press releases
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Support Ukraine: Genome introduces the resource for donations to Ukrainians
On February 24th, 2022, the lives of millions of people changed dramatically. For these millions of Ukrainians, their whole world turned upside down as Russia started a full-fledged invasion of Ukraine. Months later, the war continues, bringing devastation, destruction, and death. We hear of the horrors of war daily: both grownups and children have to abandon their homes, get separated, lose limbs, and perish due to Russian troops and shelling. Genome’s team feels incredible sorrow towards these people: based in Lithuania, we see Ukrainians as our dear and valuable friends, many of us have acquaintances, relatives, and loved ones in
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Genome was chosen as a new partner for parking services in Lithuania
Not only is Genome proud to be a part of Lithuania’s Fintech landscape, but we are now also facilitating payments for Lithuanian national parking, after winning a tender. It means that any driver can now pay for parking fast and securely if they are in Vilnius, Kaunas, Klaipėda, or Trakai, as we help out around 30 thousand customers per month. The Municipal Enterprise has updated its infrastructure to accept more transactions and provide clients with delay-free services. The decision to widen available payment methods options grew because previously it was available only for Mobile operators’ clients with monthly subscriptions. That forced tourists
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We are in this together: how Genome helps out companies during the lockdown
Keeping afloat during these uncertain times is complicated for some businesses. We at Genome understand it and figured that we should come up with a solution that would support struggling businesses at least partially. Hence, in April, we canceled all the service fees for companies who were already a part of Genome’s family or were thinking of joining. Now, a month later, the PaymentsSource news website got interested in the initiative and our COO Daumatas Barauskas answered all the questions. We recommend you check out the full article “Should payments companies continue waiving fees for post-coronavirus recovery?” while we share some of the
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Case Study: How Genome uses Onfido’s technology to provide better services for our clients
We at Genome are proud to partner with companies that can help to enhance our services to the maximum potential. And Onfido is a great example of such. So we’re proud to announce the full case study, where you can get more insights on how Genome benefited from using Onfido. Onfido is an identity verification service that utilizes AI technology to prove a person’s identity and is used by businesses around the world within different industries like e-Commerce, gaming, healthcare, travel and vehicle hire, and financial services. We found out more about Onfido while looking for a company that would
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Genome is canceling service fees for Lithuanian companies
We at Genome are proud to be acknowledged as a part of the Lithuanian Fintech landscape. As of 2020, there are over 200 Fintech companies here, and thanks to that Lithuania became the largest Fintech hub within the European Union by the number of licensed companies and was placed 4th in the Global Fintech Rank. It feels great to make a contribution to the country’s development, and we want to continue doing so. Hence, Genome is annulling all the service fees for companies based in Lithuania and for all our existing Lithuanian clients starting August 17th, 2020. We are also
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The COVID-19 impact: what innovations and changes are shaping Fintechs’ future
The COVID-19 pandemic definitely has pushed financial institutions to change the ways they operate and come up with new solutions for this. These and other topics were recently discussed during the Fintech week Lithuania online conference on the 15-18th of June. Genome also participated in the event and we would like to share some of the most interesting ideas voiced during a panel “The most exciting COVID-19 crisis innovations that will shape the future of Fintechs”. The issue was deliberated on by the head of Fintech Lithuania at Infobalt Paulius Tarbūnas, head series producer and host at Fintech Finance Douglas
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Genome is acknowledged as a part of the Fintech landscape in Lithuania
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
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Genome made it to the EGR B2B Awards shortlist in Innovation in payments solution category
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
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Genome was recognized as the Best Online Business Payments Platform 2020
We are proud to say Genome received a trophy from Acquisition International magazine and was titled the Best Online Business Payments Platform 2020 within Europe. Each year Acquisition INTL magazine conducts the Global Excellence Awards which covers a wide variety of sectors and countries. This annual program has been designed by Acquisition INTL magazine’s in-house research team that has exceptional expertise. The award was launched in 2016 to recognize and reward the firms and individuals whose sustained outstanding performance has seen them leading the way in their industry. We are happy to be noticed as it is a big motivation