June has come and passed, marking the official start of summer – and with it, a perfect time to catch up on the latest from Genome!
Find out how our partnership with Sepagon expands our API-based services to more businesses, explore Malta’s iGaming landscape, learn the formulas for COGS and EBIT, choose the best money transfer app, and more – all through our June updates!
Genome empowers Sepagon clients with instant C2B payments and notifications
Our new services are finding their use among other companies, and our team can’t be happier to help! Our partnership with Sepagon, an open banking platform, resulted in us powering Sepagon’s platform with secure incoming payment APIs.
The integration with Genome enables businesses to process customer-to-business (C2B) payments with unmatched speed, bypassing card networks and digital wallets, thanks to real-time SEPA Instant Transfers and webhook notifications. Sepagon clients now enjoy instant payment confirmations, automated tracking, and a smoother overall experience, which improves operational flow.
Your ultimate guide to online gambling in Malta
The iGaming industry is an area of particular interest to our team, as we develop services to support companies in this sphere. Which is why the discussion on how Malta has become a powerhouse in iGaming was something we wanted to expand on.
Our in-depth article explores Malta’s robust regulatory framework, as well as how operators benefit from our streamlined financial tools, like batch transfers, multi-currency accounts, SEPA Instant payouts, and real-time webhooks.
In addition, our team also highlighted the role of e-wallets for the iGaming industry. Specifically, how players can use them and what benefits this payment method has for iGaming businesses. If you want to find out more about this secure payment option and its use cases in iGaming, this article can help!
Figuring out the correct COGS formula
Running a company is no simple task, as you need to account for multiple operations, factors, and, of course, calculations. Our team decided to simplify at least one of these processes for you by offering a deeper look into the Cost of Goods Sold (COGS) formula.
Find out how to calculate COGS using the simple and reliable formula and see how this key metric drives accurate gross profit analysis.
Finding the best money transfer app for you
Mobile apps for transfers and other financial operations are on the rise. There is no surprise here – the fintech industry is known for simplifying payment services for clients year after year. But what are the features that define the best money‑transfer app?
We gathered some of the most common things to look out for when choosing a money transfer app.
But frankly, you don’t have to look far – the Genome app can help your personal and business financial needs! From real‑time SEPA Instant Transfers, multi‑currency accounts, and instant internal payments, to secure card integration via Google Pay and Apple Pay, the article highlights how our app combines convenience with top‑tier security.
Digital nomads and banking: the best financial services
For digital nomads who are constantly on the move, finding a reliable, flexible, and borderless banking solution is key to worry-free financial operations. Nobody wants to face financial issues in the midst of travelling for work or leisure.
Our team explored some of the best financial solutions for digital nomads in our dedicated article.
We also explained how our services are tailored for digital nomads with the versatile multi‑currency account approach, offering SEPA, SWIFT, and instant internal transfers that keep your money moving as you move. With secure virtual and physical cards compatible with Apple Pay and Google Pay, plus real‑time transaction notifications and webhooks, it’s built for on‑the‑go financial control.
Learn about EBIT and its implications for a company
Now let’s return to other company metrics and numbers. Another formula businesses should be aware of is the EBIT (earnings before interest and taxes). It serves as a vital metric for understanding a company’s operational profitability, zeroing in on core earnings while putting interest and taxes on pause.
Our article clearly explains the EBIT formula, whether calculated as revenue minus operating expenses or as net income plus interest and taxes, and shows its power in benchmarking performance across different businesses.
Electronic money institutions – your gateway to fast and safe banking
There are many financial institutions to choose from these days if you are looking for a service provider. But when it comes to quick, secure, and advanced solutions, electronic money institutions (EMIs) are some of the best options you can get.
Discover how EMIs like Genome offer virtual IBANs, multi‑currency accounts, instant transfers, and virtual and physical cards – all backed by EU regulation and security mechanisms.
Our article highlights why Genome’s EMI status under Lithuania’s central bank means secure, fast, and user-friendly financial services for freelancers, startups, and global businesses.
Transfers within the UK: all about BACS
Last but not least, our team looked into another money transfer option that some individuals and businesses can use. BACS (Bankers’ Automated Clearing System) powers reliable, low‑cost bank‑to‑bank transfers across the UK, handling direct debits and credits with ease.
The article explains how BACS compares to other transfer options within the UK and who can benefit from this financial service the most.
Did you miss Genome’s previous month in review? Don’t forget to check May’s updates and learn more about the purposes of virtual cards and business debit cards, Faster Payment limits, the difference between personal and business accounts, the best cards for international travel, and more.
