business account
Business services
Business banking tips every company should know
Business banking choices shape how smoothly your company runs, from daily payments to long-term planning. The basics start with dedicated business checking accounts for income and expenses, and business savings accounts for reserves and tax buffers. Strong business banking services should also help you pay suppliers, manage cards, and track activity without extra admin work. Many companies use multiple banks to reduce risk and keep backup payment options available. Keeping spending separate from personal accounts is essential. With a clear business plan and using the tips we share in this article, you can choose business accounts and tools that match
Business services
What are dedicated IBANs for businesses? A guide
A dedicated business IBAN is now a key element in the global digital economy. Modern business processes need to combine clarity with easy payment reconciliation and compliance. For this reason, a dedicated IBAN account offers a convenient way to send money and receive incoming payments seamlessly. Genome is a regulated European Electronic Money Institution (EMI) that provides business accounts for businesses looking for simpler payments. Whether you carry out international trade or need to pay suppliers abroad, the right IBAN accounts will help your business. What is a dedicated IBAN? An IBAN is an International Bank Account Number. It’s used
Business services
What is a virtual IBAN, and how can it help your business grow?
A virtual IBAN is a digital account identifier for an international bank account number. It looks exactly like a traditional bank number with a country code and standardized format, but it’s not generated from a physical bank account. Having a virtual IBAN account provides a way to accept payments from different countries seamlessly. Virtual IBANs mean that accepting international payments is easier than ever before. There is no need to waste time setting up separate bank accounts for each country or region you deal with. Learn more about such accounts, as well as Genome’s virtual multi-currency IBAN accounts! Virtual IBAN
Business services
What is SME in business? Understanding small and medium enterprises
The SME definition is pretty simple: it stands for small and medium enterprises – the kind of businesses that make the world go round, literally. According to the World Bank, the SME sector represents 95% of registered businesses globally and accounts for over 50% of total employment. From micro businesses, like local coffee shops and family-run bakeries, to growing tech startups and medium-sized companies in the manufacturing industry, SMEs play the biggest role in the economy on a global scale. Medium-sized enterprises keep local communities alive and make up the vast majority of jobs there, providing opportunities where large corporations
Money and you
How fintech is closing the finance gap for Italian SMEs
Italian SMEs face a series of new challenges as the financial landscape changes. Their reliance on traditional banks for loans and other services is being put to the test, as the demands of the modern business environment increase. Fintech institutions provide a modern solution to help carry out the digital transformation of the finance SME in the Italian scene. These companies provide faster services and more inclusive access to financial tools, as well as credit options. We’ll be looking at areas like digital landing, what fintech platforms offer, and the future of finance SME in Italy. Find out what a
Business services
The best digital banking solutions for Italian startups
Digital banking has experienced impressive growth in Italy over the past few years. With banking platforms making it easy to send and receive money, this approach suits many types of customers, including startups. With the rise of digital banking in Italy, these companies can get business banking services that suit their needs better than traditional banks do. Speed, cost efficiency, scalability, and the ability to make international payments are among the reasons why startups choose a digital bank account. Genome provides innovative Italian startup financial solutions that allow fintech companies to grow without worrying about their financial operations. Why Italian
Business services
Local IBANs explained: what are they and why businesses need them
Local IBANs help your business get paid like a local, even when you operate across borders. Instead of relying on one universal account setup, you receive a country-specific account number that customers recognize and trust. For many buyers, paying into a domestic bank account feels faster and more familiar than sending money abroad. This matters when you work with partners, marketplaces, or clients who want simple checkout and clear payment details. Local IBANs also make international payments easier to track and reconcile, because transfers follow standard banking formats used by financial institutions. In short, they reduce friction in cross-border payments
Business services
Ecommerce checkout optimization: boost conversions with these best practices
The topic of ecommerce checkout optimization is always relevant for merchants, as it quite differs from brick-and-mortar stores and their checkout processes. After all, many ecommerce websites face high checkout abandonment rates nowadays. According to the data collected by the Baymard Institute, 70% is the average documented online shopping cart abandonment rate. In other words, ecommerce businesses lose revenue because people fail to complete the purchase after they add items to shopping carts. So, how do you reduce the checkout abandonment rate and improve the payment process for clients? We will review the most common mistakes when it comes to
Business services
Best bank for new businesses: everything you need to know
Finding the best bank for new businesses is one of the significant challenges for any start-up or emerging small business. We’ll be looking at the main reasons you must be careful and thorough when choosing a business account. It will ensure that you get the right financial partner for growth that offers good financial management and transaction efficiency, among other benefits. Why it matters to pick the right business bank A business bank account must meet a small business’s needs to be effective. It means reasonable monthly fees, good customer service, and a range of business-focused products. Business banking services