Summer is over, but the excitement remains – it is time for Genome’s new month in review! August was fruitful: we unveiled a new feature, lowered prices, introduced new website pages, and more. Learn about it all below!   Try out privacy mode for Android! Our team added one more feature to enhance your customer experience and security. All Genome clients that use Android devices to access the Genome app can now enable a privacy mode.  This mode allows you to hide balance and turnover amounts when using the app. It is an extremely useful feature when you are in public

The Genome team continues explaining the different types of fraudulent financial schemes people can find themselves in when running their day-to-day errands. And what can be more mundane than using an ATM?  Unfortunately, this is why you can be caught off guard and become a victim of ATM skimming fraud. This article explains how skimming fraud occurs and how you can recognize and avoid ATM skimming.   What is skimming in banking? When talking about financial fraud cases, one may be used to thinking that scammers mainly operate online, as it is easier to trick someone who can’t see you.  However,

Let’s be honest: we all make mistakes, it is an inalienable part of life. Sometimes it’s trivial, day-to-day things, like buying wrong-size shoes online or forgetting to send a report at work. Of course, companies are not exempt from making business mistakes either. Some of these blunders are common, which allows other companies to learn how to avoid them. That is why Genome’s team decided to list some of the most frequent financial mistakes businesses can face, as well as the ways to prevent them.  Short-term and long-term planning is crucial Lack of planning is a common startup mistake, but

Genome’s corporate virtual cards are great alternatives to physical ones when it comes to online and contactless payments. You don’t have to carry them around, can’t lose them, and can use them just minutes after placing an order.  Our team ensured that any company could apply for virtual cards in seconds and manage them just as easily. We understand that businesses will likely need more than one card – be it for their authorized employees to make corporate purchases or for media buying purposes. And today, we are ready to share some exciting news!  If you are thinking about getting

The article was updated on 19.06.2024 At first glance, the term cash flow (CF) seems very straightforward. However, there are many intricacies surrounding it. Not to mention that different types exist, and people/companies need to follow specific advice to manage them. Genome’s team has prepared an article covering the main things about cash flows you should be aware of. What is cash flow? Cash flow refers to the movement of funds into and out of personal or business bank accounts. How cash moves can be divided into two subcategories: We should also mention the term “net amount,” which is the

With July ending, it is once again time to look back at all the recent updates Genome has had. And there’s no better way to do so than checking out our month in review! Find out about articles we have published in July below. We made the transfer limit calculation more convenient The Genome team has improved the way the transfer limits are calculated. All the transfer limit calculations are now linked to the calendar dates. This way, tracking your limits and plan payments will be much easier.  Here’s how the limit calculation works starting from July 31st, 2023: You

Managing account transfer limits is essential for any person or company that uses Genome. That’s why the team wanted to make it even more comprehensible and simple for our clients. Thus, we have changed the limit calculation process to allow you better plan your financial operations! The respective changes came into force on July 31st, 2023. How does the new limit calculation work? Genome’s team updated the limit calculation process for personal and business wallet users. Now it is counted like so: All the limits will be reset to zero when the period ends, and the new countdown will begin.

A business bank account is a must for any company that offers products, merchandise, and services to customers. However, there’s no one-size-fits-all solution. Meaning that the needs of companies may vary drastically when it comes to financial services. While e-commerce websites won’t need much in terms of banking solutions, restaurant owners will face quite a different experience. That’s why today, Genome’s team decided to explain the intricacies of getting a restaurant bank account. In this article, restaurant owners can learn what their business needs to run the financial side of it.  Types of bank accounts for restaurant owners  Generally, as

The concept of banking is extremely broad nowadays, encompassing multiple types of financial institutions and various services for individuals, companies, and merchants. And digital banking has become a big part of it, as the industry has been undergoing significant transformation.  Thus, diving into the digital banking topic is important, and that’s what Genome’s team is doing today! Find out more about digital banking services and how to start using them in this article. We also explain the difference between online, mobile, and digital banking.   Digital banking: meaning of the term The name of the term “digital banking” says it all.

ATMs are so common these days that most people likely take them for granted. However, if, by some unexplained mystery, all ATMs disappear from the planet tomorrow – you will definitely notice. Because, at the end of the day, they are an integral part of essential banking tools and people’s day-to-day errands.    Have you ever wondered how exactly ATMs work and which services they provide? Well, Genome is here to answer your questions! Learn more about them in this article.   ATM: meaning of the term The automated teller machine is a banking technology in the form of a specialized computer