Genome

The software described on the website does not require EU residents to pay a monthly fee for using their accounts, whereas non-EU residents are charged a 20 EUR fee. International travelers can withdraw cash from Genome partner ATMs worldwide. Additionally, Genome plans to issue physical and virtual cards for both business and personal use. Companies can easily open merchant and settlement accounts, conduct money transfers using various options, and monitor their financial activities through a user-friendly interface. Businesses can start accepting payments within 72 hours of opening a merchant account, without visiting any physical branches. In real-time, funds can be transferred from MID to IBAN accounts. Customers of merchants will be able to make payments using their preferred methods. For Genome services, low-risk businesses are charged 10 EUR per month, while high-risk industries are charged 150 EUR per month. To ensure the security of clients' funds and sensitive information, Genome utilizes an automatic fraud detection system, digital signatures, and two-step verification. The platform utilizes tokenization, TLS/ SSL encryption, and Mastercard® Identity Check™ 3D Secure authentication. Genome operates globally without the need for local subsidiaries. The product is licensed and regulated by Lithuania's Central Bank and adheres to the same strict standards as traditional banking institutions