than one specialist. And don’t even get us started when

This autumn, we at Genome gave lots of tips on how to choose the right bank card for personal and business needs and described the types of bank cards there are. Thus, when our team was working on Genome’s very own cards, we considered our clients’ presumable requests. And we now have virtual and physical debit cards that meet personal and business demands available for a pre-order! So, let us first talk about the cards we have in store for you, and then cover the simple pre-order process. Genome’s physical multicurrency debit cards Using debit cards to pay for goods

It’s spooky season outside, and Halloween is on its way! But we at Genome have no worries – our month was productive, and we had a blast while working on new product updates and articles. Speaking of witch (see what we did there?), let’s begin October’s month in review with blog posts. Don’t be afraid of scammers – stand up to them We dedicated our very first blog post of October to a serious topic – “How to deal with imposter phone calls from the bank”. You see, recently there was an increase in phone calls from fraudsters, who held