Difference between revisions of "Utility"
From ACT Wiki
(Add 3rd definition. Source: The Treasurer, Aug 2018, p24.) |
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A KYC utility. | A KYC utility. | ||
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| + | <span style="color:#4B0082">'''''KYC evolving'''''</span> | ||
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| + | :"The world of cash management and payments is evolving in response to... technological advances. | ||
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| + | :Treasurers might want to consider solutions such as... the launch of various utility products for KYC management." | ||
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| + | :''Michelle Price, associate policy and technical director, Association of Corporate Treasurers, The Treasurer, August 2018, p24.'' | ||
Latest revision as of 16:12, 4 August 2018
1.
An economic measure of satisfaction gained from consumption of goods or services.
Sometimes quantified in 'utils'.
2.
A firm providing necessity goods and services, such as water supplies.
3. Financial institutions - know your customer (KYC).
A KYC utility.
KYC evolving
- "The world of cash management and payments is evolving in response to... technological advances.
- Treasurers might want to consider solutions such as... the launch of various utility products for KYC management."
- Michelle Price, associate policy and technical director, Association of Corporate Treasurers, The Treasurer, August 2018, p24.
