Opening a business account at a bank might be worrisome, as you are never quite sure about the ever-changing requirements and documents needed to start one. And sometimes you don’t have any free time to spend on multiple visits to the banking institutions – especially now when it’s better to minimize unnecessary contacts due to the pandemic. Thankfully, there is a faster and safer alternative like Genome, where you can open multiple personal, business IBANs or merchant accounts* completely online – no need to waste time or risk your well being. *Please note that Genome’s merchant services have been temporarily

There has been a lot of new updates and engaging content coming from Genome lately, so we’ve decided to share a summary of the most important and interesting events, features, and blog posts of May 2020. Genome’s COVID-19 initiative continues to gain recognition. Yes, technically we have cancelled all the service fees for our low-risk clients in April, but the offer will continue as some countries are still facing the lockdown due to the pandemic. The relevance of our initiative was recognized by FinTech advisor Marcel Van Oost and IBS Intelligence last month, and by Financial IT in May.  Genome has launched a referral program. We are finally able to reward

We understand that you might have questions about Genome and its services while browsing our website. That’s why we launched an online chat, where you can communicate with our support team in real-time. You can find the chat in the right lower corner of Genome’s main page.   Open an account in Genome online Get Started To start using the chat, enter your name, e-mail address, and a message itself that might include questions and suggestions regarding Genome services. Our support consultant will get back to you within minutes during working hours on weekdays.  If it is a weekend and our

The first instances of online banking, as we know, started to emerge in the mid-90s when the internet itself became public. The popularity of internet banking keeps growing, as technologies develop and become more accessible and widespread worldwide.  Just see for yourself: in 2007, 25% of people within the European Union used the internet for online banking, and in 2017 this figure more than doubled to 51%.  As of 2019, online banking penetration in the EU markets reached 58%, with over 90% of Norwegian, Icelandic, Danish, Finnish, and Dutch populations accessing online banking sites.  The recent lockdown around the world

It’s been a bit more than a year since Genome opened its beta to the public during The White Nights Conference in Berlin. But a lot has happened since then: our EMI was recognized as the Best Online Business Payments Platform 2020 within Europe, launched a referral program beneficial to our clients, and also started a COVID-19 initiative to support low-risk businesses during the pandemic.  We tried our best to gradually enhance the quality of our services, and thanks to that became a part of something even greater. Invest Lithuania, the Lithuanian investment promotion agency published a report called “The Fintech Landscape in Lithuania 2019-2020”. In it, the

Genome made it to the EGR B2B Awards shortlist in Innovation in payments solution category! We at Genome work hard to deliver the best services to our clients. So, seeing that our endeavours are acknowledged and appreciated is very rewarding. Our platform got into the EGR B2B Awards shortlist and is nominated for the Innovation in payments solution title. This is Genome’s first EGR B2B Awards nomination, and this year EGR received 520+ entries, which is their record. Thus, our gratitude for being included in the shortlist is even greater.   Open an account in Genome online Get Started Known

Please note that the information provided in this article is no longer relevant. To learn more about our SWIFT transfer feature, check this blog. Due to the issues of our banking partner, Genome is facing an unfortunate update related to SWIFT. For this reason, starting May 21st, Genome will not be able to accept and process any new requests for SWIFT transfers and currency exchange. We are deeply sorry for the inconvenience, but we want to assure you that it is a temporary problem Genome is trying to resolve ASAP. Rest assured that we will inform you as soon as

Sometimes dealing with banks might be frustrating. For example, to open a personal account you are required to visit a banking institution, most of which don’t work 24/7 and are often crowded, which is something we all try to avoid. And if your business days tend to be busy you really don’t want to waste any time dealing with things like that.   Open an account in Genome online Get Started You know the saying, modern problems require modern solutions, and luckily, we’ve got one for you – Genome. With our Electronic Money Institution Licence, you can open multiple personal

The popularity of e-Wallets grows daily, but not all people are aware of this payment method’s services and specifics. Some believe that digital wallets are a safer modern replacement for physical wallets. Others find virtual wallets more convenient for online transactions. And some merchants are wondering whether you can replace a payment gateway with a digital wallet. We at Genome decided to answer the most common and tricky questions about and involving electronic wallets. What is an e-Wallet? An electronic wallet is an application used to mimic our physical wallets online – you can store money and buy products and

The time has come – Genome is rolling out its referral program to reward our personal wallet users. We also made sure that the program will not be subjected to fraudulent actions and fake accounts’ exploits. Step one. Our clients can send their referral link to their partners, colleagues, friends – they all will get a possibility to open an account and use other Genome’s services. Step two. A person, who has received a referral link, needs to use it for registration and complete the on-boarding procedure. Step three. Our referrer client will get 10% of his partner’s or friend’s