The breakneck growth and development of the banking industry leads to the emergence of amazing products. Our team believes that multi-currency accounts are among the best features there are. They are simple, straightforward, and allow a lot of flexibility for clients.  So, what is a multi-currency bank account? Find out below and learn how to start a multi-currency account inside Genome.  Multi-currency bank account: the definition The definition of a multi-currency bank account is easy to decipher based on the name alone.  In a nutshell, it is a banking account that allows clients to maintain balances in various currencies simultaneously,

Learn about the best practices in wire transfer fraud prevention from Genome’s Džeineta Dalia Pumputytė – Head of KYC, Deputy Head of AML, and Compliance. For additional information, check our one-pager on the matter. Do you want to know how to keep your information and funds safe from the most common types of fraud? Check Genome’s security page, where we list our advice. What is wire transfer fraud?  It is a type of fraud that involves the misuse of any electronic money transfer services by malicious actors for their personal gain. To commit wire transfer fraud, scammers first use a variety

The year is almost over, and the Genome’s team can’t be happier! After all, it is time to celebrate all the hard work and achievements!   As we reflect on 2023, our team aims to share key updates and noteworthy news about Genome – presented in no specific order. Delivering our iGaming financial services to more businesses  Our team continuously works on and improves services for iGaming companies. All these features are tailor-made to please the customers’ most anticipated wants and demands.  One of the key developments in this direction was our partnership with Gamingtec. Gamintec is one of the leading

Let’s be honest: the holiday season can be stressful, piling up on top of other worries you might have had during the year. Thus, it is crucial to take care of yourself to enter the new year well-rested and full of energy. Genome’s team is all about this mindset! We have gathered some of the tips on what you can do to feel refreshed in 2024. In small and grand ways!  Visit other countries This is an obvious one, but it is simply too good not to be included! If you have time and means – why not experience other

Winter holidays, for all their cheerfulness and magnitude, can be quite chaotic, especially when they creep up on you unexpectedly. It’s just like that: you are all caught up in your work, family life, and daily errands, and it hits you – the celebration time is near! To ease the stress, it is better to plan some things ahead of the holidays. And Genome has suggestions to help you better navigate your life before the upcoming celebrations! #1. Vacation time, of course!  No explanations are needed here – you had a year filled with either work, chores, family matters, or

With winter fast approaching, it is a perfect time to take a look back at Genome’s latest updates for the month of November. Learn more about the events our team visited and what’s new on our platform in this article. A new partnership introduces Genome’s iGaming services to more clients We have some exciting news for iGaming businesses! Genome partnered with Gamingtec – a provider of B2B software solutions for the iGaming industry. Gamintec is known for its diverse services for companies across the industry, which is why partnering with them is so important to us. Thanks to this collaboration,

Having years of experience, the Genome’s team crossed paths with professionals from multiple industries. As such, we learn a lot about the needs of different companies and apply this knowledge to improve and tailor special financial solutions for them. We also partner with prominent companies that do the same to combine our efforts to deliver even better, more convenient services. And this is what Genome’s partnership with Gamingtec is all about, as it empowers the iGaming industry! Gamingtec provides B2B software solutions for the iGaming industry, offering diverse iGaming services for companies across the industry.  Thanks to the partnership, all

We are at the end of the “spooky” month, but we still have work to do. That’s right, it’s time for another month in a review article! Find out what’s new with Genome below. Meet us at SiGMA Europe 2023! One of the most significant conferences for the iGaming industry is approaching fast! SiGMA Europe will take place on 13-17 November, inviting thousands of representatives from the industry to discuss the latest trends and solutions! 25 thousand delegates are expected to attend, and Genome’s team is among them! The team is excited to present our best services and features that

Genome’s team is back with yet another article that dives into different types of fraudulent financial situations that people and businesses can face. And this time, card-not-present fraud is on the agenda. Want to know how to avoid scams associated with card-not-present transactions? We gathered some tips below. What is a card-not-present transaction?  Before we get to the fraud part, let us first explain what card-not-present transactions are in general.  Card-not-present transactions (also known as CNP transactions) are the type of payments a person makes with their debit or credit card. Such payments happen remotely, meaning that the card and

A business bank account is a necessity for any company. However, you may wonder, “Can I have 2 business bank accounts?”. The short answer is yes, you can.  But our team at Genome also wants to explain why you might need more than one business bank account and the benefits of having multiple business accounts. Business bank account: the fundamentals of your financial journey A business bank account is an account you can open in a brick-and-mortar bank or other financial institution. The account is in your company’s name, and you can use it for corporate financial operations. Simply put,