An economic measure of satisfaction gained from consumption of goods or services.
Sometimes quantified in 'utils'.
A firm providing necessity goods and services, such as water supplies.
3. Financial institutions - know your customer (KYC).
A KYC utility.
- "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.